The fund invests mainly in a diversified portfolio of bonds, stocks and other investments from issuers around the world, including emerging markets. Specifically, the fund invests in equity and equity related securities of companies as well as a wide range of debt securities of issuers across sectors and credit quality. Portfolio debt securities can include fixed and floating rate bonds, convertible bonds (including, to a limited extent, contingent convertible bonds), warrants and other transferable debt securities of any type, including high yield securities and, to a limited extent, distressed and defaulted bonds.