| NASDAQ Exchange | United States Country |
The fund is a specialized investment entity that dedicates its portfolio to fixed income securities. This focus encompasses a broad range of financial instruments including corporate bonds, mortgage-backed securities, government, and agency bonds and notes. With an investment strategy that extends to U.S. dollar-denominated instruments issued both domestically and by foreign entities such as banks, branches, and corporations, the fund offers a globally diversified fixed income investment option. It maintains a strong commitment to investing at least 80% of its net asset value, in addition to any borrowed funds for investment purposes, into its core financial instruments either directly or indirectly through other investment companies.
Corporate bonds represent a significant portion of the fund's investments, offering investors exposure to the debt of companies ranging from blue-chip to high-yield, high-risk issuers.
These securities are backed by mortgage loans and provide investors with income through the mortgage interest payments. The fund's investment in these instruments diversifies its income sources and adds a level of security through real estate backing.
Governments and various agencies issue bonds and notes that the fund invests in, providing stable and predictable income with lower risk compared to corporate bonds and other securities.
This category includes bonds and other financial instruments issued by foreign banks, branches, and corporations but denominated in U.S. dollars. It allows the fund to invest in foreign markets while mitigating currency risk.
Part of the fund's strategy involves investing in other investment companies to further diversify its portfolio and tap into the expertise of various fund managers specializing in fixed income securities.