The Continuing Fund’s objective is to achieve an attractive level of total return with the majority of the Fund invested in a portfolio of non-government sub-Investment Grade Debt and Debt-Related Securities.
The majority of the Fund will be invested in non-government Sub-Investment Grade Debt and Debt-Related Securities listed or traded on an Eligible Market or OTC Market.
The Fund will invest the majority of its assets in US Dollar denominated Sub-Investment Grade Debt and Debt-Related Securities.
The Fund’s investments may be of any credit quality, and may include securities not paying interest currently and securities in default following purchase.
Under normal conditions the Fund may hold up to 10% of its net assets in ancillary liquid assets.