Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). The fund currently borrows for the purpose of acquiring additional income-producing investments (referred to as "leverage"). It may invest up to 35% of its net assets in foreign Senior Loans.
