Under normal circumstances, the Fund invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in floating-rate credit investments. Floating-rate credit investments may include, without limitation, senior floating rate loans of domestic and foreign borrowers (Senior Loans), debt tranches of collateralized loan obligations (CLOs), secured and unsecured floating-rate bonds, as well as secured and unsecured subordinated loans, second lien loans, subordinated bridge loans and mezzanine investments (collectively, Junior Loans). Senior Loans typically are secured with specific collateral and have a claim on the assets and/or stock of the borrower that is senior to subordinated debtholders and stockholders of the borrower.