Industry description
The investment seeks to maximize total returns through a combination of current income and capital appreciation.
The fund pursues its objective by utilizing a flexible investment approach that, under normal circumstances, invests at least 80% of its net assets in investments across a range of investment opportunities related to income-generating credit securities, with an emphasis on higher volatility, lower-quality debt securities rated below investment grade (commonly known as “junk bonds”) by Moody’s Investors Services, Inc., S&P Global rating and Fitch Ratings, Inc., or unrated securities determined by the Adviser to be of comparable quality.