| NASDAQ Exchange | United States Country |
The fund is designed to provide investors with diversified exposure to the fixed income market through investments in a variety of sectors, including U.S. investment grade bonds, U.S. high yield bonds, international developed markets, and emerging markets. With a strategy to invest at least 80% of its net assets, in addition to any borrowed funds, in fixed income securities, the fund remains focused on optimizing returns for investors while maintaining a balanced risk profile. The allocation towards emerging markets is cautiously capped at no more than 20% of the fund's net assets to manage the inherent risks associated with these markets.
This service focuses on providing investors with exposure to high quality, investment grade bonds issued within the United States. These securities are considered to carry lower risk compared to high yield bonds, making them an attractive option for conservative investors seeking steady income.
This part of the fund's portfolio targets higher yield, though possibly higher risk, bonds, also known as "junk" bonds. These bonds are issued by companies with lower credit ratings but offer higher interest rates to compensate for the increased risk. It caters to investors willing to tolerate some risk for potentially higher returns.
Investments in this segment allow the fund to diversify across geographies outside of the United States in developed markets. This can offer investors exposure to foreign economies and their bond markets, which may provide different risk/reward profiles compared to U.S. fixed income securities.
Allocations in emerging markets offer the potential for higher returns through investments in countries with developing economies. While these investments carry a higher level of risk due to their volatility and political uncertainties, they are limited to a maximum of 20% of the fund's net assets to manage exposure.