Description

As a standard practice, the fund's advisor primarily seeks to invest in debt and other income-generating securities. These are typically high-quality debt, specifically those rated investment grade or unrated instruments deemed by the Advisor to possess equivalent creditworthiness. A foundational principle requires at least 80% of the fund's net assets (inclusive of any capital borrowed for investment purposes) to be allocated to bonds. Notwithstanding this, the fund maintains the flexibility to allocate up to 50% of its total assets to lower-quality debt, encompassing instruments rated below investment grade or those lacking a rating but assessed by the Advisor to have a similar, more speculative, credit profile.