The fund seeks to provide income with the potential for capital gains through an actively managed, diversified portfolio of fixed income securities that are believed to offer attractive risk-adjusted returns. It includes corporate debts, mortgage- and asset-backed securities, debt obligations issued or guaranteed by governments, their agencies and supranational organizations, commercial paper, and loans. The fund may invest in debt securities across countries, maturities, and credit qualities, with an investment grade overall average credit quality. The portfolio advisor adjusts the duration, curve positioning, industry sector weightings, and individual security weightings in each segment of the credit cycle to preserve capital, optimize performance, and potentially enhance returns. The fund may invest up to 100% of its net assets in foreign debt securities, use derivatives for hedging and non-hedging purposes, and hold cash or cash equivalents.