The fund casts a very wide net with its investment objective by holding a variety of fixed income securities with varying maturities, which include global investment grade debt securities, high yield securities and floating rate debt. The fund limits allocations to non-investment grade securities to 25% of the funds value. A top-down perspective and bottom up approach is used for security selection, while also considering economic factors that shape the fixed income markets. When buying and selling securities for the fund, factors such as securitys features and estimated long term value, credit quality, fundamental strength, and short-term trading opportunities from market inefficiencies are also used. Foreign currency exposure is limited to 10% of the fund.