The investment seeks maximum real return consistent with preservation of real capital and prudent investment management.
The fund primarily invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in Treasury Inflation Protected Securities or "TIPS" of varying maturities. It primarily invests in investment grade debt securities, but may invest up to 10% of the assets in high yield securities. The fund may invest up to 30% of its assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers. The fund is non-diversified.