Description

The fund predominantly invests in common stocks of companies located both domestically and internationally, with its foreign equity exposure potentially including those in emerging markets. It also has the option to allocate capital to various debt instruments. These fixed-income holdings can encompass U.S. Treasury notes and bonds, corporate debt rated as investment grade, convertible bonds, and even speculative, below-investment-grade securities often referred to as "high-yield" or "junk" bonds. The fund operates as a non-diversified portfolio.