The Fund is actively managed and will not seek to replicate the performance of an index. Under normal market conditions, the Fund intends to invest at least 80 percent of its net assets (plus the amount of borrowings for investment purposes) in investment grade, intermediate term securities. The term taxable in the Funds name refers to taxable fixed income instruments and the term quality in the Funds name refers to investment grade securities. These investment grade, intermediate term securities will be U.S. Treasuries, Treasury Inflation Protected Securities (TIPS), Floating Rate Notes (FRN), U.S. agency bonds, U.S. agency mortgage backed securities, U.S. dollar denominated investment grade foreign (non U.S.) government issued debt securities, domestic and foreign investment-grade corporate bonds, domestic commercial mortgage backed securities, domestic commercial asset backed securities, and domestic preferred securities, all with a weighted average duration of no more than 150 percent of Bloomberg Intermediate U.S. Gov/ Credit Index or less than 50 percent of the Bloomberg Intermediate U.S. Gov/ Credit Index. The Bloomberg Intermediate U.S. Gov/ Credit Index had a weighted average maturity of 4.21 years and a weighted average duration of 3.78 years as of December 31, 2023.