Description

The fund's main objective is to generate income by acquiring various debt instruments. A minimum of 60% of its assets will typically be committed to higher-quality, investment-grade debt, encompassing corporate bonds, asset-backed securities, mortgage-related securities, and obligations issued by the U.S. government and its agencies. Conversely, the fund has the flexibility to allocate up to 40% of its capital to lower-rated, higher-risk debt instruments, frequently referred to as "junk bonds," along with floating-rate senior loans.