Metropolitan West Floating Rate Income Fd Cl M Shs (MWFRX) NASDAQ

9.49

-0.01(-0.11%)

Updated at November 18, 2024 08:05AM

Currency In USD

Metropolitan West Floating Rate Income Fd Cl M Shs

Address

METROPOLITAN WEST ASSET MANAGEMENT

United States of America

Phone

800-241-4671

Website

N/A

Sector

Financial Services

Industry

Asset Management - Income

Employees

N/A

First IPO Date

July 01, 2013

Key Executives

N/A

Description

The investment seeks primarily to maximize current income, with a secondary objective of long-term capital appreciation. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in floating rate investments and in investments that are the economic equivalent of floating rate investments. The fund's investments may have any credit quality without limitation, including investments rated below investment grade. Under normal circumstances, a substantial portion of the fund's portfolio will consist of leveraged loans rated below investment grade or unrated.