Top Performing Bank Loan Mutual Funds 2015

Bank loan mutual funds invest mainly in floating rate bank loan taken on by corporations or companies. Bank loan funds typically have little interest rate risk due to its shorter duration. These funds may provide high yield income for investors.

Floating Rate Funds

The top performing list is sorted based on the 3 month performance up until Jan 22, 2015. Investors can find the review and other fund information such as expense ratio, fund manager, yield, turnover rate, sales load, top holdings, top sectors, etc.

Top performing bank loan mutual funds 2015 are:
    top bank loan funds
  1. Highland Floating Rate Opportunities Fund (HFRAX)
  2. DoubleLine Floating Rate Fund (DLFRX)
  3. First Trust Short Duration High Income Fund (FDHAX)
  4. Sound Point Floating Rate Income Fund (SPFRX)
  5. Transamerica Floating Rate Fund (TFLAX)
  6. PIMCO Senior Floating Rate Fund (PSRPX)
  7. Goldman Sachs High Yield Floating Rate Fund (GFRAX)

Highland Floating Rate Opportunities Fund

This Highland Floating Rate Opportunities Fund utilizes its assets to purchase floating rate loans and other securities deemed to be floating rate investments. Mark Okada is the fund manager since 2012. This mutual fund has a high yield of 4.41%. The expense fee is 1.30%.

More: Top 8 Best Bank Loan Mutual Funds 2012

Morningstar has ranked this top performing bank loan fund with 3 stars rating. This taxable bond fund has returned 10.45% over the past 3 year, and 8.20% over the past 5 year.

DoubleLine Floating Rate Fund

DoubleLine Floating Rate Fund share is valued at $10.05. This fund may invest in bonds that are rated below investment grade or unrated. The total assets are $336.7 million. Its expense fee is only 0.98%. This no load fund has a yield of 3.04%.

More: Best Performing Bank Loan Closed End Funds 2013

This best performing bank loan mutual fund has 1 year return of 1.41%. This fund is managed by Bonnie Baha and Robert L. Cohen.

PIMCO Senior Floating Rate Fund

Ranked with 3 stars rating, PIMCO Senior Floating Rate Fund has $2.5 billion of assets. The current yield is 3.66%. The fund manager is Elizabeth O. MacLean.

More: Fidelity Floating Rate High Income Fund

The fund performance for the past 3 years:
  • Year 2014: 1.42%
  • Year 2013: 4.36%
  • Year 2012: 7.24%

Fund Performance

NoFund NameTicker3 Month Return %3-Yr Return %
1Highland Floating Rate Opportunities AHFRAX0.73%11.26%
2DoubleLine Floating Rate NDLFRX0.49%0.00%
3First Trust Short Duration High Inc AFDHAX0.48%0.00%
4Sound Point Floating Rate Income InvSPFRX0.37%0.00%
5Transamerica Floating Rate ATFLAX0.21%0.00%
6PIMCO Senior Floating Rate PPSRPX0.20%4.31%
7Goldman Sachs High Yield Floating Rate AGFRAX0.05%3.94%


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