Fund Description

The fund invests primarily in a globally diversified portfolio of convertible, equity and fixed-income securities, including synthetic convertible instruments, without regard to market capitalization, seeking to balance growth and income. Synthetic convertibles may combine a fixed-income security with the right to acquire an equity security, with components that may have different issuers and may change. Under normal circumstances, it invests internationally with at least 40% in foreign issuers (or at least 30% if conditions are unfavorable), including ADRs; foreign debt may be U.S.-dollar or foreign-currency denominated. ESG factors are considered, and a top-down diversification approach is used to pursue equity-like returns with lower volatility over full market cycles.