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DDJ Bank Loan Strategy

The investment objective of the DDJ Bank Loan Strategy is to provide high current income primarily achieved through floating rate instruments with an emphasis on principal protection. The Bank Loan Strategy employs a relatively conservative approach (in comparison to DDJ’s other investment strategies) by investing predominantly in syndicated, first lien secured terms loans that are senior in the capital structure of middle market, non-investment grade issuers. Clients pursuing this strategy may also permit allocations to second lien secured term loans as well as high yield bonds where DDJ has identified an attractive risk-reward opportunity. Such investments are generally liquid. Portfolios are expected to consist of approximately 60-90 issuers across a wide range of industries primarily located within the United States and Canada.