Strategy

Seeks high risk-adjusted returns by:

  • Building a fixed-income portfolio with an average duration of less than four years to reduce sensitivity to credit market sell-offs and interest rate moves

  • Focusing on higher-rated high-yield issuers

  • Employing hedging strategies designed to manage downside risk

Portfolio Management Team



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Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

  • Corporate debt obligations risk
  • Derivatives risk
  • Emerging-markets risk
  • Fixed-income securities risk
  • Lower-rated and unrated instruments risk
  • OTC derivatives counterparty risk
  • Portfolio turnover risk
  • Sovereign debt obligations risk
  • Structured investments risk


Fund Literature