Strategy And Objective

The Fund seeks to provide current income while maintaining limited price volatility. The Fund invests in a variety of high-quality and medium-quality fixed income securities, at least 80% of which will be short- and intermediate-term investment-grade securities. High-quality fixed income securities are those rated the equivalent of A3 or better by Moody s Investors Service, Inc. (Moody s) or another independent rating agency or, if unrated, are determined to be of comparable quality by the Fund s advisor. Medium-quality fixed income securities are those rated the equivalent of Baa1, Baa2, or Baa3 by Moody s or another independent rating agency or, if unrated, are determined to be of comparable quality by the Fund s advisor. Investment-grade fixed income securities are those rated the equivalent of Baa3 and above by Moody s or another independent rating agency or, if unrated, are determined to be of comparable quality by the Fund s advisor. The Fund is expected to maintain a dollar-weighted average maturity of 1 to 4 years.