Fund Description

The fund may principally invest in corporate bonds, U.S. treasury obligations and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities. As a matter of fundamental policy, will invest at least 80% of its Assets in bonds, and under normal circumstances will invest at least 80% of its Assets in core plus bonds. Average weighted maturity ordinarily ranges five to twenty years. Under normal circumstances, at least 70% is investment grade or unrated equivalent, and it will not, under normal circumstances, invest more than 30% of its total assets in below investment grade securities (or the unrated equivalent). It may invest in convertibles, preferreds, loans, foreign and emerging markets debt, use derivatives and dollar rolls, and participate in interfund lending.