Industry description
The investment seeks to provide long-term total return.
The fund seeks to achieve its investment objective by investing in domestic and foreign fixed income securities that the sub-adviser considers to be attractive from a total return perspective. Under normal circumstances, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in fixed-income securities. The fund normally invests in both investment grade fixed income securities and non-investment grade fixed income securities (also known as “junk bonds”).