The investment seeks to provide long-term total return. Under normal circumstances, at least 80% of its net assets (including any borrowings for investment purposes) in fixed-income securities. The fund will invest primarily in investment grade fixed income securities. It may invest in securities and other instruments issued by both U.S. and foreign issuers. The fund normally invests in debt securities with a maturity of at least one year and maintains an average duration within 1.5 years of it's benchmark index.