Description

This fund primarily seeks to generate substantial income by investing in debt instruments. At the time of purchase, these holdings are typically rated below "BBB-" by Standard & Poor's or "Baa3" by Moody's Investors Service, indicating a speculative grade. The portfolio usually comprises a diverse selection of these higher-yielding securities. Furthermore, the fund has the option to allocate up to one-fifth of its net assets to global stock investments.