Description

The fund is primarily dedicated to deploying at least 80% of its capital into a diverse array of fixed-income instruments spanning various maturities. This exposure can also be achieved through derivative instruments like options, futures contracts, or swap agreements. The portfolio has the flexibility to encompass both higher-quality, investment-grade debt and more speculative, high-yield securities (often referred to as "junk bonds"). However, its holdings in securities rated below B- by major credit agencies (Moody's, S&P, or Fitch) or deemed of comparable quality by PIMCO, are restricted to a maximum of 50% of its total assets.