The Fund seeks total return through investments in fixed-income securities.
Under normal market conditions, the Fund invests primarily in bonds (or fixed income securities) which include:
U.S. government securities.
Corporate debt securities issued by U.S. or foreign companies that are in the four highest rating categories of nationally recognized rating agencies such as Moody’s or S&P (“investment grade”).
Investment-grade fixed income securities backed by the interest and principal payments of various types of mortgages, known as mortgage-backed securities.
Investment-grade fixed income securities backed by the interest and principal payments on loans for other types of assets, such as automobiles, houses, or credit cards, known as asset-backed securities.