The prospectus states the Fund seeks to maximize total return, consisting of current income and capital appreciation. At least 80% of net assets plus borrowings go to Credit Investments (a non-fundamental policy) across corporate securities, including distressed debt and DIP loans; structured credit (RMBS, CMBS, CLOs, ABS); whole-loan portfolios; and hard assets such as aviation, shipping and renewable energy, in the US, Europe and emerging markets. A substantial portion may be below investment grade or defaulted. It may use derivatives and hedging and borrow up to one-third of total assets.