Industry description
The investment seeks to maximize total returns.
The fund seeks to maximize total returns from a universe of U.S. and foreign corporate debt securities with an investment grade credit rating. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in fixed income securities considered to be investment grade quality. In addition, the Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes, and obligations of federal agencies and instrumentalities.