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.
|
Name
|
Morningstar Category
|
Adjusted Expense Ratio
|
Market Cap
|
Medalist Rating
Overall
| |
|---|---|---|---|---|---|
| Aristotle Floating Rate Income Fund Class I
PLFRX
| Bank Loan | 0.730% | — | ||
| Barrow Hanley Floating Rate Fund I Shares
BFRNX
| Bank Loan | 0.600% | — | ||
| Fidelity Advisor Floating Rate High Income Fund - Class I
FFRIX
| Bank Loan | 0.770% | — | ||
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NJQNV
| Bank Loan | 0.670% | — | ||
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XYZMFF
| Bank Loan | 0.730% | — | ||
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TQXFC
| Bank Loan | 0.710% | — | ||
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SBNPN
| Bank Loan | 0.540% | — | ||
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FTVGD
| Bank Loan | 0.610% | — | ||
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BYVMN
| Bank Loan | 0.610% | — | ||
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GMCNN
| Bank Loan | 0.540% | — | ||
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TXNJKN
| Bank Loan | 0.600% | — | ||
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BWVHX
| Bank Loan | 0.610% | — | ||
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MJLFDC
| Bank Loan | 0.650% | — | ||
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MKMD
| Bank Loan | 0.600% | — | ||
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RRKV
| Bank Loan | 0.610% | — | ||
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CGBBJ
| Bank Loan | 0.770% | — | ||
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YTCRV
| Bank Loan | 0.970% | — | ||
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CMLZL
| Bank Loan | 0.640% | — | ||
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SJMLR
| Bank Loan | 0.570% | — | ||
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XHVVCB
| Bank Loan | 0.700% | — | ||
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CSMPX
| Bank Loan | 0.530% | — |
United States