The fund generally dedicates at least 80% of its net assets, combined with any borrowed capital for investment, to a broad spectrum of fixed-income securities. This diverse portfolio typically includes corporate bonds from both U.S. and international companies, as long as they are payable in U.S. dollars. It also holds short-duration debt instruments, securities backed by mortgages and other assets, and dollar-denominated bonds issued by foreign governments (including their agencies and related entities).
