The fund-of-funds seeks to provide diversified fixed income exposure. It primarily invests directly or indirectly in Canadian fixed income securities, including investment grade and high-yield bonds of any maturity. The portfolio may include senior loans, asset- and mortgage-backed securities, floating-rate debts, and other income-producing securities. The fund may invest up to 100% of its assets in reference funds using a strategic asset allocation approach. The sub-advisor monitors and tactically makes changes to the reference funds, which includes adjusting the percentage invested in each asset class or reference funds based on market outlook. The fund may invest up to 40% of its assets in junk bonds, up to 40% in foreign fixed income securities, and a portion in cash, government bonds, short-term debts, or money market securities for defensive purposes. Additionally, the fund may enter into securities lending and use derivatives for hedging and non-hedging purposes.