Description

This fund aims to generate robust total returns while employing hedging strategies to mitigate potential capital losses. Its core investment lies in a broad spectrum of global fixed income securities. While a significant portion of its assets typically resides in North American corporate debt, the fund maintains the flexibility to allocate up to 100% of its portfolio to international holdings. The investment mandate is extensive, allowing for both long and short positions across diverse asset classes. These include, but are not limited to, high-yield, government, emerging market, and convertible bonds, along with loans, convertible debentures, preferred shares, derivatives, distressed debt, collateralized loan obligations (CLOs), and mortgage-backed securities (MBS). The fund can also incorporate cash equivalents, equities, exchange-traded funds (ETFs), and other mutual funds into its portfolio. The manager's selection process prioritizes securities offering the most attractive risk-adjusted returns. Given its actively managed nature, investors should anticipate potentially higher trading costs. Additionally, holding this fund in a non-registered account may result in taxable distributions.