The Fund's investment objective is to provide current income while also seeking total returns.
Investment Strategy
The Fund seeks to achieve its investment objective by constructing and actively managing a portfolio of investments that provides long and short exposure to selected foreign currencies. The Fund's portfolio will be comprised of short-term fixed income securities and investments in other instruments that provide long and short exposure to the Eligible Currencies selected by the subadviser using the investment process described in the Prospectus. In implementing its investment strategy, the subadviser begins the investment process by investing all or substantially all of the Fund's assets primarily in short-term debt securities, including, but not limited to, foreign sovereign debt securities, securities issued by U.S. Government agencies and instrumentalities, debt obligations of corporate issuers and other debt securities that the subadviser believes are appropriate investments for the Fund (the "Debt Securities"). Following its investment in the Debt Securities, the subadviser generally will make investments in forward contracts and other instruments that provide exposure to selected foreign currencies.