The fund is actively managed and follows a strategy that involves a diversified portfolio of government-issued and investment grade corporate bonds. It aims to maintain a weighted average credit rating of BBB- or higher. The fund has the flexibility to invest in a wide range of fixed income securities, with a maximum allocation of 25% to non-investment grade rated securities. Unrated securities are assessed by the portfolio adviser. Additionally, the fund invests in various debt and fixed income securities and debt-like instruments. The portfolio adviser utilizes a total return portfolio approach, employing fundamental and technical analysis of the debt markets. The strategy also includes the use of derivatives, investment in foreign securities outside of North America up to 49% of its assets, and holding cash and cash equivalents for strategic reasons.