Fund Description

The fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may include forwards or derivatives like options and futures. Fixed Income Instruments encompass bonds and debt securities issued by various U.S. and non-U.S. entities. The fund's average portfolio duration will not exceed one year, while its dollar-weighted average portfolio maturity is expected to remain under three years. Primarily investing in investment grade debts, it may allocate up to 10% to high yield securities rated B or higher. Foreign currency exposure is limited to 20%, and it may invest or engage in derivatives, short sales, and when-issued securities without limitation.