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<xbrl
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  xmlns:dei="http://xbrl.sec.gov/dei/2023"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
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  xmlns:us-gaap="http://fasb.org/us-gaap/2023"
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  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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    <context id="P02_23_2024To02_23_2024">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000759828</identifier>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_OperationalAndCybersecurityRiskMembercefRiskAxis">
        <entity>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_MarketDiscountRiskMembercefRiskAxis">
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        <period>
            <startDate>2024-02-23</startDate>
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    <context id="P02_23_2024To02_23_2024_LeverageRiskMembercefRiskAxis">
        <entity>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_FixedIncomeSecuritiesRiskOneMembercefRiskAxis">
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            <startDate>2024-02-23</startDate>
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    <context id="P02_23_2024To02_23_2024_ESGIntegrationRiskMembercefRiskAxis">
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            <startDate>2024-02-23</startDate>
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        <period>
            <startDate>2024-02-23</startDate>
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        <period>
            <startDate>2024-02-23</startDate>
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    <context id="P02_23_2024To02_23_2024_BradyBondsRiskMembercefRiskAxis">
        <entity>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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        <entity>
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            <startDate>2024-02-23</startDate>
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    <context id="P02_23_2024To02_23_2024_EquitySecuritiesRiskMembercefRiskAxis">
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            <startDate>2024-02-23</startDate>
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        <period>
            <startDate>2024-02-23</startDate>
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            <startDate>2024-02-23</startDate>
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        <entity>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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            <segment>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_StrategyRisksMembercefRiskAxis">
        <entity>
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            <segment>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
        </period>
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    <context id="P02_23_2024To02_23_2024_AntiTakeoverProvisionsMembercefRiskAxis">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">jhit:AntiTakeoverProvisionsMember</xbrldi:explicitMember>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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        <entity>
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            <segment>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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        <entity>
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            <segment>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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        <entity>
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            <segment>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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        <entity>
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            <segment>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
        </period>
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    <context id="P02_23_2024To02_23_2024_IlliquidAndRestrictedSecuritiesRiskMembercefRiskAxis">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">jhit:IlliquidAndRestrictedSecuritiesRiskMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
        </period>
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    <context id="P02_23_2024To02_23_2024_LowerRatedAndHighYieldFixedIncomeSecuritiesRiskMembercefRiskAxis">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">jhit:LowerRatedAndHighYieldFixedIncomeSecuritiesRiskMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_MortgageBackedAndAssetBackedSecuritiesRiskMembercefRiskAxis">
        <entity>
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            <segment>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
        </period>
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    <context id="P02_23_2024To02_23_2024_CurrencyRiskMembercefRiskAxis">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">jhit:CurrencyRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
        </period>
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    <context id="P02_23_2024To02_23_2024_RepurchaseAgreementRiskMembercefRiskAxis">
        <entity>
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            <segment>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
        </period>
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    <context id="P02_23_2024To02_23_2024_ReverseRepurchaseAgreementRiskMembercefRiskAxis">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">jhit:ReverseRepurchaseAgreementRiskMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    </context>
    <context id="P02_23_2024To02_23_2024_SovereignDebtObligationsRiskMembercefRiskAxis">
        <entity>
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            <segment>
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        </entity>
        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_USGovernmentSecuritiesRiskMembercefRiskAxis">
        <entity>
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            <segment>
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        <period>
            <startDate>2024-02-23</startDate>
            <endDate>2024-02-23</endDate>
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    <context id="P02_23_2024To02_23_2024_CommonSharesMemberusgaapStatementClassOfStockAxis">
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        <period>
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    <context id="P02_23_2024To02_23_2024_BusinessContactMemberdeiEntityAddressesAddressTypeAxis">
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    <context id="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis">
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        <period>
            <startDate>2021-11-01</startDate>
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    <context id="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis">
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    <context id="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis">
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    <context id="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis">
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    <context id="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis">
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    <context id="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis">
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    <context id="P10_31_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis">
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            <endDate>2023-10-31</endDate>
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    <unit id="Unit_pure">
        <measure>pure</measure>
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    <unit id="Unit_USD">
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    <dei:EntityCentralIndexKey contextRef="P02_23_2024To02_23_2024" id="ixv-20096">0000759828</dei:EntityCentralIndexKey>
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    <dei:EntityRegistrantName contextRef="P02_23_2024To02_23_2024" id="ixv-20489">JOHN HANCOCK INVESTORS TRUST</dei:EntityRegistrantName>
    <dei:EntityAddressAddressLine1 contextRef="P02_23_2024To02_23_2024" id="ixv-20490">200 Berkeley Street</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="P02_23_2024To02_23_2024" id="ixv-20491">Boston</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="P02_23_2024To02_23_2024" id="ixv-20492">MA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="P02_23_2024To02_23_2024" id="ixv-20493">02116-2805</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="P02_23_2024To02_23_2024" id="ixv-20494">800</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="P02_23_2024To02_23_2024" id="ixv-20495">225-6020</dei:LocalPhoneNumber>
    <dei:ContactPersonnelName
      contextRef="P02_23_2024To02_23_2024_BusinessContactMemberdeiEntityAddressesAddressTypeAxis"
      id="ixv-20496">Christopher Sechler, Esq.</dei:ContactPersonnelName>
    <dei:EntityAddressAddressLine1
      contextRef="P02_23_2024To02_23_2024_BusinessContactMemberdeiEntityAddressesAddressTypeAxis"
      id="ixv-20497">200 Berkeley Street</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="P02_23_2024To02_23_2024_BusinessContactMemberdeiEntityAddressesAddressTypeAxis"
      id="ixv-20498">Boston</dei:EntityAddressCityOrTown>
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      contextRef="P02_23_2024To02_23_2024_BusinessContactMemberdeiEntityAddressesAddressTypeAxis"
      id="ixv-20499">MA</dei:EntityAddressStateOrProvince>
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      contextRef="P02_23_2024To02_23_2024_BusinessContactMemberdeiEntityAddressesAddressTypeAxis"
      id="ixv-20500">02116-2805</dei:EntityAddressPostalZipCode>
    <dei:ApproximateDateOfCommencementOfProposedSaleToThePublic contextRef="P02_23_2024To02_23_2024" id="ixv-20501">From time to time after the effective date of this Registration Statement.</dei:ApproximateDateOfCommencementOfProposedSaleToThePublic>
    <dei:DividendOrInterestReinvestmentPlanOnly contextRef="P02_23_2024To02_23_2024" id="ixv-104">true</dei:DividendOrInterestReinvestmentPlanOnly>
    <cef:PrimaryShelfFlag contextRef="P02_23_2024To02_23_2024" id="ixv-20502">true</cef:PrimaryShelfFlag>
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    <dei:NewEffectiveDateForPreviousFiling contextRef="P02_23_2024To02_23_2024" id="ixv-20506">false</dei:NewEffectiveDateForPreviousFiling>
    <dei:AdditionalSecurities462b contextRef="P02_23_2024To02_23_2024" id="ixv-20507">false</dei:AdditionalSecurities462b>
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    <dei:ExhibitsOnly462d contextRef="P02_23_2024To02_23_2024" id="ixv-20509">false</dei:ExhibitsOnly462d>
    <cef:RegisteredClosedEndFundFlag contextRef="P02_23_2024To02_23_2024" id="ixv-20510">true</cef:RegisteredClosedEndFundFlag>
    <cef:BusinessDevelopmentCompanyFlag contextRef="P02_23_2024To02_23_2024" id="ixv-20511">false</cef:BusinessDevelopmentCompanyFlag>
    <cef:IntervalFundFlag contextRef="P02_23_2024To02_23_2024" id="ixv-20512">false</cef:IntervalFundFlag>
    <cef:PrimaryShelfQualifiedFlag contextRef="P02_23_2024To02_23_2024" id="ixv-20513">true</cef:PrimaryShelfQualifiedFlag>
    <dei:EntityEmergingGrowthCompany contextRef="P02_23_2024To02_23_2024" id="ixv-20514">false</dei:EntityEmergingGrowthCompany>
    <cef:NewCefOrBdcRegistrantFlag contextRef="P02_23_2024To02_23_2024" id="ixv-20515">false</cef:NewCefOrBdcRegistrantFlag>
    <cef:PurposeOfFeeTableNoteTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-1981">&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The purpose of the table below is to help you understand all fees and expenses that you, as a Common Shareholder, would bear directly or indirectly. In &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;accordance with SEC requirements, the table below shows the fund&#x2019;s expenses as a percentage of its average net assets as of October 31, 2023&#160;, and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;not as a percentage of total assets. By showing expenses as a percentage of average net assets, expenses are not expressed as a percentage of all of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the assets in which the fund invests. The offering costs to be paid or reimbursed by the fund are not included in the Annual Expenses table below. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;However, these expenses will be borne by Common Shareholders and may result in a reduction in the NAV of the Common Shares. See &#x201c;Management of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the Fund&#x201d; and &#x201c;Dividend Reinvestment Plan.&#x201d; The table and example are based on the fund&#x2019;s capital structure as of October 31, 2023&#160;.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;/div&gt;</cef:PurposeOfFeeTableNoteTextBlock>    <cef:ShareholderTransactionExpensesTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-1993">
&lt;table cellpadding="0" cellspacing="0" style="border-bottom: 0.5pt solid rgb(217, 217, 217); empty-cells: show; width: 558pt; border-spacing: 0px;"&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Shareholder Transactio&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;n&lt;/div&gt; Expenses (%)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; white-space: nowrap; width: 42pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:0.5pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:19.64pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:19.64pt"&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Sales load (as a percentage of offering price)&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;;display:inline;"&gt;1&lt;/div&gt; &lt;div style="clear:right"&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Offering expenses (as a percentage of offering price)&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;;display:inline;"&gt;1&lt;/div&gt; &lt;div style="clear:right"&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:11.5pt"&gt;
