ISLNSX Closed-End Strategy: Senior Loan and Limited Duration Portfolio
The Portfolio seeks to provide current income and the potential for capital appreciation. The Sponsor cannot guarantee that the portfolio will achieve its objective.
The Portfolio seeks to achieve its objective by investing in a portfolio primarily consisting of common stock of closed-end investment companies (known as "closed-end funds") that invest in senior corporate loans or other debt securities of limited duration. "Duration" is a measure of the sensitivity of a debt security's price to changes in interest rates, expressed in years.