Industry description
The investment seeks total return, primarily through current income, while giving special consideration to certain environmental, social and governance ("ESG") criteria.
Under normal circumstances, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in bonds. The fund may invest in fixed-income securities of any maturity or duration. When selecting investments for the Portfolio, the sub-adviser considers certain ESG criteria or a proprietary Impact framework. It may invest up to 40% of its assets in securities of foreign issuers, including those that are located in emerging market countries.