Industry description
The investment seeks to maximize total return, consistent with income generation and prudent investment management, while seeking to maintain certain environmental, governance and social (“ESG”) characteristics, climate risk exposure and climate opportunities relative to the fund’s benchmark.
The fund invests primarily in non-investment grade bonds with maturities of ten years or less. It normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in high yield bonds.