The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities and other instruments, including derivatives and exchange-traded funds (ETFs), with economic characteristics similar to such securities. This investment policy may be changed by the Fund upon 60 days prior written notice to shareholders.The Fund seeks to achieve its investment objective by investing primarily in Treasuries, including Treasury inflation protected securities (TIPS), investment grade debt, and high yield debt and by actively managing the Funds overall credit quality and duration exposures. Although the Funds allocation to Treasuries, investment grade debt, and high yield debt may vary widely based on market conditions, the Adviser expects that the Fund will typically invest greater than 75% of its assets in Treasuries and investment grade debt, with potential allocations to high yield debt that typically do not exceed 25% of the Funds assets. The Fund may also invest to a lesser extent in (i) government securities of foreign countries in developed and emerging markets, which the Adviser identifies by reference to Standard & Poors Dow Jones Indices, and supranational entities; (ii) investment grade and high yield corporate debt of U.S., foreign developed market and emerging market companies; and (iii) asset-backed securities, including residential mortgage- backed securities, commercial mortgage-backed securities, and collateralized mortgage obligations (CMOs).