&lt;td style="padding-bottom: 2pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:10pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Dividend Reinvestment Plan fees&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;;display:inline;"&gt;2&lt;/div&gt; &lt;div style="clear:right"&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"&gt; &lt;div style="line-height:10pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:19.64pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:19.64pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 19.64pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;None&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div&gt; &lt;div style="clear:both;margin-top:0.5pt;position:relative;width:100%"&gt; &lt;div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;1&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;If Common Shares are sold to or through underwriters, the Prospectus Supplement will set forth any applicable sales load and the estimated offering expenses.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; line-height: 9.5pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt; &lt;/div&gt; &lt;div&gt; &lt;div style="clear:both;margin-top:0.0pt;position:relative;width:100%"&gt; &lt;div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Participants in the fund&#x2019;s dividend reinvestment plan do not pay brokerage charges with respect to Common Shares issued directly by the fund. However, whenever &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shares are purchased or sold on the NYSE or otherwise on the open market, each participant will pay a pro rata&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt; p&lt;/div&gt;ortion of brokerage trading fees, currently &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$0.05 per share purchased or sold. Brokerage trading fees will be deducted from amounts to be invested. Shareholders participating in the Plan may buy additional &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shares of the fund through the Plan at any time and will be charged a $5 transaction fee plus $0.05 per share brokerage trading fee for each order. See &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;Distribution Policy&#x201d; and &#x201c;Dividend Reinvestment Plan.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; line-height: 9.5pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt; &lt;/div&gt; </cef:ShareholderTransactionExpensesTableTextBlock>    <cef:BasisOfTransactionFeesNoteTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-20516">as a percentage of offering price</cef:BasisOfTransactionFeesNoteTextBlock>
    <cef:SalesLoadPercent
      contextRef="P02_23_2024To02_23_2024"
      id="Fact_101716919"
      unitRef="Unit_pure"
      xsi:nil="true"/>
    <cef:BasisOfTransactionFeesNoteTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-20518">as a percentage of offering price</cef:BasisOfTransactionFeesNoteTextBlock>
    <cef:OtherTransactionExpensesPercent
      contextRef="P02_23_2024To02_23_2024"
      id="Fact_101716920"
      unitRef="Unit_pure"
      xsi:nil="true"/>
    <cef:DividendReinvestmentAndCashPurchaseFees
      contextRef="P02_23_2024To02_23_2024"
      decimals="0"
      id="Fact_101716698"
      unitRef="Unit_USD">0</cef:DividendReinvestmentAndCashPurchaseFees>
    <cef:AnnualExpensesTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-2039">
&lt;table cellpadding="0" cellspacing="0" style="border-bottom: 0.5pt solid rgb(217, 217, 217); empty-cells: show; width: 558pt; border-spacing: 0px;"&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Annual Expenses (&lt;/div&gt;&lt;/div&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Percentage of Net Assets Attributable to Common Shares&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;) (%)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 42pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:0.5pt;text-align:left"&gt; &lt;div style="margin-left: -2.25pt; text-align: center; white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Management fees&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;;display:inline;"&gt;3&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:20.78pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.78pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0.98&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Interest Payments on Borrowed Funds&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;;display:inline;"&gt;4&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:20.78pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.78pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4.01&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Other expenses&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:20.78pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.78pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0.30&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Total Annual Operating Expenses&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:20.78pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.78pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5.29&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-bottom: 0.5pt solid rgb(217, 217, 217); border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Contractual Expense Reimbursement&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;;display:inline;"&gt;5&lt;/div&gt; &lt;/div&gt; &lt;div style="clear:right"&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"&gt; &lt;div style="line-height:11.0pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:20.78pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.78pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(0.01&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="display:flex"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:11.5pt"&gt;
&lt;td style="padding-bottom: 2pt; padding-top: 1.625pt; vertical-align: top; width: 516pt; border-right: 0.5pt solid rgb(217, 217, 217);"&gt; &lt;div style="line-height:10pt;text-align:left"&gt; &lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Total Annual Fund Operating Expenses After Expense Reimbursements&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"&gt; &lt;div style="line-height:10pt;text-align:right;width:42pt"&gt; &lt;div style="display:flex;margin:auto;width:20.78pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.78pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5.28&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div&gt; &lt;div style="clear:both;margin-top:0.0pt;position:relative;width:100%"&gt; &lt;div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;3&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;See &#x201c;Management of the Fund&#x2014;The Advisor.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; line-height: 9.5pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt; &lt;/div&gt; &lt;div&gt; &lt;div style="clear:both;margin-top:0.0pt;position:relative;width:100%"&gt; &lt;div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;4&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Fund&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt; uses leverage by borrowing under &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;the LA&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; line-height: 9.5pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;See &#x201c;Other Investment Policies &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;&#x2013;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt; Borrowing&#x201d; and &#x201c;Use of Leverage by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Fund&#x201d; in the accompanying Prospectus&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; line-height: 9.5pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt; &lt;/div&gt; &lt;div&gt; &lt;div style="clear:both;margin-top:0.0pt;position:relative;width:100%"&gt; &lt;div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;5&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;participating portfolios). This waiver equals, on an annualized basis, 0.0100% of that portion of the aggregate net assets of all the participating portfolios that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exceeds $75 billion but is less than or equal to $125 billion; 0.0125% of that portion of the aggregate net assets of all the participating portfolios that exceeds &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$125 billion but is less than or equal to $150 billion; 0.0150% of that portion of the aggregate net assets of all the participating portfolios that exceeds $150 billion &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;but is less than or equal to $175 billion; 0.0175% of that portion of the aggregate net assets of all the participating portfolios that exceeds $175 billion but is less &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;than or equal to $200 billion; 0.0200% of that portion of the aggregate net assets of all the participating portfolios that exceeds $200 billion but is less than or equal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to $225 billion; and 0.0225% of that portion of the aggregate net assets of all the participating portfolios that exceeds $225 billion. The amount of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;most recent fiscal year, the fund&#x2019;s reimbursement amounted to 0.01% of the fund&#x2019;s average daily net assets. This agreement expires on July 31, 2025, unless renewed &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.&lt;/div&gt;</cef:AnnualExpensesTableTextBlock>    <cef:BasisOfTransactionFeesNoteTextBlock
      contextRef="P02_23_2024To02_23_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      id="ixv-20521">Percentage of Net Assets Attributable to Common Shares</cef:BasisOfTransactionFeesNoteTextBlock>
    <cef:ManagementFeesPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="Fact_101716704"
      unitRef="Unit_pure">0.0098</cef:ManagementFeesPercent>
    <cef:InterestExpensesOnBorrowingsPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="Fact_101716703"
      unitRef="Unit_pure">0.0401</cef:InterestExpensesOnBorrowingsPercent>
    <cef:OtherAnnualExpensesPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20524"
      unitRef="Unit_pure">0.003</cef:OtherAnnualExpensesPercent>
    <cef:TotalAnnualExpensesPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20525"
      unitRef="Unit_pure">0.0529</cef:TotalAnnualExpensesPercent>
    <cef:WaiversAndReimbursementsOfFeesPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="Fact_101716921"
      unitRef="Unit_pure">-0.0001</cef:WaiversAndReimbursementsOfFeesPercent>
    <cef:NetExpenseOverAssetsPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20527"
      unitRef="Unit_pure">0.0528</cef:NetExpenseOverAssetsPercent>
    <cef:ManagementFeeNotBasedOnNetAssetsNoteTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-20528">See &#x201c;Management of the Fund&#x2014;The Advisor.&#x201d;</cef:ManagementFeeNotBasedOnNetAssetsNoteTextBlock>
    <cef:ExpenseExampleTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-2223"> &lt;div style="line-height:12.0pt;margin-top:11.75pt;text-align:left"&gt;&lt;div style="margin-top:12pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Expense example&lt;/div&gt;&lt;/div&gt;  &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.0pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following example illustrates the expenses that Common Shareholders would pay on a $1,000 investment in Common Shares, assuming (i) total &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;annual expenses set forth above, including any reimbursements through their current expiration date; (ii) a 5% annual return; and (iii) all distributions &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are reinvested at NAV:&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2003;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:1.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="border-bottom: 0.5pt solid rgb(217, 217, 217); empty-cells: show; width: 558pt; border-spacing: 0px;"&gt;
&lt;tr style="height:12pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 380.32pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:0.5pt;text-align:left"&gt;&lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 42.92pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:11.0pt;text-align:left"&gt;&lt;div style="margin-left:-2.25pt;margin-right:-2.25pt;text-align:Center;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;1 Year&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 42.92pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:11.0pt;text-align:left"&gt;&lt;div style="margin-left:-2.25pt;margin-right:-2.25pt;text-align:Center;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;3 Years&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 42.92pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:11.0pt;text-align:left"&gt;&lt;div style="margin-left:-2.25pt;margin-right:-2.25pt;text-align:Center;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;5 Years&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 48.92pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:11.0pt;text-align:left"&gt;&lt;div style="margin-left:-2.25pt;margin-right:4pt;text-align:Center;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;10 Years&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:11.5pt"&gt;
