The fund seeks to offer a higher yield than cash instruments while maintaining a low duration by investing primarily in fixed income securities consistent with capital preservation. It invests in individual fixed income securities without restriction as to issuer credit quality, capitalization or security maturity. Though the fund can invest in securities domiciled in foreign countries and denominated in foreign currencies, the fund invests primarily in securities denominated in U.S. dollars issued by issuers domiciled in developed markets.