Business Description
The fund focuses on a specific corner of the credit market, putting at least 80% of its assets into the highest-rated portions of collateralized loan obligations ? structured products that pool together corporate loans. These holdings carry a AAA credit rating, meaning they sit at the top of the repayment order and are considered among the safest class of debt available. The fund is actively managed and traded on an exchange, but it concentrates its holdings in a narrow segment of the market rather than spreading risk across a broad range of investments.
