In a market environment of increased uncertainty, funds that provide multi-sector and naturally-hedged exposure can offer attractive opportunities. AllianzGI Convertible & Income 2024 Target Term Fund (CBH) can allocate across three different sectors: convertibles, high-yield, and loans. These sectors taken together provide natural offsets for various growth and inflation outcomes which should allow the portfolio to remain relatively stable versus funds with standalone sector exposure. In addition, the term structure offers a number of risk management such as limited duration and controlled discount volatility. In this article, we take a closer look at