The fund seeks to provide income through an actively managed portfolio of North American debt securities. It primarily invests in investment grade corporate bonds with a term to maturity of five years or less, but may include other debt instruments across maturities and credit qualities, including government obligations. The fund employs various alternative strategies, including a) actively managing the portfolio duration and yield curve exposure based on fundamental and technical analysis of debt markets, b) adjusting sector weights to enhance returns, c) evaluating credit quality to create a portfolio of stable corporate bond holdings, d) short-selling government securities to reduce interest rate sensitivity, e) selecting securities with attractive roll-down characteristics, f) employing hedging strategies, and g) borrowing to enhance returns. The fund may invest up to 100% of its assets in foreign debt securities and hold cash and cash equivalents.