Fund Description

The fund seeks to achieve its investment objective by normally investing at least 80% of its assets in Fixed Income Instruments, predominantly those linked to at least three non-U.S. countries. The investments may include forwards or derivatives such as options, futures contracts, or swap agreements, and consist of bonds and other debt securities from both U.S. and non-U.S. entities. It limits net foreign currency exposure to 20% of total assets and may invest without limitation in securities tied to emerging markets. The fund primarily invests in investment grade debt but can allocate up to 10% to high yield securities. It is non-diversified and may utilize various investment techniques, targeting total return from income and capital appreciation.