RiverSource Floating Rate I
70100 Ameriprise Financial Center Mineapolis MN 55474
Map
Phone: 888-791-3380
| Category: | Bank Loan | | Fund Family: | RiverSource | | Net Assets: | 129.07M | | Year-to-Date Return: | -21.07% | | Yield: | 7.45% | | Morningstar Rating: | N/A | | Fund Inception Date: | 16-Feb-06 |
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Lynn A. Hopton
Lead Manager since
16-Feb-06 | | | Hopton is senior managing director and co-head of the Collateralized Debt Obligations Group at RiverSource Investments, LLC, her employer since 2000. Hopton began her investment career in 1986, and worked as a portfolio manager with SunAmerica Inc. from 1991 to 2000. |
| Min Initial Investment: | $5,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $5,000 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks high level of current income; preservation of capital as a secondary objective. The fund normally invests at least 80% of assets in floating rate loans and other floating rate debt securities. These securities generally are rated non-investment-grade by recognized rating agencies. It may invest up to 25% of assets in foreign investments. |
| Last Dividend
(27-Oct-08):
| 0.04 | | Last Cap Gain
(18-Dec-06):
| 0.01 | | Annual Holdings Turnover
| 91.00% | | Average for Category:
| 69.69% |
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| Expense | RFRIX | Category
Avg | | Total Expense Ratio: | 0.71%
| 1.41% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 3.16% | | Max Deferred Sales Load: | 0.00%
| 2.13% | | 3 Yr Expense Projection*: |
$237 | $636 | | 5 Yr Expense Projection*: |
$417 | $907 | | 10 Yr Expense Projection*: |
$941 | $1,845 |
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2.63% Nasdaq 0.00%
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