Industry description
The investment seeks to maximize total return, consistent with the long-term preservation of capital.
Under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt obligations. It may also invest in futures contracts, options, swaps, and forward contracts to hedge against the decline in the value of certain of the fund’s investments, to manage portfolio duration, or to enhance the fund’s investment returns.