&lt;td style="padding-bottom: 2pt; padding-top: 1.625pt; vertical-align: top; width: 380.32pt; border-right: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:10pt;text-align:left"&gt;&lt;div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Total Expenses&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42.92pt; border-right: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:10pt;text-align:right;width:42.92pt"&gt;&lt;div style="display:flex;margin:auto;width:16.21pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:16.21pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 16.21pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;$53&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42.92pt; border-right: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:10pt;text-align:right;width:42.92pt"&gt;&lt;div style="display:flex;margin:auto;width:20.94pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:20.94pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.94pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;$158&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 42.92pt; border-right: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:10pt;text-align:right;width:42.92pt"&gt;&lt;div style="display:flex;margin:auto;width:20.94pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:20.94pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.94pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;$262&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:48.92pt"&gt;&lt;div style="line-height:10pt;margin-right:3pt;text-align:right;width:42.92pt"&gt;&lt;div style="display:flex;margin:auto;width:20.94pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:20.94pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 8pt; width: 20.94pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;$521&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The above table and example and the assumption in the example of a 5% annual return are required by regulations of the SEC that are applicable to all &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment companies; the assumed 5% annual return is not a prediction of, and does not represent, the projected or actual performance of the fund&#x2019;s &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shares. For more complete descriptions of certain of the fund&#x2019;s costs and expenses, see &#x201c;Management of the Fund.&#x201d; In addition, while the &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;example assumes reinvestment of all dividends and distributions at NAV, participants in the fund&#x2019;s dividend reinvestment plan may receive Common &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Shares purchased or issued at a price or value different from NAV. See &#x201c;Distribution Policy&#x201d; and &#x201c;Dividend Reinvestment Plan.&#x201d; The example does not &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;include sales load or estimated offering costs, which would cause the expenses shown in the example to increase.&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;The example should not be considered a representation of past or future expenses, and the fund&#x2019;s actual expenses may be greater or less &lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;than those shown. Moreover, the fund&#x2019;s actual rate of return may be greater or less than the hypothetical 5% return shown in the &lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;example.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:ExpenseExampleTableTextBlock>    <cef:ExpenseExampleYear01
      contextRef="P02_23_2024To02_23_2024"
      decimals="0"
      id="ixv-20529"
      unitRef="Unit_USD">53</cef:ExpenseExampleYear01>
    <cef:ExpenseExampleYears1to3
      contextRef="P02_23_2024To02_23_2024"
      decimals="0"
      id="ixv-20530"
      unitRef="Unit_USD">158</cef:ExpenseExampleYears1to3>
    <cef:ExpenseExampleYears1to5
      contextRef="P02_23_2024To02_23_2024"
      decimals="0"
      id="ixv-20531"
      unitRef="Unit_USD">262</cef:ExpenseExampleYears1to5>
    <cef:ExpenseExampleYears1to10
      contextRef="P02_23_2024To02_23_2024"
      decimals="0"
      id="ixv-20532"
      unitRef="Unit_USD">521</cef:ExpenseExampleYears1to10>
    <cef:SharePriceTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-4017">&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Market and Net Asset Value Information&lt;/div&gt;&lt;/div&gt;  &lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.0pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s currently outstanding Common Shares are listed on the New York Stock Exchange (&#x201c;NYSE&#x201d;) under the symbol &#x201c;JHI&#x201d; and commenced trading &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;on the NYSE in 1971.&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s Common Shares have traded both at a premium and at a discount to its net asset value (&#x201c;NAV&#x201d;). The fund cannot predict whether its shares &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;will trade in the future at a premium or discount to NAV. The provisions of the 1940 Act generally require that the public offering price of common shares &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(less any underwriting commissions and discounts) must equal or exceed the NAV per share of a company&#x2019;s common stock (calculated within 48 hours &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of pricing). The fund&#x2019;s issuance of Common Shares may have an adverse effect on prices in the secondary market for Common Shares by increasing the &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;number of Common Shares available, which may put downward pressure on the market price for Common Shares. Shares of common stock of &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;closed-end investment companies frequently trade at a discount from NAV. See &#x201c;Risk Factors&#x2014;General Risks&#x2014;Market Discount Risk&#x201d; and &#x201c;&#x2014;Secondary &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market for the Common Shares.&#x201d;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table sets forth for each of the periods indicated the high and low closing market prices for Common Shares on the NYSE, and the &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;corresponding NAV per share and the premium or discount to NAV per share at which the fund&#x2019;s Common Shares were trading as of such date. NAV is &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;determined once daily as of the close of regular trading of the NYSE (typically 4:00&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2009;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-variant: small-caps; letter-spacing: 0px; top: 0px;;display:inline;"&gt;p.m.&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, Eastern Time). See &#x201c;Determination of Net Asset Value&#x201d; for &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;information as to the determination of the fund&#x2019;s NAV.&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2003;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:1.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-top:0.0pt"&gt;&lt;table cellpadding="0" cellspacing="0" style="border-bottom: 0.5pt solid rgb(217, 217, 217); empty-cells: show; width: 558pt; border-spacing: 0px;"&gt;
&lt;tr style="height:35pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:0.5pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="2" style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 144.72pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Market Price&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="2" style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 150.34pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;NAV per Share on&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Date of Market Price&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;High and Low&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 155.07pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Premium/(Discount) on&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Date of Market Price&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;High and Low&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Fiscal Quarter Ended&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;High ($)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Low ($)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;High ($)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Low ($)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;High (%)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;;font-weight:bold;display:inline;"&gt;Low (%)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;January 31, 2022&lt;/div&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 32.28pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;19.35&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;17.04&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;18.37&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;17.88&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="display:flex;margin-left:auto;width:23.13pt"&gt;&lt;div style=" white-space: nowrap; width: 23.13pt;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;5.33&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="display:flex;margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4.70&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;April 30, 2022&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;17.55&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;15.37&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;17.80&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;16.08&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display: flex; */white-space: nowrap;width: 23.13pt;text-align: right;"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(1.40&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4.42&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;July 31, 2022&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;16.11&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;12.75&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;15.51&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.04&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="display:flex;margin-left:auto;width:23.13pt"&gt;&lt;div style="margin-block: 0em; margin-bottom: 0px; margin-top: 0px;"&gt;&#160;&lt;/div&gt;&lt;div style="white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;3.87&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(9.19&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="display:flex;white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;October 31, 2022&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.85&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;11.86&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;15.21&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.04&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(2.37&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(9.05&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;January 31, 2023&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.67&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;12.17&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.28&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.39&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(4.27&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(9.11&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;April 30, 2023&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.90&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;11.97&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.53&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.31&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(4.34&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(10.07&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;July 31, 2023&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;12.92&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;12.45&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.15&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.80&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(8.69&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(9.78&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; width: 107.87pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;October 31, 2023&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.06&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;11.67&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.06&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.41&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(7.11&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: top; white-space: nowrap; width: 71.26pt; border-bottom: 0.5pt solid rgb(217, 217, 217);"&gt;&lt;div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(12.98&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:12.5pt"&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"&gt;&lt;div style="line-height:11pt;text-align:left"&gt;&lt;div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;January 31, 2024&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 74.16pt;"&gt;&lt;div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.11&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 70.56pt;"&gt;&lt;div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;12.11&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 76.97pt;"&gt;&lt;div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;14.56&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 73.37pt;"&gt;&lt;div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"&gt;&lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:25.74pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;13.58&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding: 2pt 0pt; vertical-align: top; white-space: nowrap; width: 83.81pt;"&gt;&lt;div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:23.13pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 23.13pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;"&gt;(9.96&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px; white-space: nowrap;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:23.13pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"&gt;&lt;div style="line-height:11pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"&gt;&lt;div style="/* display:flex; */margin-left:auto;width:28.45pt"&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.45pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(10.82&lt;/div&gt;&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: auto; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;)&lt;/div&gt;&lt;/div&gt;&lt;div style="/* display:flex; */white-space:nowrap;width:28.45pt"&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The last reported sale price, NAV per share and percentage discount to NAV per share of the Common Shares as of February &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;14&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, 2024 were $&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;13.28&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;14.54&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; and &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-8.67&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; %, respectively. As of February &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;14&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, 2024, the fund had &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8,744,547&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; Common Shares outstanding and net assets of the fund were &lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;127,134,164&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:SharePriceTableTextBlock>    <cef:HighestPriceOrBid
