Strategy. The Fund will normally invest at least 80% of its assets in (i) U.S. government securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies and instrumentalities, (ii) debt securities rated at the time of purchase within the four highest bond rating categories (investment grade) by Moodys Investors Service, Inc. (Moodys), S&P Global Ratings Group, a division of S&P Global Inc. (S&P) or Fitch Ratings Inc. (Fitch), or the equivalent by another nationally recognized statistical rating organization (NRSRO), or, if not rated, determined to be of comparable quality by the Adviser and (iii) Yankee government bonds ?(U.S. dollar obligations issued in the United States by foreign governments) rated at the time of purchase as investment … Show more… The Fund will normally invest at least 80% of its assets in (i) U.S. government securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies and instrumentalities, (ii) debt securities rated at the time of purchase within the four highest bond rating categories (investment grade) by Moodys Investors Service, Inc. (Moodys), S&P Global Ratings Group, a division of S&P Global Inc. (S&P) or Fitch Ratings Inc. (Fitch), or the equivalent by another nationally recognized statistical rating organization (NRSRO), or, if not rated, determined to be of comparable quality by the Adviser and (iii) Yankee government bonds ?(U.S. dollar obligations issued in the United States by foreign governments) rated at the time of purchase as investment grade by Moodys, S&P or Fitch or the equivalent by another NRSRO, or, if not rated, determined to be of comparable quality by the Adviser. While the Fund retains the flexibility to invest in the foregoing securities, it currently expects that its investment portfolio will consist primarily of investment grade corporate bonds. The Fund may also invest up to 20% of its net assets in debt securities rated below investment grade by Moodys, S&P or Fitch or the equivalent by another NRSRO, or, if not rated, determined to be of comparable quality by the Adviser. Securities rated below investment grade are commonly known as junk bonds. The Fund may also invest in convertible securities. The Fund may also invest in securities of foreign issuers, including issuers located in emerging market or developing countries. Securities of such foreign issuers may be denominated in U.S. dollars or in currencies other than U.S. dollars. The Fund will limit its investments in non-U.S. dollar-denominated securities to 30% of the Funds assets. The Fund is not limited as to the maturities of the U.S. Government and other debt securities in which it may invest. In making investment decisions for the Fund, the Adviser considers both domestic and international economic developments, interest rate trends and other factors. The Adviser evaluates technical considerations such as the relative supply of and demand for corporate notes and U.S. Treasury and agencies issues before it decides upon an asset allocation. Similarly, the assessment of the strength of individual companies that issue corporate debt and the overall country risk of sovereign debt obligations contribute to the decision-making process. The Funds investment process incorporates information about environmental, social and governance issues (also referred to as ESG) via an integrated approach within the investment teams fundamental investment analysis framework. The Adviser may engage with management of certain issuers regarding corporate governance practices as well as what the Adviser deems to be materially important environmental and/or social issues facing a company. The Fund may invest up to 20% of its net assets in loan-related investments, such as public bank loans made by banks or other financial institutions and loan participations and assignments, which may be rated investment grade or below investment grade. ? The Fund may, but it is not required to, use derivatives and similar instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Funds use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, swaps and other similar instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. These derivative instruments will be counted toward the Funds 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy. Show less