ING Prime Rate Trust
- Invests at least 80% of net assets in U.S.-dollar-denominated, floating-rate, secured senior loans
- Targets top-tier, non-investment grade senior loans seeking to achieve superior long term risk-adjusted returns with lower volatility
- Uses leverage to enhance return potential
This Closed-End Fund seeks a high a level of current income, consistent with preservation of capital
Daily Prices as of 03/11/2014
|Net Asset Value (NAV)||$6.06|
|Inception Date||May 12, 1988|
Average Annual Total Returns %
|As of 02/28/2014 As of 12/31/2013||YTD||1 YR||3 YR||5 YR||10 YR||Inception (05/12/88)||Gross Exp.||Net Exp.|
|Net Asset Value||+1.37||+8.15||+6.80||+17.07||+5.18||—||—%||—%|
|Net Asset Value||+8.98||+8.98||+7.53||+19.98||+5.20||—||—%||—%|
|S&P/LSTA Leveraged Loan Index||+5.29||+5.29||+5.44||+14.37||+5.26||—|
S&P/LSTA Leveraged Loan Index
The S&P/LSTA Leveraged Loan Index is an unmanaged total return index that captures accrued interest, repayments, and market value changes. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. This chart does not take into consideration account transaction fees or brokerage commissions. It is important to note that the Trust has a limited operating history. Performance over a longer period of time may be more meaningful than short-term performance.
Return @ NAV Total Return at net asset value has been calculated assuming a purchase at net asset value at the beginning of each period and a sale at net asset value at the end of each period and assumes reinvestment of dividends and capital gains distribution, if any, in accordance with the provisions of the dividend reinvestment plan. Total return at net asset value is not annualized for periods less than one year.
Return @ Market Value Total Return at market value measures the change in the market value of your investment assuming reinvestment of dividends and capital gains distributions, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total return at market value is not annualized for periods less than one year.
These figures will differ depending on the level of any discount from or premium to NAV at which the Fund's shares traded during the period.