This fund primarily invests in a variety of debt instruments, including mortgage-backed securities (MBS), asset-backed securities (ABS), and other mortgage-related and structured investments. It also allocates capital to adjustable-rate mortgages and shorter-term money market instruments. A significant portion of its assets, specifically at least 80%, will consistently be dedicated to bonds. The fund generally aims to keep its portfolio duration at three years or less, though under certain market conditions, such as periods of high volatility in interest rates and credit spreads, its duration may temporarily extend beyond this target.