Investment Objective: |
The Fund invests at least 80% of its net assets in bonds of U.S. issuers, including government, corporate debt, mortgage-backed and asset-backed securities. Bonds include debt obligations of any maturity, such as bonds, notes, bills and debentures. U.S. issuers include entities whose securities are listed or traded principally on a recognized stock exchange or over-the-counter market in the U.S. that derive 50% or more of their total revenue from either goods or services produced or sales made in the U.S. that have 50% or more of their assets in the U.S. or that are organized under the laws of, or with principal offices in, the U.S. The Fund invests predominantly in investment grade debt securities and, under normal market conditions, is generally expected to have sector, credit and duration exposures comparable to the Bloomberg U.S. Aggregate Bond Index, the Funds benchmark index. |