The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch US Fallen Angel High Yield Index (the "Fallen Angel Index").
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.
Financial Modeling Prep is a new concept that informs you about stock markets information (news, currencies and stock prices).
We always strive to give you the best and most updated information. We also gives you free financial modeling methodology
through our academy. Most investment banking firms follow our guidelines to get discounted cash flow statement of companies to
see if they are undervalued, overvalued or simply at par value. You can find all financial models and valuation techniques
that is used in corporate finance to get companies intrinsic valuation. Most private equity firm use financial modeling for
decision making when it comes to hold, buy or sell a particular stock.