Description

This fund primarily invests in a diverse portfolio of short-term corporate bonds that are rated below investment grade, commonly known as high-yield securities or junk bonds. Its primary goal is to provide substantial current income while actively working to mitigate price swings caused by credit quality and interest rate fluctuations. Although the fund has the discretion to invest in instruments with any duration, it generally aims to maintain a weighted average maturity for its portfolio of five years or less.