Description: The investment seeks a high level of income. The fund normally invests at least 80% of its assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds). It uses the ICE BofAML BB-B US High Yield Constrained Index¿ as a guide in structuring the fund and selecting its investments as it relates to credit quality distribution and risk characteristics. The fund normally invests primarily in securities rated BB or B by S&P, Ba or B by Moody's, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMRC to be of comparable quality.
Exchange: NYSE ARCA
Country: US
Currency: US Dollar ($)
Category: High Yield Bond
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Bond | 95.41 | 0.00 | 95.41 |
| Cash | 3.57 | 0.36 | 3.20 |
| Other | 1.39 | 0.00 | 1.39 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Japan | 0.00 | 0.00 |
| Latin America | 0.00 | 0.02 |
| North America | 0.00 | 97.42 |
| Asia Developed | 0.00 | 0.00 |
| United Kingdom | 0.00 | 0.01 |
| Europe Developed | 0.00 | 2.54 |