Description

This fund typically commits at least 80% of its net assets, along with any capital acquired through borrowing for investment, to various debt instruments. Its fixed-income holdings are diverse, encompassing corporate bonds, government notes and bonds, convertible securities, mortgage-backed securities from both commercial and residential sectors, and zero-coupon obligations. The fund may acquire corporate debt from issuers located in a wide range of countries, including the United States. A maximum of 35% of its net assets can also be allocated to higher-yielding, higher-risk debt securities.