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Market Risk : The risk of a change in the value of a position as a result of underlying market factors, including among other things, the overall performance of companies and the market perception of the global economy.
Liquidity Risk:
The risk that the Fund may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the Fund s ability to meet redemption requests upon demand.
Credit Risk:
The risk that bond issuers may fail to meet their interest repayments, or repay debt, resulting in temporary or permanent losses to the Fund.