Under normal circumstances, the Sub-Adviser will invest at least 80 percent of the Fund's net assets plus the amount of borrowings for investment purposes, directly, or indirectly through underlying exchanged-traded funds, in debt obligations. Debt obligations in which the Fund principally invests include securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or sponsored corporations; inflation protected public obligations of the U.S. Treasury; securitized credit securities, such as agency and non-agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, agency and non-agency asset-backed securities and collateralized debt obligations.