A senior bank loan is a loan that holds a legal claim to the borrower's assets that comes before all other debts.
Under normal market conditions, at least 80% of the fund's net assets (including the amount of any borrowings for investment purposes) will be invested in floating rate loans and floating rate debt ...
The fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and floating rate debt securities. Most assets are typically invested ...
Bank loans remain a popular place for investors to find attractive yields — but average investors can't just buy them. Instead, they'll have to access the loans — which may also be referred to as ...