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Anyone have a favorite Floating Rate (M*=Bank Loan) Fund?
if you don't mind closed end funds, JRO has been my favorite for the last 5 years. Nuveen more recently added a shorter duration one, JSD. i like both of them. they keep increasing distributions paid out from income. Nuveen is very transparent and updates information often. current cheap cost of leverage is a plus too (in my book). cefconnect.com is a site to check on these or other closed-end funds.
Also, go to the Resources drop down meun here, select Navigator, then at the fund search box......type floating .......which will generate a long list of floating rate funds. Some will be duplicates of various share classes.
I have watched Fidelity's floating rate fund and it is doing okay; but I don't know whether the time has arrived, for more sustained forward movement. We don't have any money in this area right now.
Comments
thestreet.com/print/story/11702076.html
This link is a small list of short and long term returns.
Bank Loan funds
Also, go to the Resources drop down meun here, select Navigator, then at the fund search box......type floating .......which will generate a long list of floating rate funds. Some will be duplicates of various share classes.
I have watched Fidelity's floating rate fund and it is doing okay; but I don't know whether the time has arrived, for more sustained forward movement.
We don't have any money in this area right now.
Take care,
Catch