Investment Objective:The Fund seeks current income consistent with preservation of capital.
Investment Strategy:The Fund is actively managed and invests in a diversified portfolio composed primarily of investment grade fixed-income securities with an average dollar-weighted duration that normally varies between one and three years.
Investment Suitability:This Fund may be suitable for investors who have a short-term investment horizon, seek an investment return that is relatively stable 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 decreases and vice versa. Changes in interest rates have a bigger impact on long duration holdings than on short duration holdings. This description of risks is provided as a summary of the principal investment risks associated with this mutual fund. Refers to the Fund's prospectus for more detailed risk information.