| Investment Objective: |
The fund's investment objective is to provide a high level of current income as is consistent with the preservation of capital. The fund invests in a broad range of debt securities, including corporate bonds and debt securities issued by sovereign, quasi sovereign and supranational entities. The fund may also invest in mortgage-backed securities issued by government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government and other asset-backed securities, including debt obligations that represent interests in pools of mortgages or other income bearing assets, such as consumer loans or receivables. This international bond strategy seeks to offer investors access to attractive investment opportunities outside of the U.S. to pursue income and capital preservation. A strategy that focuses on non-U.S. core bonds may help provide diversification from U.S. equities and U.S. fixed income. Generally, the fund will invest at least 40% of its assets outside the United States. The fund may invest up to 15% of assets in bonds rated below investment grade at the time of purchase, including high-yield corporate bonds or those issued by developing country governments and companies |
