FLTR - Protect Against Fed Rate Hikes With Floating Rate Notes
- Reducing duration, seeking enhanced yields and targeting less correlated segments of the market are all ways to build a more resilient bond portfolio in the face of rising rates and higher than average inflation.
- FRNs have performed well year-to-date through February 28 in the face of rising rates, with returns that are approximately flat versus a -3.3% loss in the broad U.S. market and -5.2% among fixed rate corporate bonds.
- Investment return and value of the shares of the Fund will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost.
For further details see:
Protect Against Fed Rate Hikes With Floating Rate Notes