The fund’s investment objective is to provide current income, consistent with a short duration profile as described in the prospectus and with the preservation of capital. Distinguishing Characteristics The fund will invest primarily in bonds (bonds include any debt instrument and cash equivalents, and may be represented by derivatives). The fund consists primarily of debt securities rated BBB- (or Baa3) or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser or unrated but determined to be of equivalent quality by the fund's investment adviser.