| NASDAQ Exchange | United States Country |
The fund is designed for investors seeking a balanced approach to investment-grade fixed-income securities. By primarily focusing on investment-grade assets and allowing a portion of its portfolio to be allocated to below-investment-grade securities, the fund aims to offer a blend of stability and the potential for higher returns. The inclusion of unrated securities which the Adviser believes are of comparable quality to rated investments adds flexibility and breadth to the fund's investment strategy. Moreover, the commitment to invest a significant part of its assets in what it considers bonds underlines the fund's conservative stance, emphasizing fixed income while permitting a degree of latitude to enhance portfolio returns.
This comprises the core of the fund's investments, with at least 80% of net assets invested in these stable and reliable securities. These are bonds issued by entities that are deemed to have a low risk of default, providing a solid foundation for the fund's investment strategy.
Up to 20% of the fund's net assets may be allocated to these higher-yield, higher-risk securities. This segment allows the fund to pursue opportunities for enhanced returns while maintaining a controlled exposure to risk.
The fund also considers investments in unrated securities that the Adviser believes have a similar quality to their rated counterparts. This approach allows for the diversification of investments and the potential for capturing value that may not be reflected in the ratings.
Emphasizing its conservative investment philosophy, the fund commits at least 80% of its net assets, in addition to any borrowings for investment purposes, to fixed income securities it identifies as bonds. This outlines the fund’s primary focus on providing income while also offering a measure of security through fixed income investments.