Senior Portfolio Manager
Managing Director, Head of Leveraged Finance
Seix Investment Advisors LLC
George Goudelias discusses LIBOR floors and the plan to phase out LIBOR in 2021, as well as his current insights on fundamentals and technicals in the bank loan market.
IMPORTANT RISK CONSIDERATIONS
Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities. Bank Loans: Loans may be unsecured or not fully collateralized, may be subject to restrictions on resale and/or trade infrequently on the secondary market. Loans can carry significant credit and call risk, can be difficult to value, and have longer settlement times than other investments, which can make loans relatively illiquid at times. High Yield-High Risk Fixed Income Securities: There is a greater level of credit risk and price volatility involved with high yield securities than investment grade securities. Prospectus: For additional information on risks, please see the fund’s prospectus.
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