Industry description
The investment seeks principal preservation and a high degree of liquidity while providing current income.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. dollar-denominated debt securities that the fund's sub-adviser (the Sub-Adviser) believes present minimal credit risks to the fund. It will invest at least 25% of its assets in securities issued by companies in the financial services industry, but may invest less than 25% of its assets in this industry as a temporary defensive measure.