Floating Rate is trading at 7.61 as of the 20th of July 2025; that is 0.13% up since the beginning of the trading day. The fund's open price was 7.6. Floating Rate has less than a 11 % chance of experiencing some financial distress in the next two years of operation and had a very strong performance during the last 90 days. The performance scores are derived for the period starting the 21st of April 2025 and ending today, the 20th of July 2025. Click here to learn more.
The fund will invest at least 80 percent of its net assets in floating-rate loans, which often include debt securities of domestic and foreign issuers that are rated below investment grade, at the time of purchase, or are of comparable quality, as determined by the manager, and other floating-rate securities. More on Floating Rate Income
Floating Rate Income [JFIRX] is traded in USA and was established 20th of July 2025. Floating Rate is listed under John Hancock category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of John Hancock family. This fund currently has accumulated 1.27 B in assets under management (AUM) with no minimum investment requirementsFloating Rate Income is currently producing year-to-date (YTD) return of 3.12% with the current yeild of 0.0%, while the total return for the last 3 years was 9.28%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Floating Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Floating Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Floating Rate Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Other Information on Investing in Floating Mutual Fund
Floating Rate financial ratios help investors to determine whether Floating Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Floating with respect to the benefits of owning Floating Rate security.