General Info
About: The Fund seeks to maximise current income consistent with prudent efforts to preserve capital. It invests in floating or variable rate collateralised senior loans to corporations, partnerships and other business entities in various industries and geographical regions. Under normal market conditions, it will invest at least 80% of its total assets in collateralized senior loans. They will generally be rated, when purchased, below investment grade quality. It may invest up to 20% of its total assets in uncollateralized senior loans, investment and non-investment grade corporate debt securities, U.S. government debt securities, money market instruments and derivatives designed to hedge risks.
Tags: Asset Management Financial Services
Website: http://www.leggmason.com