DCF Profile
Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF) is a closed-end management investment company that primarily invests in global credit and other fixed-income markets. The fund seeks to achieve its investment objective by investing at least 80% of its managed assets in a diversified portfolio of senior loans, second lien loans, and other fixed-income instruments issued by corporations, partnerships, and other business entities in various industries.
DCF invests in securities with varying credit quality and maturities, with a focus on higher-yielding, below investment-grade securities. The fund may also invest in non-U.S. securities and currencies, as well as derivatives such as credit default swaps and interest rate swaps.
DCF's target term structure means that the fund is designed to terminate and distribute its assets to shareholders on or about December 31, 2024. This means that investors in DCF have a finite investment horizon, which may be attractive to some investors who are looking for a specific investment timeline.
As of September 30, 2021, DCF had total net assets of approximately $587 million and was managed by Dreyfus Alcentra, a subsidiary of BNY Mellon Investment Adviser, Inc. The fund is traded on the New York Stock Exchange under the ticker symbol DCF.
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