ICE BofA US HY Constnd TR USD
Open Ended Investment Company
The investment objective of the US High Yield Bond Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management. The Fund invests at least two-thirds of its total net assets in a diversified portfolio of high yield Fixed Income Instruments that are rated lower than Baa by Moody’s or lower than BBB by S&P or equivalently rated by Fitch. In normal market conditions the Fund may invest up to 30% of its total net assets in high yield Fixed Income Instruments that are rated Caa or lower by Moody’s or CCC or lower by S&P or equivalently rated by Fitch (or, if unrated, determined by the Investment Advisor to be of comparable quality).
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