Credit Quality |
Percent |
A+ |
0.06% |
A |
0.82% |
BBB+ |
11.76% |
BBB |
28.27% |
BBB- |
41.11% |
BB+ |
8.61% |
BB |
6.62% |
BB- |
1.56% |
B- |
0.80% |
NR |
0.39% |
The credit quality and ratings information presented above reflect the ratings assigned by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest rating is used. Sub-investment grade ratings are those rated BB+/Ba1 or lower. Investment grade ratings are those rated BBB-/Baa3 or higher. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change.