
See exactly how JHYFX'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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The fund's core strategy involves dedicating a minimum of 80% of its total capital—including any borrowed funds—to speculative debt instruments that are considered high-yield and inherently high-risk, falling into the category of non-investment grade. This classification encompasses not only formally rated sub-investment grade bonds but also similar unrated securities or other high-income assets that the portfolio managers identify as possessing an attractive balance of risk versus potential reward.
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