Primarily the investment focus on low quality junk bonds, which I think have another downleg or two, and...
"The Fund seeks to provide high level of current income. The Fund invests primarily in Senior Floating Rate loans, which are below-investment grade variable or floating rate loans commonly made by banks to corporations."
Pretty much a 1-2 punch in this market.
If that doesnt have your hair standing on end, go look at the top holdings and what they do for a living.
I guess the good question is "What was the reason for buying the fund". What investment component was the OP trying to fulfill?
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.