Strategy

Seeks high risk-adjusted total return by:

  • Investing in predominantly USD-denominated mortgage-related securities and other asset-backed securities

  • Dynamically balancing return-seeking and risk-reducing assets through investments in securitized credit (including high yield) in search of returns when market opportunities are available, and in high-quality bonds such as agency mortgage-backed securities when markets are risk-averse

  • Employing a dynamic, flexible, opportunistic approach that integrates proprietary quantitative research with fundamental analysis

Portfolio Management Team



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Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

  • Allocation risk
  • Corporate debt obligations risk
  • Derivatives risk
  • Fixed-income securities risk
  • Liquidity risk
  • Lower-rated and unrated instruments risk
  • OTC derivatives counterparty risk
  • Portfolio turnover risk
  • Sovereign debt obligations risk
  • Structured investments risk


Fund Literature