Business Description
This fund tracks an index of lower-rated U.S. corporate bonds, focusing on debt issued in U.S. dollars that is actively paying interest and falls within a specific credit rating range. At least 80% of the fund's assets are kept in the bonds that make up this index, with no single issuer allowed to represent more than 2% of the total. The fund does not follow standard diversification rules, meaning it may be more concentrated than typical investment funds.
