Business Description
The fund puts the vast majority of its money into corporate bonds that are set to mature in 2027, and some of these bonds may give the issuing companies the right to repay them early. At least 80% of the fund's assets, including any borrowed money used for investment, must be held in corporate bonds at all times. Because the fund concentrates its holdings rather than spreading them broadly, it carries a higher level of risk than a more diversified fund would.
