- What does PRIF-PI invest in?
- Co-founded by Prospect Capital Management LLC and Behringer Harvard Holdings, LLC, Priority Income Fund, Inc. operates as a closed-end mutual fund specializing in fixed-income investments. This fund's operations are overseen by Priority Senior Secured Income Management, LLC. Its investment strategy prioritizes current income, primarily by allocating capital to Senior Secured Loans or to structured portfolios of such loans, known as Collateralized Loan Obligations (CLOs). The fund deliberately targets companies whose debt is rated below investment grade. Formerly named Priority Senior Secured Income Fund, Inc., the entity is legally domiciled in the United States.
- What is the expense ratio of PRIF-PI?
- An expense ratio for Priority Income Fund, Inc. (PRIF-PI) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.
- What is the duration of PRIF-PI?
- Effective duration measures PRIF-PI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRIF-PI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRIF-PI?
- PRIF-PI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRIF-PI?
- Yield to maturity (YTM) is the total return you'd earn from PRIF-PI if every bond in the portfolio is held to maturity at the current price. PRIF-PI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is PRIF-PI?
- Priority Income Fund, Inc. (PRIF-PI) manages — in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
