| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AAL Avraham A. Levitan Glass Jacobson Investment Advisors LLC | 145,275 | $3.41M | $3.41M | $5,542.08 | 0.16% |
| Financial Services Industry | Financials Sector | - CEO | NASDAQ (NGS) Exchange | 46138J858 CUSIP |
| US Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
This fund is designed for investors looking to put their money into a pool of high yield corporate bonds, commonly referred to as "junk bonds", that are denominated in U.S. dollars. The primary focus of the fund is to invest in securities that are part of the underlying index, which aims to track the performance of U.S. dollar-denominated high yield corporate bonds with maturities or "effective maturities" specifically in the year 2023. The strategy involves allocating at least 80% of the fund's total assets into the securities that make up the underlying index. Through this approach, the fund seeks to offer its investors exposure to the specific segment of the bond market that involves high yield "junk bonds" maturing in 2023.
This product offers investors the opportunity to invest in a diverse portfolio of U.S. dollar-denominated high yield corporate bonds. These bonds, often referred to as "junk bonds," are known for offering higher interest rates due to their higher risk of default compared to investment-grade bonds. The portfolio specifically targets bonds with maturities, or in some instances, "effective maturities" in the year 2023. This targeted investment strategy makes the portfolio an attractive option for investors looking for potentially higher returns within a specific timeframe.
This service involves the fund's commitment to investing at least 80% of its total assets in the securities that comprise the underlying index. The underlying index is tailored to measure the performance of the selected portfolio of U.S. dollar-denominated high yield corporate bonds maturing in 2023. By tracking this index, the fund aims to mirror its performance, thereby providing investors an efficient way to gain exposure to this segment of the bond market. This approach allows for a more focused investment in high yield corporate bonds, offering potential for higher returns associated with the risk profile of these securities.