Description

The fund primarily aims to invest in debt securities designed to generate income. A significant portion of its portfolio—typically no less than 60%—will be allocated to higher-rated debt instruments. These include various types such as corporate bonds, asset-backed securities, mortgage-related securities, and obligations issued by the U.S. government or its agencies. The fund also has the option to dedicate up to 40% of its holdings to debt instruments that are not considered investment-grade (which are often referred to as high-yield, high-risk, or "junk bonds"), as well as senior floating-rate loans.