Fund Description

The fund aims to invest a minimum of 80% of its net assets in bonds, debentures, and other fixed income securities, including a significant portion in high-yield securities rated BB/Ba or lower, or unrated but of comparable quality. Investment categories include U.S. high-yield and investment-grade securities, convertible securities, and foreign securities. The fund can allocate assets substantially within these categories and may invest up to 20% in equity securities and 15% in floating or adjustable rate loans. Derivatives may be used for hedging, return enhancement, and portfolio management. The portfolio management team employs bottom-up analysis, diversifies investments to reduce risk, and considers ESG factors in decision-making.