The Fund seeks to achieve its investment objective by investing in securities that Wellington Management Company LLP (Wellington Management), the Funds sub-adviser, considers to be attractive giving consideration to both yield and total return. The Fund normally invests in investment grade securities. The Fund may invest up to 35 percent of its net assets in non-investment grade fixed income securities (also referred to as junk bonds). The Fund may also invest up to 35 percent of its net assets in bank loans or loan participation interests in secured or unsecured variable, fixed or floating rate loans to U.S. and foreign corporations, partnerships and other entities (Bank Loans). The Funds investments in non-investment grade Bank Loans and other non-investment grade fixed income securities in the aggregate are not expected to exceed 35 percent of the Funds net assets. Under normal circumstances, the Fund will invest at least 80 percent of its net assets in fixed income securities, including Bank Loans.