PLFRX Company Profile and Key Details

The primary objective of this fund is to achieve a substantial level of current income. It accomplishes this by investing predominantly in income-generating floating rate loans and other floating rate debt instruments. Typically, at least four-fifths (80%) of the fund's assets are committed to these specific types of floating rate securities under normal market conditions. A portion, up to 25% of its total assets, may be directed towards foreign investments denominated in U.S. dollars, primarily originating from developed economies. Furthermore, the fund possesses the latitude to allocate as much as 20% of its holdings to diverse debt instruments or securities, which includes non-investment grade debt, commonly referred to as high-yield or "junk bonds" due to their elevated risk profile.