Description

The fund's primary objective is to achieve the greatest possible long-term total return. To accomplish this, it typically commits at least 80% of its net assets to high-quality fixed income securities, including those with an investment-grade rating or unrated instruments assessed by the Adviser as having comparable creditworthiness. A smaller portion, specifically up to 20% of its net assets, may be allocated to debt instruments rated below investment grade or unrated securities that the Adviser deems to be of similar quality. Furthermore, the fund allocates a minimum of 80% of its net assets, plus any funds acquired through borrowing for investment purposes, to fixed income securities categorized as bonds.