Description

This fund typically allocates a minimum of 80% of its net assets (including any borrowed capital for investment purposes) to a diverse range of bonds and other income-generating debt instruments. Its primary holdings consist of corporate debt, U.S. Treasury obligations, and supranational agency bonds, with a notable emphasis on corporate issues. The portfolio also has the flexibility to include securities from U.S. government agencies, alongside commercial and residential mortgage-backed securities, and other asset-backed instruments. While predominantly focused on domestic investments, the fund may, to a lesser degree, also hold foreign securities denominated in U.S. dollars.