Equity Overview
Price & Market Data
Price: $23.09
Daily Change: +$0.11 / 0.48%
Daily Range: $23.00 - $23.09
Market Cap: $0
Daily Volume: 253,536
Performance Metrics
1 Week: 1.05%
1 Month: -0.73%
3 Months: 1.01%
6 Months: 3.36%
1 Year: -1.74%
YTD: 5.97%
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.