Industry description
The investment seeks to maximize total return, consistent with income generation and prudent investment management.
The fund will principally invest in the following securities: corporate bonds, notes and debentures; asset-backed securities; commercial and residential mortgage-backed securities; obligations of non-U.S. governments and supra-national organizations, such as the World Bank, which are chartered to promote economic development; collateralized mortgage obligations; U.S. Treasury and agency securities; cash equivalent investments; when-issued and delayed delivery securities; derivatives; and repurchase agreements, etc.