| BATS Exchange | United States Country |
The fund is designed for investors looking to diversify their portfolio through fixed-income securities. With a strategy focusing on both investment and non-investment grade quality fixed-income markets, the fund aims to achieve its investment objective through active allocation. By investing primarily in fixed-income securities or derivatives and other instruments that mimic the economic characteristics of such securities, the fund follows a disciplined approach. It commits at least 80% of its net assets to these instruments under normal circumstances, demonstrating a strong focus on fixed-income assets. This strategic orientation facilitates the pursuit of returns through various market conditions, enhancing the fund's appeal to investors seeking income or looking to balance their investment portfolios with fixed-income exposure.
The core of the fund's products revolves around investments in fixed-income securities. This includes bonds and other debt instruments that provide regular income. By incorporating both investment and non-investment grade securities, the fund offers a blend of risk and return, catering to investors with varying risk appetites. The focus on fixed-income instruments is central to the fund's strategy, aiming to provide stable income and capital preservation over time.
In addition to direct investments in fixed-income securities, the fund diversifies its strategy by engaging in derivatives and other instruments that have economic characteristics similar to such securities. This approach allows the fund to potentially enhance returns, manage risk, and gain exposure to a broader range of assets. It includes the use of futures, options, and swaps that are linked to the performance of fixed-income assets. Through these instruments, the fund seeks to achieve its investment objectives while maintaining a risk-adjusted approach to asset allocation.