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Purpose Floating Rate Income Fund (changed to Purpose Global Flexible Credit Fund)

This fund changed its mandate and name on December 10, 2021. See the new fund page and press release for more details.

The purpose of this fund

Earn income that adjusts to changes in interest rates.

  • •Active strategy designed to preserve capital in a rising-interest-rate environment
  • •Interest payments adjust to changes in reference rates, reducing portfolio duration and protecting invested capital
  • •Diverse portfolio of senior bank loans, structured credit, short-duration bonds and preferred shares
Norman Milner
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Managed by -

Norman Milner

Neuberger Berman

Founded in 1939 with a focus on deep fundamental research, Neuberger Berman Investment Advisers manages more than $300-billion USD in assets today, primarily for institutional advisors. The firm takes a boots-on-the-ground approach, employing more than 600 investment professionals in 35 cities around the world.

ESG Risk RatingWhat is ESG?

No ESG score is shown for this fund because either (1) the fund's mandate does not incorporate single security selection, rendering ESG analysis something that cannot be assured on a portfolio management basis, or (2) Purpose does not currently have access to ESG scoring data for >50% of the fund's positions. ESG scores are not shown for these funds as they might be misleading or misrepresent a fund's ESG integration or lack thereof.

FUND DETAILS

YIELD

N/A

MGMT FEE

NAV

()

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Purpose Investments Announces New Fund Name and New Investment Objective for Purpose Global Flexible Credit Fund (Previously Named Purpose Floating Rate Income Fund)

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