Description

This fund is primarily focused on fixed-income investments, typically allocating at least 80% of its total assets—including any capital borrowed for investment purposes—to bonds. Its portfolio may encompass a broad spectrum of debt instruments, such as corporate bonds, government notes, convertible bonds, commercial and residential mortgage-backed securities, and zero-coupon offerings. The fund has a global mandate for corporate debt, investing in securities issued by companies across numerous countries worldwide, which may also include those based in the United States. Additionally, it has the flexibility to commit up to 35% of its net assets to higher-risk, high-yield debt securities.