Fund Description

The fund invests primarily in various types of short-duration debt securities, focusing at least 65% of its net assets on investment-grade debt. Investments include corporate and mortgage-backed securities, asset-backed securities, and U.S. Government securities, with a potential allocation of up to 35% to high-yield debt and other instruments such as loans and structured securities. The fund maintains an average dollar-weighted duration of one to three years to manage interest rate risk and may utilize derivatives like futures and options for hedging and portfolio management. The portfolio is crafted through a relative value-oriented process, combining top-down and bottom-up analyses, while considering ESG factors in investment decisions.