Description

Under typical market circumstances, this fund allocates a significant portion—at least 80%—of its total capital, including any borrowed funds, to a varied collection of convertible securities. Furthermore, the fund primarily targets convertible instruments issued by corporate entities whose debt is assessed as sub-investment grade (specifically, below Baa3 by Moody's or BBB- by S&P or Fitch), often known in financial circles as "high-yield" or "junk" bonds.