Description

The fund primarily directs a minimum of 80% of its net assets, supplemented by any funds borrowed for investment purposes, into a range of fixed-income instruments. These instruments span various categories such as corporate bonds, government notes and bonds, convertible securities, mortgage-backed securities (both commercial and residential), and zero-coupon obligations. It targets corporate debt issued by entities in numerous countries globally, which may include those domiciled in the United States. Furthermore, the fund has the discretion to allocate up to 35% of its net assets to debt securities characterized by higher yields and elevated risk.