a stake that has been 1% or less for more than five years. The fund’s credit profile as a result tends to look tame relative to more aggressive intermediate core bond category peers. The hunt ...

and in early 2024 the fund’s cap for junk-bond exposure fell officially to 5% from 10%. Duration has stayed within 0.6 year of the benchmark’s, though it can deviate up to 1.0 year.

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