Looking forward we expect to continue to see strong demand for the asset class over , from a broad range of investors, given the continued low yields available elsewhere and an increased appetite for low duration assets as we start to see rate rises. We also focus on fixed charge coverage, liquidity, and operating cash flow to ensure the amount of leverage is appropriate given the industry sector. These securities have proven to be a stable asset class across a wide range of market cycles. This document does not contain any representations, does not constitute or form part of any solicitation of any offer to sell or invitation to purchase any securities of the Fund, nor shall it or any part of it or the fact of its distribution form the basis of or be relied upon in connection with any contract therefor, and does not constitute a recommendation regarding the securities of the Fund. We are constantly evaluating current spread levels in context of the broader market and any sign of possible individual credit deterioration.
ETFs Tracking Other High Yield Bonds
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