Business Description
This fund focuses on U.S. dollar-denominated corporate bonds from American and Canadian companies that were once considered investment grade but have since been downgraded to below-investment-grade status, commonly known as fallen angels. At least 80% of its net assets, including borrowed funds used for investment, are held in bonds that make up its tracked index. The fund is non-diversified, meaning it may concentrate its holdings more heavily than a typical diversified fund.
