Industry description
The investment seeks to provide capital preservation and current income by investing principally in a portfolio composed of collateralized loan obligations (“CLOs”) rated from BBB+ to B‑.
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of borrowings for investment purposes, in CLOs that are, at the time of purchase, rated from BBB+ to B‑. The fund is non-diversified.