Description

The fund primarily allocates its capital to a varied portfolio of fixed-income instruments. Its holdings may encompass an extensive range of these credit instruments, including obligations backed by the U.S. government or its various agencies and instrumentalities, inflation-indexed bonds, municipal debt, and non-U.S. securities (with an emphasis on emerging markets). Furthermore, it can hold corporate bonds, short-term commercial paper, mortgage-backed and other asset-backed securities, and direct loans.