The fund may overweight investments in securities indexed to inflation during periods of high or rising inflation, and overweight investments in securities not indexed to inflation during periods of low or falling inflation.
Yield and share price will vary with interest rate changes and the level of real yields may be negative. Deflationary conditions could cause the fund's principal and income to decline in value.
The fund's use of derivatives may expose it to additional volatility in comparison to investing directly in bonds and other debt securities.
For investors who seek income, minimal fluctuations in principal value, and some inflation protection who can accept the risk price declines.