Our high-yield bond strategy prioritizes safety margins and value investing, seeking imbalances between risk and return. The credit market often involves intense speculation, with divergent views on bond issuers' repayment and operational capabilities, or events that trigger intense market sentiment. Such differences in perception or sentiment can lead to significant price volatility. When credit bond prices fall significantly below intrinsic value, we seek high-value investment opportunities through in-depth research and portfolio strategies while ensuring liquidity. We focus only on short-term securities in the secondary market to control liquidity and downside risks while aiming for high future growth.