
See exactly how IIBAX's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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Ordinarily, the fund commits at least 80% of its total assets (including any capital acquired through borrowing) to a diverse array of fixed-income securities. These investments primarily encompass bonds issued by corporations, governmental entities, and those backed by mortgages, although the fund is not confined solely to these types. A key criterion is that, at the moment of purchase, these bonds must possess an investment-grade credit rating. This typically means a rating of at least BBB- from S&P Global Ratings or Baa3 from Moody's Investors Service, or an equivalent assessment from any…
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