Objective
Seeks to provide high current income and long-term total return.
Overview
A fund that typically invests in floating-rate loans and securities that are below-investment-grade.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception.
Fund Inception: 04/29/2005
Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects Class I-shares performance and operating expenses, and, prior to 8/31/06 the performance and operating expenses of Class A-shares (excluding sales charges). Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 4/29/05.
Characteristics
Dividend Frequency | Monthly |
---|---|
# of Issuers | 289 |
# of Holdings | 370 |
Average Bank Loan Price | $95.66 |
---|---|
Yield to Worst (%) | 7.68% |
Effective Duration | 0.18 yrs |
% in Bank Loans | 96 |
Distribution Yield at NAV | 8.33 |
Trailing 12 Month Yield | 8.94 |
30-Day SEC Yield | 8.33 |
Unsubsidized 30-Day SEC Yield
|
8.33 |
SPDR Blackstone Senior Loan ETF | 3.01 |
Asurion LLC | 1.96 |
Amentum Government Services Holdings LLC | 1.44 |
McAfee LLC | 1.42 |
First Brands Group LLC | 1.37 |
MH Sub I LLC | 1.33 |
Peraton Corp. | 1.25 |
Acrisure LLC | 1.24 |
Caesars Entertainment, Inc. | 1.15 |
HUB International Ltd. | 1.11 |
Total Portfolio % | 15.28 |
Aaa/AAA | 0 |
Aa/AA | 1 |
A | 0 |
Baa/BBB | 3 |
Ba/BB | 20 |
B | 76 |
Caa/CCC or lower | 3 |
Not Rated | 5 |
Cash & Cash Offsets | -8 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
6/30/24 | 8/31/24 | 8/31/24 | -8 0 8 | ||||
Other | 11 | 11 | 3 | ||||
Financial Institutions | 16 | 14 | 11 | ||||
Communications | 12 | 12 | 9 | ||||
Consumer Cyclical | 21 | 21 | 19 | ||||
Energy | 4 | 4 | 2 | ||||
Capital Goods | 11 | 13 | 13 | ||||
Transportation | 2 | 2 | 3 | ||||
Technology | 16 | 18 | 20 | ||||
Basic Industry | 2 | 3 | 5 | ||||
Utilities | 0 | 0 | 2 | ||||
Consumer Non-Cyclical | 11 | 10 | 14 | ||||
Cash, Cash Equivalents and Cash Offsets | -6 | -8 | 0 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
9/30/2024 | 7.73 | $0.0537 | $0.0000 | $0.0000 | $0.0537 |
8/30/2024 | 7.74 | $0.0528 | $0.0000 | $0.0000 | $0.0528 |
7/31/2024 | 7.75 | $0.0548 | $0.0000 | $0.0000 | $0.0548 |
6/28/2024 | 7.75 | $0.0513 | $0.0000 | $0.0000 | $0.0513 |
5/31/2024 | 7.78 | $0.0542 | $0.0000 | $0.0000 | $0.0542 |
4/30/2024 | 7.76 | $0.0503 | $0.0000 | $0.0000 | $0.0503 |
3/28/2024 | 7.76 | $0.0541 | $0.0000 | $0.0000 | $0.0541 |
2/29/2024 | 7.76 | $0.0521 | $0.0000 | $0.0000 | $0.0521 |
1/31/2024 | 7.75 | $0.0535 | $0.0000 | $0.0000 | $0.0535 |
12/29/2023 | 7.77 | $0.0525 | $0.0000 | $0.0000 | $0.0525 |
12/29/2023 | 7.77 | $0.0504 | $0.0000 | $0.0000 | $0.0504 |
12/15/2023 | 7.80 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
11/30/2023 | 7.75 | $0.0562 | $0.0000 | $0.0000 | $0.0562 |
10/31/2023 | 7.70 | $0.0549 | $0.0000 | $0.0000 | $0.0549 |
Insights
Fund Literature