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 composed primarily of investment grade fixed-income securities with an average dollar-weighted duration that normally varies between +/- 30% of the Bloomberg Barclays U.S. Aggregate Bond Index.
Investment Suitability:This Fund may be suitable for investors who have a short- to medium-term investment horizon, seek higher returns than those offered by a shorter maturity bond fund, can accept some 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.