Industry description
The investment seeks total return consisting of capital appreciation and income.
Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in bonds and other fixed-income securities. It may also invest in derivatives, including forward foreign currency exchange contracts, futures, options, and swaps (including credit default swaps) involving securities, securities indices and interest rates, which may be denominated in the U.S. dollar or foreign currencies.