The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in securitized securities. Securitized securities are debt securities that entitle their holders to payments that depend primarily on the assets underlying the securities, and include, but are not limited to, asset-backed securities (ABS), collateralized loan obligations (CLOs), agency and non-agency mortgage-backed securities (MBS), and collateralized mortgage obligations (CMOs). ABS include, but are not limited to, private and multi-class structures, pass-through certificates, and other instruments secured by financial, physical, and/or intangible assets. MBS include, but are not limited to, commercial mortgage-backed securities (CMBS) and credit risk transfer securities (CRTs) issued by government sponsored entities or private issuers.