Description

This fund primarily aims to generate current income for investors. It typically allocates a minimum of 80% of its total assets, which encompasses both net assets and any funds acquired through borrowing, to investment-grade fixed-income securities. To achieve its investment objectives, the fund has the discretion to gain exposure to these core securities indirectly, without restriction, by investing in a range of other pooled investment vehicles, prominently including closed-end funds, exchange-traded funds (ETFs), and other mutual funds. Additionally, the portfolio may hold up to 20% of its assets in preferred stock.