Equity Overview
Price & Market Data
Price: $21.64
Daily Change: +$0.0399 / 0.18%
Daily Range: $21.56 - $21.66
Market Cap: $0
Daily Volume: 52,926
Performance Metrics
1 Week: 1.12%
1 Month: 0.51%
3 Months: -2.74%
6 Months: -5.42%
1 Year: -5.21%
YTD: -2.79%
Details
The adviser seeks to achieve the fund’s investment objective by investing in high yield bonds also known as “junk bonds” primarily by purchasing exchange traded funds and applying a credit hedge derivatives strategy to the fund’s investments. Under normal circumstances, the fund will invest at least 80% of its net assets in high yield securities. The fund may invest up to 20% of its portfolio in derivatives.