Babson Global Floating Rate Y
The investment seeks a high level of current income. Preservation of capital is a secondary goal.
Under normal market conditions, the fund invests at least 80% of its net assets in income-producing floating rate debt securities, consisting of floating rate loans, bonds and notes, issued primarily by North American and Western European companies. The fund may invest in a wide range of income-producing floating rate loans, bonds and notes of issuers based in U.S. and non-U.S. markets, but invests primarily in senior secured loans of North American and Western European corporate issuers that are of below investment grade quality. It is non-diversified.