Description

The fund aims for overall investment growth, achieved through a combination of current income generation and capital appreciation. Typically, under normal market conditions, at least 80% of its investable capital is allocated to a diverse portfolio of bonds with varying maturities. Its primary focus is on fixed or floating-rate debt securities issued by foreign corporations and governments, which may be denominated in either U.S. dollars or other international currencies. The fund has the flexibility to invest up to 35% of its total assets in lower-rated or unrated securities. Additionally, it may allocate up to 25% of its net assets to derivative instruments. This fund is categorized as non-diversified.