Fund Description

The fund allocates at least 80% of its net assets, including any investment borrowings, to investment grade fixed-income securities such as bonds, notes, and loans, as defined by ratings from major agencies like Moody's, Fitch, or S&P. It may also invest up to 15% in below investment grade fixed-income securities. The fund's investment approach focuses on securities with improving credit profiles, those sensitive to issuer-specific events, and varying yields across economic sectors. It may hold up to 30% in U.S. dollar-denominated foreign securities and can invest in various instruments, including corporate and government securities, mortgage-backed securities, and derivatives for hedging and investment purposes.