Description

This fund's primary objective is to invest predominantly in fixed-income securities, typically committing a minimum of 80% of its total assets—including any funds borrowed for investment purposes—to these instruments. The portfolio is diversified across a broad spectrum of debt types, including but not limited to corporate bonds, government notes, convertible bonds, commercial and residential mortgage-backed securities (MBS), and zero-coupon bonds. It actively seeks global exposure, investing in corporate debt issued by entities located in various countries, with the potential for allocations within the United States. Additionally, the fund maintains the option to invest up to 35% of its net assets in higher-yielding, speculative-grade debt instruments.