The Fund follows a flexible, “go-anywhere” strategy within the credit markets, designed to provide income and capital appreciation over time. Under normal market conditions, the Fund invests at least 80% of its net assets in fixed or floating rate income-producing instruments, with a primary emphasis on corporate bonds and syndicated loans—including floating rate loans—issued by U.S. and international companies. These investments are selected based on the Team’s assessment of attractive risk/reward characteristics.
While the Fund is actively positioned to take advantage of opportunities across global credit markets, it also has the ability to take a defensive stance. In periods of heightened market stress, the Fund may shift its allocation toward cash or more conservative fixed income instruments, such as U.S. Government securities, in an effort to preserve capital.
