Industry description
The investment seeks to maximize total return, consistent with income generation and prudent investment management, while seeking to maintain sustainability uplift through certain climate transition exposure relative to the fund’s benchmark.
The fund invests primarily in non-investment grade bonds with maturities of ten years or less. The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in high yield investments and other financial instruments with economic characteristics similar to such investments.