Objective & Strategy
The fund seeks total return, comprised of current income and capital appreciation by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in senior secured floating rate loans made by banks and other financial institutions and in senior secured floating rate debt instruments while integrating environmental, social and governance (“ESG”) criteria.
Average Annual Returns (%)
Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
---|---|---|---|---|---|---|---|---|
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.
Annualized Benchmark Returns
Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
---|---|---|---|---|---|---|
Credit Suisse Leveraged Loan Total Return Index | 0.60 | 1.61 | 9.81 | 6.26 | 5.54 | 4.72 |
Bloomberg US Aggregate Bond Total Return Index | 1.44 | 4.79 | 7.30 | -2.11 | -0.04 | 1.64 |
Credit Suisse Leveraged Loan Total Return Index | 0.27 | 1.86 | 11.04 | 5.96 | 5.36 | 4.61 |
Bloomberg US Aggregate Bond Total Return Index | 0.95 | 0.07 | 2.63 | -3.02 | -0.23 | 1.35 |
Source: Bloomberg LP
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
Management Fee | 0.61 |
12b-1 Fee | 0.25 |
Other Expenses | 0.19 |
Interest/Dividend Exp | 0.05 |
Total Other Expenses | 0.24 |
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | N/A |
Total Annual Fund Operating Expenses | 1.10 |
Contractual Waivers/Reimbursements | N/A |
Net Expenses - PER PROSPECTUS | 1.10 |
Additional Waivers/Reimbursements | N/A |
Net Expenses - With Additional Fee Reduction | 1.10 |
Distributions
Capital Gains | Reinvestment Price ($) |
|||
---|---|---|---|---|
Ex-Date | Income | Short Term | Long Term | |
Fund Characteristics
3-Year Alpha | -1.27% |
3-Year Beta | 1.00 |
3-Year R-Squared | 0.95 |
3-Year Sharpe Ratio | 0.38 |
3-Year Standard Deviation | 3.82 |
Number of Securities | 534 |
Total Assets | $2,654,472,425.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Top Fixed-Income Holdings | View all
Holding Name | Coupon % | Bond Maturity Date | % of Total Assets |
---|---|---|---|
Monitronics International Inc | 13.010 | 06/30/2028 | 1.00 |
Spin Holdco Inc | 9.600 | 03/04/2028 | 0.94 |
Aurorium Global Holdings LLC | 10.960 | 12/22/2027 | 0.79 |
Virgin Media Bristol LLC | 8.700 | 01/31/2029 | 0.76 |
Sunrise Financing Partnership | 8.380 | 01/31/2029 | 0.71 |
Robertshaw US Holding Corp | 8.630 | 02/28/2027 | 0.67 |
Dun & Bradstreet Corp/The | 8.030 | 01/18/2029 | 0.66 |
Varsity Brands LLC | 9.090 | 07/25/2031 | 0.66 |
AI Aqua Merger Sub Inc | 8.840 | 07/31/2028 | 0.62 |
Acrisure LLC | 8.590 | 11/06/2030 | 0.62 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Top Industries
% of Total Assets | |
---|---|
Application Software | 1.77 |
Integrated Telecommunication Services | 1.71 |
Security & Alarm Services | 1.19 |
Systems Software | 1.14 |
Hotels, Resorts & Cruise Lines | 0.79 |
Retail REITs | 0.74 |
Oil & Gas Equipment & Services | 0.74 |
Education Services | 0.68 |
Research & Consulting Services | 0.66 |
Communications Equipment | 0.48 |
May not equal 100% due to rounding.
The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.