      contextRef="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20533"
      unitRef="Unit_USD_per_Share">19.35</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20534"
      unitRef="Unit_USD_per_Share">17.04</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20535"
      unitRef="Unit_USD_per_Share">18.37</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20536"
      unitRef="Unit_USD_per_Share">17.88</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
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      id="ixv-20537"
      unitRef="Unit_pure">0.0533</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P11_01_2021To01_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20538"
      unitRef="Unit_pure">-0.047</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20539"
      unitRef="Unit_USD_per_Share">17.55</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20540"
      unitRef="Unit_USD_per_Share">15.37</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20541"
      unitRef="Unit_USD_per_Share">17.8</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20542"
      unitRef="Unit_USD_per_Share">16.08</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20543"
      unitRef="Unit_pure">-0.014</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P02_01_2022To04_30_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20544"
      unitRef="Unit_pure">-0.0442</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20545"
      unitRef="Unit_USD_per_Share">16.11</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20546"
      unitRef="Unit_USD_per_Share">12.75</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20547"
      unitRef="Unit_USD_per_Share">15.51</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20548"
      unitRef="Unit_USD_per_Share">14.04</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20549"
      unitRef="Unit_pure">0.0387</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P05_01_2022To07_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20550"
      unitRef="Unit_pure">-0.0919</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20551"
      unitRef="Unit_USD_per_Share">14.85</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20552"
      unitRef="Unit_USD_per_Share">11.86</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20553"
      unitRef="Unit_USD_per_Share">15.21</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20554"
      unitRef="Unit_USD_per_Share">13.04</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20555"
      unitRef="Unit_pure">-0.0237</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P08_01_2022To10_31_2022_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20556"
      unitRef="Unit_pure">-0.0905</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20557"
      unitRef="Unit_USD_per_Share">13.67</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20558"
      unitRef="Unit_USD_per_Share">12.17</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20559"
      unitRef="Unit_USD_per_Share">14.28</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20560"
      unitRef="Unit_USD_per_Share">13.39</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20561"
      unitRef="Unit_pure">-0.0427</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P11_01_2022To01_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20562"
      unitRef="Unit_pure">-0.0911</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P02_01_2023To04_30_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20563"
      unitRef="Unit_USD_per_Share">13.9</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P02_01_2023To04_30_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20564"
      unitRef="Unit_USD_per_Share">11.97</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P02_01_2023To04_30_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20565"
      unitRef="Unit_USD_per_Share">14.53</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P02_01_2023To04_30_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20566"
      unitRef="Unit_USD_per_Share">13.31</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P02_01_2023To04_30_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20567"
      unitRef="Unit_pure">-0.0434</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P02_01_2023To04_30_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20568"
      unitRef="Unit_pure">-0.1007</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P05_01_2023To07_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20569"
      unitRef="Unit_USD_per_Share">12.92</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P05_01_2023To07_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20570"
      unitRef="Unit_USD_per_Share">12.45</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P05_01_2023To07_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20571"
      unitRef="Unit_USD_per_Share">14.15</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P05_01_2023To07_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20572"
      unitRef="Unit_USD_per_Share">13.8</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P05_01_2023To07_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20573"
      unitRef="Unit_pure">-0.0869</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P05_01_2023To07_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20574"
      unitRef="Unit_pure">-0.0978</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P08_01_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20575"
      unitRef="Unit_USD_per_Share">13.06</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P08_01_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20576"
      unitRef="Unit_USD_per_Share">11.67</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P08_01_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20577"
      unitRef="Unit_USD_per_Share">14.06</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P08_01_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20578"
      unitRef="Unit_USD_per_Share">13.41</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P08_01_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20579"
      unitRef="Unit_pure">-0.0711</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P08_01_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20580"
      unitRef="Unit_pure">-0.1298</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20581"
      unitRef="Unit_USD_per_Share">13.11</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20582"
      unitRef="Unit_USD_per_Share">12.11</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20583"
      unitRef="Unit_USD_per_Share">14.56</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20584"
      unitRef="Unit_USD_per_Share">13.58</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20585"
      unitRef="Unit_pure">-0.0996</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="P11_01_2023To01_31_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20586"
      unitRef="Unit_pure">-0.1082</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <us-gaap:SharePrice
      contextRef="PAsOn02_14_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
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      id="ixv-20587"
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    <us-gaap:NetAssetValuePerShare
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      id="ixv-20588"
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    <cef:LatestPremiumDiscountToNavPercent
      contextRef="P02_14_2024To02_14_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20589"
      unitRef="Unit_pure">-0.0867</cef:LatestPremiumDiscountToNavPercent>
    <cef:OutstandingSecuritiesTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-4556"> &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following provides information about the fund&#x2019;s outstanding securities as of October 31, 2023&#160;.&lt;/div&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2003;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:1.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-bottom: 0.5pt solid rgb(217, 217, 217); empty-cells: show; width: 558pt; border-spacing: 0px;"&gt;
&lt;tr style="height:35pt"&gt;
&lt;td style="background-color: rgb(255, 255, 255); padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 361.77pt; border-bottom: 0.5pt solid rgb(217, 217, 217);;background-color:rgb(255, 255, 255);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-right:6pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Title of Class&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="background-color: rgb(255, 255, 255); padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 57.61pt; border-bottom: 0.5pt solid rgb(217, 217, 217);;background-color:rgb(255, 255, 255);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Amount&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Authorized&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="background-color: rgb(255, 255, 255); padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 77.41pt; border-bottom: 0.5pt solid rgb(217, 217, 217);;background-color:rgb(255, 255, 255);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Amount Held by&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;the Fund or for&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;its Account&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: rgb(255, 255, 255); padding-bottom: 1.625pt; padding-top: 1.625pt; vertical-align: bottom; width: 61.21pt; border-bottom: 0.5pt solid rgb(217, 217, 217);;background-color:rgb(255, 255, 255);"&gt;&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="margin-left:4pt;margin-right:-2pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Amount&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="margin-left:4pt;margin-right:-2pt;text-align:Right;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Outstanding&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="height:12.5pt"&gt;
&lt;td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:361.77pt;background-color:azure;"&gt;&lt;div style="line-height:11pt;text-align:left"&gt;&lt;div style="margin-right:6pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shares, no par value&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:57.61pt;background-color:azure;"&gt;&lt;div style="line-height:11pt;margin-left:6pt;margin-right:6pt;text-align:right;width:45.61pt"&gt;&lt;div style="display:flex;margin-left:auto;width:37.94pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:37.94pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 37.94pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unlimited&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:77.41pt;background-color:azure;"&gt;&lt;div style="line-height:11pt;margin-left:6pt;margin-right:6pt;text-align:right;width:65.41pt"&gt;&lt;div style="display:flex;margin-left:auto;width:7.33pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:7.33pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 7.33pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:61.21pt;background-color:azure;"&gt;&lt;div style="line-height:11pt;margin-left:6pt;text-align:right;width:55.21pt"&gt;&lt;div style="display:flex;margin-left:auto;width:57.21pt"&gt;&lt;div style="display:flex;white-space:nowrap;width:57.21pt"&gt;&lt;div style="; font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 57.21pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8,744,547.00&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</cef:OutstandingSecuritiesTableTextBlock>
    <cef:OutstandingSecurityTitleTextBlock
      contextRef="P10_31_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      id="ixv-20590">Common Shares</cef:OutstandingSecurityTitleTextBlock>
    <cef:OutstandingSecurityHeldShares
      contextRef="P10_31_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20591"
      unitRef="Unit_shares">0</cef:OutstandingSecurityHeldShares>
    <cef:OutstandingSecurityNotHeldShares
      contextRef="P10_31_2023To10_31_2023_CommonSharesMemberusgaapStatementClassOfStockAxis"
      decimals="INF"
      id="ixv-20592"
      unitRef="Unit_shares">8744547</cef:OutstandingSecurityNotHeldShares>
    <cef:InvestmentObjectivesAndPracticesTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-4656">&lt;div style="line-height:12.0pt;margin-top:10.5pt;text-align:left"&gt; &lt;div style="margin-top:10pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Investment Objective&lt;/div&gt;&lt;/div&gt;  &lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.0pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s primary investment objective is to generate income for distribution to its shareholders, with capital appreciation as a secondary objective. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There can be no assurance that the fund will achieve its investment objectives. The fund&#x2019;s investment objectives are not fundamental policies and may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be changed without the approval of a majority of the outstanding voting securities (as defined in the 1940 Act) of the fund.&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="margin-top:10pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Principal investment strategies&lt;/div&gt;&lt;/div&gt;  &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.0pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The preponderance of the fund&#x2019;s assets are invested in a diversified portfolio of debt securities issued by U.S. and non-U.S. corporations and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;governments, some of which may carry equity features. The fund emphasizes corporate debt securities which pay interest on a fixed or contingent basis &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and which may possess certain equity features, such as conversion or exchange rights, warrants for the acquisition of the stock of the same or different &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issuers, or participations based on revenues, sales or profits. The fund also may purchase preferred securities and may acquire common stock through &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the exercise of conversion or exchange rights acquired in connection with other securities owned by the fund. The fund will not acquire any additional &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;preferred securities or common stock if as a result of that acquisition the value of all preferred securities and common stocks in the fund&#x2019;s portfolio &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;would exceed 20% of its total assets. Up to 50% of the value of the fund&#x2019;s assets may be invested in restricted securities acquired through private &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;placements. The fund may purchase mortgage-backed securities. The fund also may purchase and sell derivative instruments, including foreign &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;currency forward contracts, foreign currency swaps, futures contracts, swaps, including credit-default swaps and interest-rate swaps, and options, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;including currency options. In addition, the fund may invest in repurchase and reverse repurchase agreements.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;At least 30% of fund&#x2019;s net assets (plus borrowings for investment purposes) will be represented by (a) debt securities which are rated, at the time of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;acquisition, investment grade (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;., at least &#x201c;Baa&#x201d; by Moody&#x2019;s Investors Service, Inc. (&#x201c;Moody&#x2019;s&#x201d;) or &#x201c;BBB&#x201d; by Standard &amp;amp; Poor&#x2019;s Global Ratings Inc. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(&#x201c;S&amp;amp;P&#x201d;)) or in unrated securities determined by the subadvisor to be of comparable credit quality, (b) securities issued or guaranteed by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. government or its agencies and instrumentalities, and (c) cash or cash equivalents. The remaining 70% of the fund&#x2019;s net assets (plus borrowings for &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment purposes) may be invested in debt securities of any credit quality, including securities rated below investment grade (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;., rated &#x201c;Ba&#x201d; or lower &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;by Moody&#x2019;s or &#x201c;BB&#x201d; or lower by S&amp;amp;P). Debt securities of below investment grade quality are regarded as having predominantly speculative &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;characteristics with respect to the issuer&#x2019;s ability to pay interest and repay principal and are commonly referred to as &#x201c;junk bonds&#x201d; or &#x201c;high yield &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities.&#x201d; While the fund focuses on intermediate- and longer-term debt securities, the fund may acquire securities of any maturity and is not subject &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to any limits as to the average maturity of its overall portfolio.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Securities rated &#x201c;BBB&#x201d; by S&amp;amp;P are regarded by S&amp;amp;P as having an adequate capacity to pay interest or dividends and repay capital or principal, as the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;case may be; whereas such securities normally exhibit adequate protection parameters, adverse economic conditions or changing circumstances are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;more likely, in the opinion of S&amp;amp;P, to lead to a weakened capacity to pay interest or dividends and repay capital or principal for securities in this category &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;than in higher rating categories. Securities rated &#x201c;Baa&#x201d; by Moody&#x2019;s are considered by Moody&#x2019;s as medium to lower medium grade securities; they are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;neither highly protected nor poorly secured; interest or dividend payments and capital or principal security, as the case may be, appear to Moody&#x2019;s to be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over time; and, in the opinion of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Moody&#x2019;s, securities in this rating category lack outstanding investment characteristics and in fact have speculative characteristics as well. Below &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment grade securities and comparable unrated securities involve substantial risk of loss, are considered highly speculative with respect to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issuer&#x2019;s ability to pay interest and any required redemption or principal payments and are susceptible to default or decline in market value due to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;adverse economic and business developments. Securities rated Ba or BB may face significant ongoing uncertainties or exposure to adverse business, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;financial or economic conditions that could lead to the issuer being unable to meet its financial commitments. The protection of interest and principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be moderate and not well safeguarded during both good and bad times. Securities rated B generally lack the characteristics of a desirable &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment. Assurance of interest and principal payments over the long term may be low, and such securities are more vulnerable to nonpayment than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations rated BB or Ba. Adverse business, financial or economic conditions will likely impair the issuer&#x2019;s capacity or willingness to meet its financial &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;commitments. The descriptions of the investment grade rating categories by Moody&#x2019;s and S&amp;amp;P, including a description of their speculative &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;characteristics, are set forth in the SAI. All references to securities ratings by Moody&#x2019;s and S&amp;amp;P in this Prospectus shall, unless otherwise indicated, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;include all securities within each such rating category (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;e.g&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;., &#x201c;Baa1&#x201d;, &#x201c;Baa2&#x201d; and &#x201c;Baa3&#x201d; in the case of Moody&#x2019;s and &#x201c;BBB+&#x201d;, &#x201c;BBB&#x201d; and &#x201c;BBB-&#x201d; in the case &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of S&amp;amp;P). All percentage and ratings limitations on securities in which the fund may invest apply at the time of making an investment and shall not be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;considered violated if an investment rating is subsequently downgraded to a rating that would have precluded the fund&#x2019;s initial investment in such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;security. In the event of such security downgrade, the fund will sell the portfolio security as soon as the subadvisor believes it to be prudent to do so in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;order to again cause the fund to be within the percentage and ratings limitations set forth in this Prospectus. In the event that the fund disposes of a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;portfolio security subsequent to its being downgraded, the fund may experience a greater risk of loss than if such security had been sold prior to such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;downgrade.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In managing the fund&#x2019;s portfolio, the subadvisor concentrates first on sector selection by deciding which types of bonds and industries to emphasize at a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;given time, and then which individual bonds to buy. When making sector and industry allocations, the subadvisor tries to anticipate shifts in the business &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;cycle, using top-down analysis to determine which sectors and industries may benefit over the next 12 months. In choosing individual securities, the &lt;/div&gt;&lt;/div&gt; &lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subadvisor uses bottom-up research to find securities that appear comparatively undervalued. The subadvisor looks at bonds of all quality levels and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturities from many different issuers, potentially including U.S. dollar-denominated securities of foreign corporations and governments. There can be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;no assurance that the fund will achieve its investment objectives.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Advisor may also take into consideration environmental, social, and/or governance (&#x201c;ESG&#x201d;) factors, alongside other relevant factors, as part of its &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment selection process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;chain and human rights policies. The ESG characteristics utilized in the fund&#x2019;s investment process may change over time and one or more &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;characteristics may not be relevant with respect to all issuers that are eligible fund investments&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may deviate from its principal investment strategies during transition periods, which may include the reassignment of portfolio management, a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;change in investment objective or strategy, a reorganization or liquidation or the occurrence of large inflows or outflows.&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; </cef:InvestmentObjectivesAndPracticesTextBlock>    <cef:EffectsOfLeveragePurposeTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-5453"> &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;The following table is designed to illustrate the effect on the return to a holder of the fund&#x2019;s Common Shares of leverage in the amount of approximately &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;41.67% of the fund&#x2019;s total assets, assuming hypothetical annual returns of the fund&#x2019;s investment portfolio of minus 10% to plus 10%. As the table &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;shows, leverage generally increases the return to Common Shareholders when portfolio return is positive and greater than the cost of leverage and &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;decreases the return when the portfolio return is negative or less than the cost of leverage. The figures appearing in the table are hypothetical. Actual &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;returns may be greater or less than those appearing in the table.&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:1pt;line-height:1pt;display:inline;"&gt;&#x2003;&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:1pt;line-height:1pt;display:inline;"&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; </cef:EffectsOfLeveragePurposeTextBlock>    <cef:EffectsOfLeverageTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-5454"> &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;The following table is designed to illustrate the effect on the return to a holder of the fund&#x2019;s Common Shares of leverage in the amount of approximately &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;41.67% of the fund&#x2019;s total assets, assuming hypothetical annual returns of the fund&#x2019;s investment portfolio of minus 10% to plus 10%. As the table &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;shows, leverage generally increases the return to Common Shareholders when portfolio return is positive and greater than the cost of leverage and &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;decreases the return when the portfolio return is negative or less than the cost of leverage. The figures appearing in the table are hypothetical. Actual &lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;returns may be greater or less than those appearing in the table.&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:1pt;line-height:1pt;display:inline;"&gt;&#x2003;&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:1pt;line-height:1pt;display:inline;"&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:203.09pt"&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt; &lt;div style="margin-right:25.31pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assumed Portfolio Return (%)&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-10.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-5.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.39pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:20.77pt"&gt; &lt;div style="display:flex;margin-left:auto;width:22.77pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:22.77pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:69.03pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:18.41pt"&gt; &lt;div style="display:flex;margin-left:auto;width:20.41pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.41pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 20.41pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:61.05pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:6pt;text-align:right;width:23.74pt"&gt; &lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:25.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12.5pt"&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:203.09pt"&gt; &lt;div style="line-height:11pt;text-align:left"&gt; &lt;div style="margin-right:25.31pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corresponding Common Shares Total Return (%)&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-17.66&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-11.07&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.39pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:20.77pt"&gt; &lt;div style="display:flex;margin-left:auto;width:22.77pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:22.77pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-4.48&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:69.03pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:18.41pt"&gt; &lt;div style="display:flex;margin-left:auto;width:20.41pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.41pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 20.41pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2.10&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:61.05pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:6pt;text-align:right;width:23.74pt"&gt; &lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:25.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8.69&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; </cef:EffectsOfLeverageTextBlock>
