The fund's portfolio is divided into two segments. The first segment makes up at least 75 percent of the fund and is invested in a broad range of investment grade debt securities like U.S. Treasury and Agency securities, corporate bonds and mortgage-backed securities. The second segment seeks enhanced returns through investments in illiquid or non-investment grade securities that will not make up more than 25 percent of the fund's assets. Currently, this segment is less than 5 percent of the portfolio. This fund may be suitable for investors who want a general bond fund and can take on slightly higher risk in return for potentially higher yields.
Returns shown here reflect a voluntary waiver of part of the investment management fee.
The waiver will remain in effect until July 1, 2006. If there had been no waiver, total returns would have been lower. Past performance doesn't guarantee comparable returns in the future. Both returns and the value of your invested principal will fluctuate, and at redemption your shares may be worth either more or less than you originally paid.