Industry description
The investment seeks a high level of current income and total return.
Under normal circumstances, the portfolio invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in securitized credit investments. The portfolio may invest up to 10% of its assets in securities rated lower than investment grade or unrated securities of comparable quality as determined by the portfolio’s sub-adviser. The portfolio may invest in securities of any maturity or duration.