Description

This fund generally allocates at least 80% of its total assets, including any capital obtained through borrowing, to a diverse array of fixed-income instruments denominated in U.S. dollars. Its investments frequently include corporate debt such as bonds, notes, and debentures, alongside holdings in closed-end funds that primarily focus on fixed-income securities (at least 80% of their assets). Securities issued by the U.S. government and its agencies also form a core part of the portfolio.