Pacific Funds Floating Rate Income - Class I (PLFRX) NASDAQ

9.40

+0(+0.00%)

Updated at October 24 04:00PM

Currency In USD

Pacific Funds Floating Rate Income - Class I

Address

700 Newport Center Drive

Newport Beach, CA 92660

United States of America

Phone

9492193233

Website

N/A

Sector

Financial Services

Industry

Asset Management - Income

Employees

N/A

First IPO Date

July 01, 2011

Key Executives

N/A

Description

The investment seeks a high level of current income. The fund invests principally in income producing floating rate loans and floating rate debt securities. Under normal circumstances, it invests at least 80% of its assets in floating rate loans and floating rate debt securities. The fund may invest up to 25% of its assets in U.S. dollar denominated foreign investments, principally in developed markets. It may invest up to 20% of its assets in other types of debt instruments or securities including non-investment grade (high yield/high risk, sometimes called "junk bonds") debt instruments.