Offers a relatively low management expense ratio of 0.45%, which is competitive compared to many mutual funds.

Provides exposure to a diversified portfolio of floating rate high yield bonds, appealing to investors seeking yield in a low-interest-rate environment.

Widely traded on the TSX, making it accessible to a broad range of investors through various online brokerages.

Complex investment structure involving derivatives, which may not be suitable for all investors and can lead to misunderstandings about risk exposure.

Concerns about the underlying asset quality, as it includes a significant portion of non-investment grade corporate bonds, increasing potential volatility.

Mixed reviews from analysts regarding its suitability as a defensive investment, particularly in uncertain economic conditions.