Description

The fund's core mission is to deliver significant current income along with strong overall returns to its investors. Under typical market conditions, at least four-fifths of its portfolio will be invested in high-quality, investment-grade debt instruments. Furthermore, the fund aims to keep its effective duration – a key indicator of interest rate risk – within a two-year range, either above or below, the duration of the Bloomberg Barclays U.S. Aggregate Bond Index. A substantial portion, specifically no less than 80%, of the fund's assets will be dedicated to a variety of fixed-income securities, encompassing sovereign and corporate debt, mortgage-backed and asset-backed securities, as well as bonds denominated in non-U.S. currencies and those issued in U.S. dollars by foreign entities.