RiverSource Floating Rate A
70100 Ameriprise Financial Center Mineapolis MN 55474
Phone: 800-221-2450
| Category: |
Bank Loan |
| Fund Family: |
RiverSource |
| Net Assets: |
272.03M |
| Year-to-Date Return: |
1.91% |
| Yield: |
4.35% |
| Morningstar Rating: |
 |
| Fund Inception Date: |
16-Feb-06 |
|
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: |
NaN |
| Min Initial Investment, AIP: |
$5,000 |
| Min Subsequent Investment: |
$100 |
| Min Subsequent Investment, IRA: |
N/A |
| Min Subsequent Investment, AIP: |
$100 |
|
|
|
| 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
(20-Jan-10):
|
0.04 |
| Last Cap Gain
(18-Dec-06):
|
0.01 |
| Annual Holdings Turnover
|
84.00% |
| Average for Category:
|
41.17% |
|
| Expense |
RFRAX |
Category
Avg |
| Total Expense Ratio: |
1.11%
|
1.36% |
| Max 12b1 Fee: |
0.25%
|
N/A |
| Max Front End Sales Load: |
3.00%
|
3.15% |
| Max Deferred Sales Load: |
%
|
2.11% |
| 3 Yr Expense Projection*: |
$653 |
$587 |
| 5 Yr Expense Projection*: |
$915 |
$929 |
| 10 Yr Expense Projection*: |
$1,667 |
$1,885 |
|
|
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