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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%	—
S. Bzkx Kbnwb Mhwshklb Vykw VGBHK KCDX	Bank Loan	0.600%	—
P. Qtzs Sppqs Zqdfbbcs Cqgt ZNSQB	Bank Loan	0.630%	—
P. Wscq Nywzt Vmzmd Brncfjdd Hpz PWRDJ	Bank Loan	0.570%	—
J. Lwdz Lgmll Hltqn Ftyfqvxq Dgyd SXGV	Bank Loan	0.700%	—

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