Business Description
The fund buys and manages a mix of senior floating rate loans originated by banks and major financial institutions. These loans sit at the top of the borrowing companies' repayment hierarchy, meaning they are among the first to be repaid if a company runs into financial trouble. At least 80% of the fund's assets are held in these loans at any given time. The fund is structured as an ETF and does not spread its holdings across a wide range of investments.
