Industry description
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.
The fund normally invests at least 80% of its net assets in a portfolio of U.S. and foreign fixed income instruments of varying maturities including (but not limited to): mortgage- and other asset-backed securities; obligations issued or guaranteed by the U.S. government, its agencies and instrumentalities; corporate debt securities of U.S. and non-U.S. issuers; floating and variable rate debt instruments; structured notes; bank certificates of deposit and fixed time deposits and bankers’ acceptances; etc.