Description

The fund generally commits a minimum of 80% of its net assets to fixed-income securities that are rated investment grade, or unrated debt instruments that the Adviser considers to be of equivalent quality. It has the flexibility to allocate up to 20% of its net assets to fixed-income securities with a rating below investment grade, or unrated securities that the Adviser deems to be of comparable credit standing. Furthermore, at least 80% of the fund's net assets, alongside any capital acquired through borrowing for investment purposes, will be invested in fixed-income instruments it classifies as bonds.