Description

The fund is an actively managed fund of investment grade fixed or floating-rate debt securities issued by governments and corporations from around the globe, even emerging markets. The fund will primarily hold securities rated as investment grade, but may hold up to 20% in non-investment grade debt. It is important to note that the fund may hedge 90% to 100% of its exposure to the Canadian dollar. Derivatives may be used by the adviser for hedging and non-hedging purposes to facilitate changes in portfolio duration and interest rate/yield curve exposure.