Equity Overview
Price & Market Data
Price: $23.12
Daily Change: +$0.045 / 0.19%
Range: $23.06 - $23.40
Market Cap: $0
Volume: 58,793
Performance Metrics
1 Week: 0.65%
1 Month: 0.43%
3 Months: 3.40%
6 Months: -1.95%
1 Year: 1.05%
YTD: 5.91%
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.