    <cef:EffectsOfLeverageTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-20593">The figures appearing in the table are hypothetical. Actual &lt;div style="color:#000000;font-family:Arial Narrow;font-size:9pt;display:inline;"&gt;returns may be greater or less than those appearing in the table.&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:1pt;line-height:1pt;display:inline;"&gt;&#x2003;&lt;/div&gt;&lt;div style="color:#000000;font-family:Arial Narrow;font-size:1pt;line-height:1pt;display:inline;"&gt;&lt;/div&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"&gt;
&lt;tr style="height:13pt"&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:203.09pt"&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt; &lt;div style="margin-right:25.31pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assumed Portfolio Return (%)&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-10.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-5.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.39pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:20.77pt"&gt; &lt;div style="display:flex;margin-left:auto;width:22.77pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:22.77pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:69.03pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:18.41pt"&gt; &lt;div style="display:flex;margin-left:auto;width:20.41pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.41pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 20.41pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:61.05pt"&gt; &lt;div style="line-height:12.0pt;margin-left:25.31pt;margin-right:6pt;text-align:right;width:23.74pt"&gt; &lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:25.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10.00&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="height:12.5pt"&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:203.09pt"&gt; &lt;div style="line-height:11pt;text-align:left"&gt; &lt;div style="margin-right:25.31pt;text-align:Left;white-space:nowrap"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corresponding Common Shares Total Return (%)&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-17.66&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.72pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:26.1pt"&gt; &lt;div style="display:flex;margin-left:auto;width:28.1pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:28.1pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 28.1pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-11.07&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.39pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:20.77pt"&gt; &lt;div style="display:flex;margin-left:auto;width:22.77pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:22.77pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-4.48&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:69.03pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:25.31pt;text-align:right;width:18.41pt"&gt; &lt;div style="display:flex;margin-left:auto;width:20.41pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:20.41pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 20.41pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2.10&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:61.05pt"&gt; &lt;div style="line-height:11pt;margin-left:25.31pt;margin-right:6pt;text-align:right;width:23.74pt"&gt; &lt;div style="display:flex;margin-left:auto;width:25.74pt"&gt; &lt;div style="display:flex;white-space:nowrap;width:25.74pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8.69&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; </cef:EffectsOfLeverageTableTextBlock>
    <cef:ReturnAtMinusTenPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20594"
      unitRef="Unit_pure">-0.1766</cef:ReturnAtMinusTenPercent>
    <cef:ReturnAtMinusFivePercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20595"
      unitRef="Unit_pure">-0.1107</cef:ReturnAtMinusFivePercent>
    <cef:ReturnAtZeroPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20596"
      unitRef="Unit_pure">-0.0448</cef:ReturnAtZeroPercent>
    <cef:ReturnAtPlusFivePercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20597"
      unitRef="Unit_pure">0.021</cef:ReturnAtPlusFivePercent>
    <cef:ReturnAtPlusTenPercent
      contextRef="P02_23_2024To02_23_2024"
      decimals="INF"
      id="ixv-20598"
      unitRef="Unit_pure">0.0869</cef:ReturnAtPlusTenPercent>
    <cef:RiskFactorsTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-5554">&lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Risk Factors&lt;/div&gt;&lt;/div&gt;  &lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.0pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The principal risks of investing in the fund are summarized in the Prospectus Summary above. Below are descriptions of the principal factors that may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;play a role in shaping the fund&#x2019;s overall risk profile. The descriptions appear in alphabetical order by general risks, equity strategy risks, and options &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;strategy risks, not in order of importance. For further details about the fund&#x2019;s risks, including additional risk factors that are not discussed in this &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Prospectus because they are considered non-principal factors, see the fund&#x2019;s SAI.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;General Risks&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Anti-Takeover Provisions&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s Declaration of Trust includes provisions that could limit the ability of other persons or entities to acquire control of the fund or to change the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;composition of its Board. These provisions may deprive shareholders of opportunities to sell their Common Shares at a premium over the then current &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market price of the Common Shares. See &#x201c;Certain Provisions in the Declaration of Trust and By-Laws&#x2014;Anti-takeover provisions.&#x201d;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Defensive Positions Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;During periods of adverse market or economic conditions, the fund may temporarily invest all or a substantial portion of its total assets in short-term &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;money market instruments, securities with remaining maturities of less than one year, cash or cash equivalents. The fund will not be pursuing its &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment objectives in these circumstances and could miss favorable market developments.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Distribution Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There can be no assurance that quarterly distributions paid by the fund to shareholders will be maintained at current levels or increase over time. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;quarterly distributions shareholders receive from the fund are derived from the fund&#x2019;s dividends and interest income after payment of fund expenses, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;net option premiums and net realized gain on equity securities investments. If stock market volatility and/or stock prices decline, the premiums &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available from writing call options and writing put options on individual stocks likely will decrease as well. Payments to purchase put options and to close &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;written call and put options will reduce amounts available for distribution. Net realized gain on the fund&#x2019;s stock investments will be determined primarily &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;by the direction and movement of the stock market and the equity securities held. The fund&#x2019;s cash available for distribution may vary widely over the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;short- and long-term. If, for any calendar year, the total distributions made exceed the fund&#x2019;s net investment taxable income and net capital gain, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;excess generally will be treated as a return of capital to each Common Shareholder (up to the amount of the Common Shareholder&#x2019;s basis in his or her &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shares) and thereafter as gain from the sale of Common Shares. The amount treated as a return of capital reduces the Common Shareholder&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;adjusted basis in his or her Common Shares, thereby increasing his or her potential gain or reducing his or her potential loss on the subsequent sale of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;his or her Common Shares. Distributions in any year may include a substantial return of capital component. Dividends on common stocks are not fixed &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;but are declared at the discretion of the issuer&#x2019;s board of directors.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Economic and market events risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Events in certain sectors historically have resulted, and may in the future result, in an unusually high degree of volatility in the financial markets, both domestic and foreign. These events have included, but are not limited to: bankruptcies, corporate restructurings, and other similar events&lt;div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;"&gt;; bank failures&lt;/div&gt;; governmental efforts to limit short selling and high frequency trading; measures to address U.S. federal and state budget deficits; social, political, and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;economic instability in Europe; economic stimulus by the Japanese central bank; dramatic changes in energy prices and currency exchange rates; and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;China&#x2019;s economic slowdown. Interconnected global economies and financial markets increase the possibility that conditions in one country or region &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;might adversely impact issuers in a different country or region. Both domestic and foreign equity markets have experienced increased volatility and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;turmoil, with issuers that have exposure to the real estate, mortgage, and credit markets particularly affected. Financial institutions could suffer losses &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as interest rates rise or economic conditions deteriorate.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, relatively high market volatility and reduced liquidity in credit and fixed-income markets may adversely affect many issuers worldwide. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Actions taken by the U.S. Federal Reserve (Fed) or foreign central banks to stimulate or stabilize economic growth, such as interventions in currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;markets, could cause high volatility in the equity and fixed-income markets. Reduced liquidity may result in less money being available to purchase raw &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;materials, goods, and services from emerging markets, which may, in turn, bring down the prices of these economic staples. It may also result in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;emerging-market issuers having more difficulty obtaining financing, which may, in turn, cause a decline in their securities prices.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning in March 2022, the Fed began increasing interest rates and has signaled the potential for further increases. As a result, risks associated with &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;rising interest rates are currently heightened. It is difficult to accurately predict the pace at which the Fed will increase interest rates any further, or the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;timing, frequency or magnitude of any such increases, and the evaluation of macro-economic and other conditions could cause a change in approach in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the future. Any such increases generally will cause market interest rates to rise and could cause the value of a fund&#x2019;s investments, and the fund&#x2019;s net &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;asset value (NAV), to decline, potentially suddenly and significantly. As a result, the fund may experience high redemptions and, as a result, increased &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;portfolio turnover, which could increase the costs that the fund incurs and may negatively impact the fund&#x2019;s performance.