The Core Aggregate fund seeks to exceed the total return of the broad, U.S. dollar-denominated investment grade bond market. This includes investment-grade government bonds, investment-trade corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities and asset-backed securities.
The High Yield fund seeks to produce a high total return through high income and capital appreciation by investing in high-yield bonds issued by U.S. and foreign companies.
Both funds are primarily aimed at institutional investors, with a minimum initial investment of $1 million.