Description

This fund typically allocates a minimum of 80% of its net holdings to various fixed-income instruments. Up to 35% of its overall portfolio may be directed towards non-investment-grade debt. Additionally, the fund can commit as much as 25% of its total assets to international debt offerings, encompassing those from emerging economies and obligations denominated in currencies other than the U.S. dollar. Its primary focus for investment within the debt sector includes corporate bonds, mortgage-backed and asset-backed securities, syndicated bank loans, government debt from international nations, bonds issued by supranational organizations, and U.S. Treasury securities.