Under normal circumstances, SSGA Funds Management, Inc. (the Adviser or SSGA FM) invests at least 80 percent of the Fund's net assets (plus the amount of borrowings for investment purposes) in a portfolio of investment grade debt securities, including a combination of (i) public credit related investments and (ii) private credit investments including, but not limited to, those sourced by Apollo Global Securities, LLC (Apollo). The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in its 80 percent investment policy. Investment-grade fixed income securities are instruments that are rated at the time of purchase BBB- or higher by S&P Global Ratings and/or Fitch Ratings Inc., or Baa3 or higher by Moody's or equivalent ratings by another registered nationally recognized statistical rating organization (commonly referred to as an NRSRO) or, if unrated by an NRSRO, of comparable quality in the opinion of the Adviser.