Investment Objective:The Fund seeks maximum total return consistent with preservation of capital.
Investment Strategy:The Fund is actively managed and invests in a diversified portfolio of fixed-income securities with an average dollar-weighted duration that will normally be greater than or equal to seven years.
Investment Suitability:This Fund may be suitable for investors who are seeking higher returns without investing in stocks, can accept short-term fluctuations in account value and want to diversify their portfolio with a fixed income investment option.
This Fund is subject to credit risk and interest rate risk. Interest rate risk means, when interest rates rise, the value of the existing bonds decrease and vice versa. Changes in interest rates have a bigger impact on long duration holdings that on short duration holdings.