Description

The fund dedicates at least 80% of its net assets, including any capital borrowed for investment purposes, to financial instruments designed to collectively mirror the economic attributes of the U.S. and Canadian high-yield bond markets, or directly into high-yield debt securities. Its primary strategy involves utilizing credit default swaps, swaps based on exchange-traded funds (ETFs), and bond futures to achieve market exposure akin to the high-yield bond sector. This fund operates without diversification.