NYSE ARCA | ETF
The fund invests generally in a diversified portfolio of securities of unaffiliated exchange-traded funds (ETFs or underlying funds).
Underlying funds will invest in income producing securities, including money market funds, corporate securities and municipal debt of any rating.
Under normal market conditions, it will invest primarily in underlying funds focusing on investment grade and high yield corporate bonds; asset-backed and mortgage-back securities; emerging markets securities; United States government securities; sovereign debt; and preferred securities.
Top 9 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SHYG | iShares 0-5 Year High Yield Corporate Bond ETF | 15.76% | ||
| SRLN | SPDR Blackstone Senior Loan ETF | 15.42% | ||
| SJNK | SPDR® Bloomberg Short Term High Yield Bond ETF | 15.27% | ||
| EBND | SPDR® Bloomberg Emerging Markets Local Bond ETF | 14.94% | ||
| PULS | PGIM Ultra Short Bond | 13.97% | ||
| TLT | iShares 20+ Year Treasury Bond ETF | 12.29% | ||
| PIM | Putnam Master Intermediate Income Trust | Financial Services | Asset Management | 6.16% |
| HYEM | VanEck Emerging Markets High Yield Bond ETF | 4.45% | ||
| FGXXX | First American Funds Inc. - Government Obligations Fund | null | null | 1.74% |