Description

The primary objective of this fund is to deliver a significant level of current income, with capital appreciation serving as a secondary goal. It predominantly invests in debt instruments that offer high yields but are generally of lower credit quality. Specifically, these include securities rated Ba1 / BB+ or below by recognized statistical rating organizations, or those deemed of equivalent quality by the fund's investment adviser if unrated. This allocation encompasses corporate loan obligations. Additionally, the fund retains the flexibility to commit a portion of its capital to securities issued by entities located outside the United States.