Fund Description

The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds (rated Baa3 or better or BBB- or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined to be of equivalent quality by the fund's investment adviser). It also invests in securities issued or guaranteed by the U.S. government and federal agencies and instrumentalities, and may invest in stocks, bonds, and other securities outside the U.S. Normally it holds at least 50% in common stocks and at least 25% in debt securities, including money market securities, and is not limited by capitalization size. Assets are managed by multiple portfolio managers overseeing segmented portfolios.