Industry description
The investment seeks return characteristics similar to those of high quality bonds.
The fund will invest at least 80% of its net assets in investment grade U.S. dollar-denominated fixed income instruments. It will primarily invest in U.S. and foreign corporate obligations, fixed income securities issued by sovereigns or agencies in both developed and emerging foreign markets, obligations of supranational entities, debt obligations, and securities. The fund may also invest in futures contracts, options on securities or indexes and swaps, including interest rate swaps, single security swaps, swaps on an index of securities or credit default swaps.