As the name suggests, it invests in a mix of government and corporate bonds that have a term to maturity of less than five years. The current mix favours corporate bonds, which make up nearly 60% of the fund. It has a duration of 2.7 years which is considerably shorter than a traditional bond fund, which would be in the ballpark of 6.8 years. It pays a variable monthly distribution that has yielded approximately 1.6% in the past 12 months. While there is the risk it will experience a loss when short term yields move higher, I still expect that over the medium to long term, it will provide returns that outpace its peer group. If you are looking for a way to shorten the duration of your fixed income holdings, this is a great fund to help you do that.