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, as the Fed increases the target Fed funds rate, any such rate increases, among other factors, could cause markets to experience continuing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;high volatility. A significant increase in interest rates may cause a decline in the market for equity securities. These events and the possible resulting &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market volatility may have an adverse effect on the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Political turmoil within the United States and abroad may also impact the fund. Although the U.S. government has honored its credit obligations, it &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;remains possible that the United States could default on its obligations. While it is impossible to predict the consequences of such an unprecedented &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;event, it is likely that a default by the United States would be highly disruptive to the U.S. and global securities markets and could significantly impair the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value of the fund&#x2019;s investments. Similarly, political events within the United States at times have resulted, and may in the future result, in a shutdown of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;government services, which could negatively affect the U.S. economy, decrease the value of many fund investments, and increase uncertainty in or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;impair the operation of the U.S. or other securities markets. In recent years, the U.S. renegotiated many of its global trade relationships and imposed or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;threatened to impose significant import tariffs. These actions could lead to price volatility and overall declines in U.S. and global investment markets.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Uncertainties surrounding the sovereign debt of a number of European Union (EU) countries and the viability of the EU have disrupted and may in the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;future disrupt markets in the United States and around the world. If one or more countries leave the EU or the EU dissolves, the global securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;markets likely will be significantly disrupted. On January 31, 2020, the United Kingdom (UK) left the EU, commonly referred to as &#x201c;Brexit,&#x201d; the UK &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;ceased to be a member of the EU, and the UK and EU entered into a Trade and Cooperation Agreement. While the full impact of Brexit is unknown, Brexit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;has already resulted in volatility in European and global markets. There remains significant market uncertainty regarding Brexit&#x2019;s ramifications, and the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;range and potential implications of possible political, regulatory, economic, and market outcomes are difficult to predict.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;lead to less liquidity in certain instruments, industries, sectors or the markets generally, and may ultimately affect fund performance. For example, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;coronavirus (COVID-19) pandemic has resulted and may continue to result in significant disruptions to global business activity and market volatility due &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to disruptions in market access, resource availability, facilities operations, imposition of tariffs, export controls and supply chain disruption, among &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;others. While many countries have lifted some or all restrictions related to the coronavirus (COVID-19) and the United States ended the public health &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;emergency and national emergency declarations relating to the coronavirus (COVID-19) pandemic on May 11, 2023, the continued impact of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;coronavirus (COVID-19) and related variants is uncertain. The impact of a health crisis and other epidemics and pandemics that may arise in the future, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;political, social and economic risks. Any such impact could adversely affect the fund&#x2019;s performance, resulting in losses to your investment.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Political and military events, including in Ukraine, North Korea, Russia, Venezuela, Iran, Syria, and other areas of the Middle East, and nationalist unrest &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in Europe and South America, also may cause market disruptions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As a result of continued political tensions and armed conflicts, including the Russian invasion of Ukraine commencing in February of 2022, the extent &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and ultimate result of which are unknown at this time, the United States and the EU, along with the regulatory bodies of a number of countries, have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;imposed economic sanctions on certain Russian corporate entities and individuals, and certain sectors of Russia&#x2019;s economy, which may result in, among &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;other things, the continued devaluation of Russian currency, a downgrade in the country&#x2019;s credit rating, and/or a decline in the value and liquidity of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Russian securities, property or interests. These sanctions could also result in the immediate freeze of Russian securities and/or funds invested in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;prohibited assets, impairing the ability of a fund to buy, sell, receive or deliver those securities and/or assets. These sanctions or the threat of additional &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sanctions could also result in Russia taking counter measures or retaliatory actions, which may further impair the value and liquidity of Russian &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities. The United States and other nations or international organizations may also impose additional economic sanctions or take other actions that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may adversely affect Russia-exposed issuers and companies in various sectors of the Russian economy. Any or all of these potential results could lead &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Russia&#x2019;s economy into a recession. Economic sanctions and other actions against Russian institutions, companies, and individuals resulting from the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;ongoing conflict may also have a substantial negative impact on other economies and securities markets both regionally and globally, as well as on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;companies with operations in the conflict region, the extent to which is unknown at this time. The United States and the EU have also imposed similar &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sanctions on Belarus for its support of Russia&#x2019;s invasion of Ukraine. Additional sanctions may be imposed on Belarus and other countries that support &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Russia. Any such sanctions could present substantially similar risks as those resulting from the sanctions imposed on Russia, including substantial &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;negative impacts on the regional and global economies and securities markets.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, there is a risk that the prices of goods and services in the United States and many foreign economies may decline over time, known as &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deflation. Deflation may have an adverse effect on stock prices and creditworthiness and may make defaults on debt more likely. If a country&#x2019;s economy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;slips into a deflationary pattern, it could last for a prolonged period and may be difficult to reverse. Further, there is a risk that the present value of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets or income from investments will be less in the future, known as inflation. Inflation rates may change frequently and drastically as a result of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;various factors, including unexpected shifts in the domestic or global economy, and a fund&#x2019;s investments may be affected, which may reduce a fund&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;performance. Further, inflation may lead to the rise in interest rates, which may negatively affect the value of debt instruments held by the fund, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;resulting in a negative impact on a fund&#x2019;s performance. Generally, securities issued in emerging markets are subject to a greater risk of inflationary or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deflationary forces, and more developed markets are better able to use monetary policy to normalize markets.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;ESG Integration Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The manager considers ESG factors that it deems relevant or additive, along with other material factors and analysis, when managing the fund. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;manager may consider these ESG factors on all or a meaningful portion of the fund&#x2019;s investments. In certain situations, the extent to which these ESG &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;factors may be applied according to the manager&#x2019;s integrated investment process may not include U.S. Treasuries, government securities, or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;asset classes. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;rights policies. Incorporating ESG criteria and making investment decisions based on certain ESG characteristics, as determined by the manager, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;carries the risk that the fund may perform differently, including underperforming, funds that do not utilize ESG criteria, or funds that utilize different ESG &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;criteria. Integration of ESG factors into the fund&#x2019;s investment process may result in a manager making different investments for the fund than for a fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;with a similar investment universe and/or investment style that does not incorporate such considerations in its investment strategy or processes, and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund&#x2019;s investment performance may be affected. Because ESG factors are one of many considerations for the fund, the manager may nonetheless &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;include companies with low ESG characteristics or exclude companies with high ESG characteristics in the fund&#x2019;s investments.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The ESG characteristics utilized in the fund&#x2019;s investment process may change over time, and different ESG characteristics may be relevant to different &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments. Although the manager has established its own structure to oversee ESG integration in accordance with the fund&#x2019;s investment objective and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;strategies, successful integration of ESG factors will depend on the manager&#x2019;s skill in researching, identifying, and applying these factors, as well as on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the availability of relevant data. The method of evaluating ESG factors and subsequent impact on portfolio composition, performance, proxy voting &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;decisions and other factors, is subject to the interpretation of the manager in accordance with the fund&#x2019;s investment objective and strategies. ESG &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;factors may be evaluated differently by different managers, and may not carry the same meaning to all investors and managers. The manager may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;employ active shareowner engagement to raise ESG issues with the management of select portfolio companies. The regulatory landscape with respect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to ESG investing in the United States is evolving and any future rules or regulations may require the fund to change its investment process with respect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to ESG integration.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fixed-income securities risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are generally subject to two principal types of risk, as well as other risks described below: (1) interest-rate risk and (2) credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;quality risk.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Interest Rate Risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are affected by changes in interest rates. When interest rates decline, the market value of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;can be expected to decline. Recent and potential future changes in government monetary policy may affect interest rates.