FNKGSX Senior Loan Select Closed-End Portfolio
The Trust seeks high current income by investing in a diversified portfolio of closed-end funds which invest in senior loan floating-rate securities. There is no guarantee that the objective of the trust will be achieved.
Under normal circumstances, the Trust will invest at least 80% of its assets in closed-end funds which invest at least 80% of their assets in senior loans. Loans in a company’s top two debt tranches (i.e., first or second lien) are considered to be senior loans.