| NASDAQ Exchange | United States Country |
The fund is focused on providing investors with access to a diversified portfolio of fixed-income securities. It primarily targets investment-grade, U.S. dollar-denominated assets to achieve its investment objectives. The fund is strategically diversified by also engaging in investments in high-yield, non-U.S. dollar-denominated, and emerging market fixed-income securities to enhance potential returns while managing risk. A clear policy limits exposure to unhedged non-U.S. dollar-denominated assets and foreign currencies, ensuring a balanced and conservative investment approach.
This forms the core of the fund's investment strategy, focusing on providing stable returns and preserving capital by investing in high-quality, U.S. dollar-denominated bonds.
To enhance returns, the fund allocates a portion of its assets to high-yield bonds, offering higher interest rates due to their lower credit quality compared to investment-grade securities.
While maintaining a conservative posture, the fund seeks additional diversification and potential yield enhancements by investing up to 20% of its total assets in non-U.S. dollar denominated and emerging market fixed-income securities, subject to a normal operating limit of 10% for unhedged non-U.S. dollar positions.