Industry description
The investment seeks to provide total return (capital appreciation plus income).
The fund invests, under normal market conditions, at least 80% of its net assets (plus the amount of borrowings for investment purposes) in fixed income securities and other instruments, such as derivatives and certain investment companies, with economic characteristics similar to fixed income securities. It may invest in futures, primarily interest rate and U.S. Treasury futures, and in swaps, primarily interest rate swaps.