The Fund seeks total return, investing at least 80% of its net assets in fixed income securities which include: U.S. government securities, corporate debt securities issued by U.S. or foreign companies that nationally recognized rating agencies such as Moody’s or S&P recognize as 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. The Fund will maintain an average duration of between 1 and 3 years. The Fund may also invest up to 10% of its assets in issues which are rated below Baa3 by Moody’s and/or BBB- by S&P, but have a minimum rating of B3 by Moody’s and/or B- by S&P at the time of investment (high-yield bonds). In addition to these, the Fund may invest in other types of debt securities. The subadviser considers several factors when selecting securities for the Fund’s portfolio, including: an assessment of the future level of interest rates and inflation, expectations for U.S. and global economic growth, relative yields among securities in various market sectors, and yield to maturity, quality, liquidity and capital appreciation potential of individual securities.