Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, including any borrowings for investment purposes, in income-producing securities. It normally invests at least 65% of total assets in investment-grade fixed-income securities and at least 65% of total assets in U.S. dollar-denominated securities. It may invest up to 35% of net assets in below investment-grade securities. It may invest no more than 25% of its total assets in securities of issuers in any one country other than the U.S., and its investments in foreign securities may include emerging markets. It may invest in fixed income of any maturity or duration and uses derivatives extensively, which may create leveraged exposure.