NFRCX — AIG Senior Floating Rate Fund
Data updated: 2021-08-27
NFRCX — AIG Senior Floating Rate Fund. Money Market · $138.56M AUM · 0.83% expense ratio · 8.4% 1-yr return. Holdings, fees, performance and SEC filings.
NFRCX Fund Overview
NFRCX — AIG Senior Floating Rate Fund is a US mutual fund managed by Sunamerica Senior Floating Rate Fund INC, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Sunamerica Senior Floating Rate Fund INC
- Category: Money Market
- Assets under management: $138.56M
- 1-year return: 8.4%
- Ticker: NFRCX
- SEC CIK: 0001059040
- SEC series ID: S000012952
- Share class ID: C000034983
NFRCX Investment Objective and Strategy
AIG Senior Floating Rate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sunamerica Senior Floating Rate Fund INC.
Investment objective
The investment goal of the AIG Senior Floating Rate Fund (the Fund) is to provide as high a level of current income as is consistent with the preservation of capital.
Principal investment strategy
The Funds principal investment strategy is investing in senior secured floating rate loans. The principal investment technique of the Fund is investing in senior secured floating rate loans and other institutionally traded secured floating rate debt obligations (Loans). Under normal circumstances, at least 80% of the Funds net assets, plus any borrowings for investment purposes, will be invested in such securities. The Fund may invest in Loans directly or by purchasing Assignments or Participations. The Fund may also purchase both investment grade and high yield (commonly referred to as junk bonds) fixed income securities and money market instruments, although the Fund may not invest more than 10% of its total assets in high yield fixed income securities. The Fund may invest in foreign securities, including up to 10% of its total assets in non-U.S.
dollar denominated Loans and high yield fixed income securities and up to 25% of its total assets in U.S. dollar denominated Loans issued by non-U.S. companies. The Loans generally consist of direct debt obligations of companies (collectively, Borrowers), primarily U.S. companies and their affiliates, undertaken to finance the growth of the Borrowers business internally and externally, or to finance a capital restructuring. Most, if not all, of the Loans in which the Fund invests will be rated below investment grade or will be unrated Loans of comparable quality. In selecting Loans, the Fund will employ credit standards that Wellington Management Company LLP (Wellington Management), the Funds subadviser, has established. Wellington Managements primary consideration in selecting Loans for investment by the Fund is the Borrowers creditworthiness.
The Fund will generally purchase Loans only if, in the judgment of Wellington Management, the Borrower can meet the debt service on the Loan. The principal investment strategy and principal investment techniques of the Fund may be changed without shareholder approval. You will receive at least 60 days notice of any change to the 80% investment policy set forth above.
NFRCX Performance
Total returns for NFRCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.4% |
| 3 years (annualised) | 2.3% |
NFRCX Risk Information
Risk metrics for NFRCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
NFRCX Costs and Fees
NFRCX costs about $83 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.83%
- Gross expense ratio: 1.77%
- Portfolio turnover: 51%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
NFRCX Cashflows
Over the 12 months to 2021-06, AIG Senior Floating Rate Fund had net outflows of $28.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | −$5.10M |
| 2021-05 | −$3.40M |
| 2021-04 | −$814.44K |
| 2021-03 | −$2.35M |
| 2021-02 | −$1.61M |
| 2021-01 | $854.22K |
NFRCX Debt Constituents
No individual debt constituents are reported in AIG Senior Floating Rate Fund's latest SEC N-PORT filing.
NFRCX Prospectus and SEC Filings
Official AIG Senior Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-28
- Prospectus (485BPOS) — filed 2020-05-13
- Prospectus supplement (497) — filed 2020-08-07
- Portfolio holdings (N-PORT) — filed 2021-08-27
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Portfolio holdings (N-PORT) — filed 2021-02-26
- Annual census (N-CEN) — filed 2021-03-15
- Annual census (N-CEN) — filed 2020-03-13
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.