Best Bank Loan 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. This list contains those funds and ETFs that also received a Gold 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. Gold is Morningstar’s top recommendation, reserved for investments that are expected to add the most value within their category.
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Name
|
Morningstar Category
|
Adjusted Expense Ratio
|
Market Cap
|
---|---|---|---|
Fidelity Advisor Floating Rate Hi Inc Z
FIQSX
| Bank Loan | 0.620% | — |
Fidelity Floating Rate High Income
FFRHX
| Bank Loan | 0.680% | — |
T. Rowe Price Floating Rate
PRFRX
| Bank Loan | 0.780% | — |
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CQB
| Bank Loan | 0.600% | — |
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YWPGP
| Bank Loan | 0.630% | — |
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PTLB
| Bank Loan | 0.570% | — |
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VMCDJ
| Bank Loan | 0.700% | — |