Description

The fund's objective is to achieve an above-average total return within a market cycle spanning three to five years. It typically allocates 80% of its capital to fixed income securities. These investments predominantly comprise a diverse selection of U.S. dollar-denominated, investment-grade instruments, encompassing government bonds, corporate debt, municipal bonds, and both mortgage-backed and asset-backed securities. The portfolio generally aims for an average weighted maturity between five and ten years. The fund has the discretion to employ derivative instruments for various ends, including but not limited to hedging, risk management, overall portfolio administration, or income enhancement.