Bank Loan Medalist Funds
Bank-loan funds and ETFs invest in floating-rate bank loans and other floating-rate securities instead of bonds. In exchange for their credit risk compared with corporate bonds, these loans offer higher interest rates that typically float above a common short-term benchmark. Here we highlight those funds that also received a Gold, Silver, or Bronze Morningstar Medalist Rating by our analysts. The Medalist Rating is a forward-looking assessment of an investment strategy. The rating is on a five-tier scale running from Gold to Negative. For actively managed funds, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to add value over the long term when compared with a relevant Morningstar Category index after accounting for fees and risk. For passive strategies, funds and ETFs with top ratings are expected to deliver alpha that exceeds the lesser of the category median net alpha, or zero, over the long term.
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|
Name
|
Medalist Rating
Overall
|
SEC 30-Day Yield
|
TTM Yield
|
Average Effective Duration
|
Total Return
1 Year
|
Total Return
3 Year
|
Adjusted Expense Ratio
|
Fund Size
|
|---|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Inc R6
SFRZX
| 8.76% | 9.44% | — | 9.73% | 5.41% | 0.540% | 1.45 Bil | |
| T. Rowe Price Instl Floating Rate F
PFFRX
| 8.34% | 8.69% | 0.65 | 10.78% | 5.76% | 0.700% | 4.20 Bil | |
| T. Rowe Price Instl Floating Rate
RPIFX
| 8.44% | 8.81% | 0.65 | 10.92% | 5.89% | 0.570% | 4.20 Bil | |
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PZRBN
| 8.35% | 8.64% | 0.66 | 10.76% | 5.88% | 0.630% | 3.66 Bil | |
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LCMM
| — | 8.15% | 0.66 | 10.69% | — | 0.600% | 157.91 Mil | |
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FHPYVM
| 8.05% | 8.32% | 0.66 | 10.52% | 5.53% | 0.970% | 3.66 Bil | |
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FBVFF
| 8.24% | 8.52% | 0.66 | 10.62% | 5.74% | 0.780% | 3.66 Bil | |
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LZTD
| 8.27% | 8.29% | — | 9.46% | 5.10% | 0.540% | 271.58 Mil | |
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KNJQV
| 8.23% | 8.26% | — | 9.43% | 5.09% | 0.640% | 271.58 Mil | |
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PJJZG
| 7.86% | 8.83% | 0.28 | 11.05% | 6.27% | 0.610% | 117.11 Mil | |
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LVFPW
| 7.75% | 8.74% | 0.28 | 10.95% | 6.20% | 0.710% | 117.11 Mil | |
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KXVS
| — | — | 0.28 | — | — | 0.960% | 117.11 Mil | |
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WVCH
| 8.34% | 9.15% | 0.11 | 11.11% | 5.28% | 0.650% | 2.11 Bil | |
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RGRYW
| 8.27% | 8.46% | — | 9.91% | 5.85% | 0.680% | 14.54 Bil | |
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CTJSL
| 8.36% | 8.53% | — | 9.98% | 5.91% | 0.620% | 14.54 Bil | |
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JKWYY
| 7.76% | 8.19% | — | 9.61% | 5.55% | 0.960% | 14.54 Bil | |
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YLSXP
| 8.25% | 8.43% | — | 9.88% | 5.82% | 0.710% | 14.54 Bil | |
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ZJRVKJ
| 7.74% | 8.17% | — | 9.59% | 5.55% | 0.970% | 14.54 Bil | |
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ZVZXT
| 9.20% | 9.70% | 0.42 | 11.76% | 5.64% | 0.710% | 5.81 Bil | |
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TXMW
| 9.18% | 9.67% | 0.42 | 11.73% | 5.60% | 0.750% | 5.81 Bil | |
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DVZDP
| 8.30% | 8.29% | 0.81 | 10.00% | 4.61% | 0.740% | 883.83 Mil | |
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FMVQ
| 8.26% | 8.22% | 0.81 | 9.93% | 4.55% | 0.800% | 883.83 Mil | |
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MGXNX
| 8.66% | 9.01% | 0.44 | 10.22% | 4.95% | 0.710% | 4.74 Bil | |
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KSMSC
| 8.58% | 8.95% | 0.44 | 10.02% | 4.89% | 0.770% | 4.74 Bil | |
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NZFNB
| 9.17% | 9.36% | 0.56 | 10.50% | 5.58% | 0.700% | 2.04 Bil |