General Info
About: The Fund is a diversified investment management company that seeks a high level of current income with a secondary objective of capital preservation. It will pursue its investment objectives through investment in a portfolio of senior secured floating rate corporate loans (Senior Loans). Under normal market conditions, it will invest at least 80% of its assets in lower grade debt instruments. Normally, it may also invest up to 10% of its assets in revolving credit facilities, investment grade debtor-in-possession financing, unsecured loans, other floating rate debt securities, such as notes, bonds, and asset-backed securities, investment grade loans and fixed income debt obligations and money market instruments, such as commercial paper. It may also invest up to 15% of its assets in US dollar-denominated foreign investments, predominantly in developed countries, but in no case in emerging market countries.
Tags: Asset Management Financial Services
Website: http://www.ftportfolios.com