The investment seeks high total return through income and growth of capital.
The fund invests primarily in debt obligations of U.S. and foreign issuers. Under normal market conditions, at least 80% of the fund's net assets (including the amount of any borrowings for investment purposes) will be invested in investment-grade corporate or government debt obligations, including money market instruments, of issuers located in at least three different countries. It may assume increased credit risk in seeking to achieve higher dividends and/or capital appreciation by investing in below investment-grade fixed-income securities. The fund is non-diversified.