OppenheimerFunds today announced the extension of its senior loan investing franchise with the launch of the Oppenheimer Senior Floating Rate Plus Fund (SFR PLUS). This actively-managed fund offers investors access to the same experienced team as the firm's original Senior Floating Rate Fund (SFR).
Like SFR, SFR PLUS will invest primarily in senior loans. The difference, however, will be that there will be the added flexibility to include high yield bonds and employ leverage. SFR will continue to be managed with the same product purity focus as it has been since the fund's start in 1999.