| NASDAQ Exchange | United States Country |
The company in description is a fund that focuses on generating total return primarily through investments in fixed income securities. This fund targets both U.S. and foreign issuers and primarily invests in investment-grade bonds that are denominated in U.S. dollars. The bonds include a wide variety, ranging from government and corporate bonds to securitized bonds such as mortgage- and asset-backed securities. The fund is designed to have at least 80% of its net assets invested in fixed income securities under normal circumstances. Additionally, it explores the use of derivative instruments like options, futures, and swap agreements to achieve its investment objective.
These are debt securities issued by a government to support government spending and obligations. They include Treasury bills, notes, and bonds in the case of the United States, and offer a secure investment option with lower risk compared to others.
Corporate bonds are debt securities issued by corporations to fund operations, projects, or expansion. They typically offer higher yields than government securities but come with higher risk, reflecting the corporate issuer's creditworthiness.
These are types of bonds that are backed by pools of assets, typically loans or receivables. The common examples include mortgage-backed securities (MBS) and asset-backed securities (ABS). Securitized bonds diversify the risk by pooling various types of assets, making them an attractive option for investors looking for balance between risk and return.
Derivative instruments such as options, futures, and swap agreements are used by the fund to potentially enhance returns or hedge against investment risks. These financial contracts derive their value from the performance of an underlying asset, index, or rate. The fund's investment in derivatives adds a layer of complexity and strategy, aiming to achieve its total return objective through various market conditions.