
See exactly how RYHDX'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 objective is to deliver investment returns that closely track the performance of the high yield bond market, before accounting for any fees and operational expenses. It commits a minimum of 80% of its net assets, along with any capital borrowed for investment purposes, to financial instruments engineered to mimic the economic characteristics of the U.S. and Canadian high-yield bond markets, or directly to high-yield debt securities. To gain this market exposure, the fund predominantly invests in derivative instruments like credit default swaps, swaps on exchange-traded funds (ETFs), and bond futures. It is important to note that this fund is not diversified.
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