The investment seeks to provide total return, comprised of current income and capital appreciation. The fund manager intends to pursue its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in debt securities. The manager employs a diversified, multi-sector strategy focused on under-researched areas of the fixed income universe, including sectors not included in benchmark indices, such as structured credit, non-index investment grade corporates, below investment grade corporates, and preferred stock.