About: The Fund invests primarily in corporate fixed income instruments, including Senior Secured Loans and high yield corporate bonds of varying maturities. Under normal market conditions, at least 80% of the Funds Managed Assets will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics. Investments with similar economic characteristics may be made through derivatives, credit-linked notes, repurchase agreements and investments in other investment companies. The Fund currently intends to invest substantially all of its assets in fixed income instruments that are of below investment grade quality, or high yield. Under normal market conditions, the use of derivatives by the Fund will not exceed 30% of the Funds Managed Assets. The Fund may invest up to 20% of its Managed Assets in fixed income instruments issued by foreign corporate or government issuers. Such foreign instruments may be U.S. currency denominated or foreign currency denominated. The Fund currently has no intention of investing in instruments of emerging markets borrowers or issuers.
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