Fund Description

The fund aims to maximize current income while preserving capital through investments primarily in bonds and other debt securities, typically allocating at least 80% of its assets to such instruments. A minimum of 60% of the fund's assets is focused on debt securities rated A3 or better or A- or better by recognized rating organizations, or unrated securities deemed of equivalent quality. It may also invest in U.S. government securities and various derivatives, including futures and swaps. The fund has flexibility to allocate up to 5% of its assets in lower-rated securities. Portfolio management is conducted through a multi-manager strategy, emphasizing long-term investment opportunities based on professional judgment.