The investment seeks total return.
The fund invests (except when maintaining a temporary defensive position) at least 80% of its net assets in debt securities of government and corporate issuers. It does not limit its investments to a particular credit or ratings category and can invest up to 35% of its net assets in securities rated below investment grade (commonly referred to as "junk bonds"). The fund invests in corporate debt securities of issuers in a number of countries, which may include the United States. It invests in securities of issuers located in developed and emerging market countries. The fund is non-diversified.