Update 3 on Hurricane Nate
Hurricane Nate made landfall in the southeastern corner of Louisiana, in the Mississippi delta, and a second landfall near Biloxi, Mississippi, as a Category 1 hurricane. While any hurricane causes destruction in its path, damages from Nate appear moderate. Hence, it will not trigger any bonds in the fund.
Nate has since been weakening rapidly and is downgraded to a tropical depression by the NHC. The depression will, though, cause heavy rain on its northeastern path through the US.