Equity Overview
Price & Market Data
Price: $23.05
Daily Change: -$0.06 / 0.26%
Range: $23.00 - $23.08
Market Cap: $0
Volume: 166,333
Performance Metrics
1 Week: -0.60%
1 Month: 0.52%
3 Months: -0.17%
6 Months: -0.74%
1 Year: 0.83%
YTD: 5.69%
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.