Berry likes the similar Eaton Vance Floating-Rate Fund, yielding 1.9% after expenses of 1.8%, for its "steady performance and proven management" and the no-load Fidelity Floating Rate High Income Fund, which is returning 2.9% after expenses of 0.9%.

FORBES: Fixed Income for Bears

Salomon Brothers Emerging Market Floating Rate Fund buys adjustable-rate bonds from emerging-market companies and countries.

FORBES: Fixed Income for Bears

Nuveen Senior Income Fund and Nuveen Floating Rate Income Opportunity Fund.

FORBES: Magazine Article

The Neuberger Berman Global Floating Rate Income Fund is also London-listed, but its portfolio is heavily skewed towards U.S. loans, which account for more than 80% of the portfolio.

WSJ: A Secure High-Yield Alternative?

At Fidelity, the firm's offering in this space is the Floating Rate High Income Fund.

WSJ: As Many Stocks and Bonds Get Pricey, It's Time to Play Defense

The Securities and Exchange Commission is floating several ideas about how to protect money market fund investors in the event of a financial panic.

FORBES: Government to Tighten Grip on Investments, Again

Yet Pierre Moscovici, the French finance minister, last week surprised many by speaking of federalism and floating an intriguing idea: a Europe-wide unemployment-insurance fund.

ECONOMIST: Charlemagne

The experts I talked to say the chances of Tilton floating a new CLO in this market or raising a new private equity fund are slim.

FORBES: Lynn Tilton's Financial Empire: More Details, More Trouble

Unlike certain other hedge-fund managers, though, he has no interest in making another fortune by floating his firm on the stock market.

NEWYORKER: Mastering the Machine

Floating-rate securities, securities with puts, securities where, if certain things happened, a sinking fund kicked in.

FORBES: Dow Jones Interactive