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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:
Strategy
Seeks to provide a high level of current income consistent with preservation of capital by:
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Employing a US dollar-denominated multi-sector bond approach in search of the best opportunities
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Dynamically balancing credit and duration through investments in high yield and emerging market sectors to enhance income and dampen interest-rate risk, and in high-quality government bonds to alleviate credit risk when markets are stressed
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Limiting exposure to below investment-grade rated bonds to 50% and avoiding CCC-rated issuers
Portfolio Management Team
Investment Risks to Consider
These and other risks are described in the Fund’s prospectus
- Corporate debt obligations risk
- Derivatives risk
- Emerging-markets risk
- Fixed-income securities risk
- Focused portfolio risk
- Liquidity risk
- Lower-rated and unrated instruments risk
- OTC derivatives counterparty risk
- Portfolio turnover risk
- Sovereign debt obligations risk
- Structured investments risk