
See exactly how RSYYX'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 primary goal is to generate current income, with capital appreciation as a secondary objective. It principally allocates its capital to various debt instruments, including high-yield corporate bonds and convertible bonds. These investments must carry a sub-investment grade rating from nationally recognized statistical ratings organizations at the point of acquisition. Should a security be unrated, Park Avenue Institutional Advisers LLC, the fund's sub-adviser, evaluates it to ensure it possesses comparable credit quality. Typically, a minimum of 80% of the fund's total assets are…
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