The investment seeks long-term total return.
Under normal market conditions, the fund seeks to achieve a globally diversified mix of investment exposure to various asset classes by investing in securities, derivative instruments (such as futures, options and swaps), various affiliated and unaffiliated mutual funds, and exchange-traded funds (ETFs). The asset classes in which the fund may invest include fixed-income, equity and commodity-related exposure.
The investment seeks to achieve long-term total return from income and capital appreciation.
The fund invests primarily in fixed-income securities, such as U.S. Treasury bonds, notes and bills, Treasury inflation-protected securities, U.S. Treasury Strips, U.S. government agency securities (primarily mortgage-backed securities), and investment grade corporate debt rated BBB or higher. Under normal market conditions, the duration of the fund's portfolio is expected to range between 1 year and 15 years. It will not invest more than 30% of its net assets in Treasury zero-coupon bonds and Treasury interest strips.