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The longer a fixed-income security&#x2019;s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. Duration is a measure used to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;determine the sensitivity of a security&#x2019;s price to changes in interest rates that incorporates a security&#x2019;s yield, coupon, final maturity, and call features, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;among other characteristics. All other things remaining equal, for each one percentage point increase in interest rates, the value of a portfolio of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income investments would generally be expected to decline by one percent for every year of the portfolio&#x2019;s average duration above zero. For &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;example, the price of a bond fund with an average duration of eight years would be expected to fall approximately 8% if interest rates rose by one &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;percentage point. The maturity of a security, another commonly used measure of price sensitivity, measures only the time until final payment is due, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;whereas duration takes into account the pattern of all payments of interest and principal on a security over time, including how these payments are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;affected by prepayments and by changes in interest rates, as well as the time until an interest rate is reset (in the case of variable-rate securities).&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning in March 2022, the Fed began increasing interest rates and has signaled the potential for further increases. It is difficult to accurately &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;predict the pace at which the Fed will increase interest rates any further, or the timing, frequency or magnitude of any such increases, and the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;evaluation of macro-economic and other conditions could cause a change in approach in the future. Any such increases generally will cause market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;interest rates to rise, and could cause the value of a fund&#x2019;s investments, and the fund&#x2019;s NAV, to decline, potentially suddenly and significantly. As a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;result, the fund may experience high redemptions and, as a result, increased portfolio turnover, which could increase the costs that the fund incurs &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and may negatively impact the fund&#x2019;s performance.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In response to certain serious economic disruptions, governmental authorities and regulators typically respond with significant fiscal and monetary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;policy changes, including considerably lowering interest rates, which, in some cases could result in negative interest rates. These actions, including &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;their reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets and reduce market liquidity. To &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the extent the fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the fund would generate a negative return &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;on that investment. Similarly, negative rates on investments by money market funds and similar cash management products could lead to losses on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments, including on investments of the fund&#x2019;s uninvested cash.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit Quality Risk.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are subject to the risk that the issuer of the security will not repay all or a portion of the principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;borrowed and will not make all interest payments. If the credit quality of a fixed-income security deteriorates after a fund has purchased the security, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the market value of the security may decrease and lead to a decrease in the value of the fund&#x2019;s investments. Funds that may invest in lower rated &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities are riskier than funds that may invest in higher rated fixed-income securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liquidity Risk.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liquidity risk may result from the lack of an active market, the reduced number of traditional market participants, or the reduced &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;capacity of traditional market participants to make a market in fixed-income securities. The capacity of traditional dealers to engage in fixed-income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;trading has not kept pace with the bond market&#x2019;s growth. As a result, dealer inventories of corporate bonds, which indicate the ability to &#x201c;make &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;markets,&#x201d; i.e., buy or sell a security at the quoted bid and ask price, respectively, are at or near historic lows relative to market size. Because market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;makers provide stability to fixed-income markets, the significant reduction in dealer inventories could lead to decreased liquidity and increased &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;margin-left:12pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;volatility, which may become exacerbated during periods of economic or political stress. The secondary market for certain tax-exempt securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;tends to be less well-developed or liquid than many other securities markets, which may adversely affect a fund&#x2019;s ability to sell such securities at &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;attractive prices.&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Leverage risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;By leveraging its investment portfolio, the fund creates an opportunity for increased net income or capital appreciation. However, the use of leverage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;also involves risks, which can be significant. These risks include the possibility that the value of the assets acquired with such borrowing decreases &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;although the fund&#x2019;s liability is fixed, greater volatility in the fund&#x2019;s NAV and the market price of the fund&#x2019;s Common Shares and higher expenses. Since the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Advisor&#x2019;s fee is based upon a percentage of the fund&#x2019;s managed assets, the Advisor&#x2019;s fee will be higher if the fund is leveraged and the Advisor will have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;an incentive to leverage the fund. The Board will monitor this potential conflict. The Advisor intends to leverage the fund only when it believes that the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;potential return on the additional investments acquired through the use of leverage is likely to exceed the costs incurred in connection with the offering.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund is authorized to utilize leverage through borrowings, reinvestment of securities lending collateral or reverse repurchase agreement proceeds, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and/or the issuance of preferred shares, including the issuance of debt securities. The fund is party to the LA as described in &#x201c;&#x2014;Description of Capital &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Structure&#x2014;Liquidity Facility.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund utilizes the LA to increase its assets available for investment. When the fund leverages its assets, Common Shareholders bear the fees &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;associated with the liquidity facility and have the potential to benefit or be disadvantaged from the use of leverage. In addition, the fee paid to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Advisor is calculated on the basis of the fund&#x2019;s average daily managed assets, including proceeds from borrowings and/or the issuance of preferred &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;shares, so the fee will be higher when leverage is utilized, which may create an incentive for the Advisor to employ financial leverage. Consequently, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund and the Advisor may have differing interests in determining whether to leverage the fund&#x2019;s assets. Leverage creates risks that may adversely affect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the return for the Common Shareholders, including:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the likelihood of greater volatility of NAV and market price of Common Shares;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fluctuations in the interest rate paid for the use of the LA;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;increased operating costs, which may reduce the fund&#x2019;s total return;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the potential for a decline in the value of an investment acquired through leverage, while the fund&#x2019;s obligations under such leverage remains fixed; &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund is more likely to have to sell securities in a volatile market in order to meet asset coverage or other debt compliance requirements.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;To the extent the returns derived from securities purchased with proceeds received from leverage exceed the cost of leverage, the fund&#x2019;s distributions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be greater than if leverage had not been used. Conversely, if the returns from the securities purchased with such proceeds are not sufficient to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;cover the cost of leverage, the amount available for distribution to Common Shareholders will be less than if leverage had not been used. In the latter &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;case, the Advisor, in its best judgment, may nevertheless determine to maintain the fund&#x2019;s leveraged position if it deems such action to be appropriate. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The costs of a borrowing program and/or an offering of preferred shares would be borne by Common Shareholders and consequently would result in a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reduction of the NAV of Common Shares.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition to the risks created by the fund&#x2019;s use of leverage, the fund is subject to the risk that the liquidity facility agreement is terminated due to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;occurrence of one or more events of default under the LA. If the LA is terminated in such circumstances, the fund would be subject to additional risk that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;it would be unable to timely, or at all, obtain replacement financing. The fund might also be required to de-leverage, selling securities at a potentially &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;inopportune time and incurring tax consequences. Further, the fund&#x2019;s ability to generate income from the use of leverage would be adversely affected.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may be required to maintain minimum average balances in connection with borrowings or to pay a commitment or other fee to maintain a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;liquidity facility; either of these requirements will increase the cost of borrowing over the stated interest rate. To the extent that the fund borrows &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;through the use of reverse repurchase agreements, it would be subject to a risk that the value of the portfolio securities transferred may substantially &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exceed the purchase price received by the fund under the reverse repurchase agreement transaction. Alternatively, during the life of any reverse &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;repurchase agreement transaction, the fund may be required to transfer additional securities if the market value of those securities initially transferred &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;declines. In addition, capital raised through borrowing or the issuance of preferred shares will be subject to interest costs or dividend payments that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may or may not exceed the income and appreciation on the assets purchased. The issuance of additional classes of preferred shares involves offering &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expenses and other costs, which will be borne by the Common Shareholders, and may limit the fund&#x2019;s freedom to pay dividends on Common Shares or to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;engage in other activities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may be subject to certain restrictions on investments imposed by guidelines of one or more nationally recognized statistical rating &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;organizations which may issue ratings for the preferred shares or short-term debt instruments issued by the fund. These guidelines may impose asset &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. Certain types of borrowings may result in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund being subject to covenants in credit agreements, including those relating to asset coverage, borrowing base and portfolio composition &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements and additional covenants that may affect the fund&#x2019;s ability to pay dividends and distributions on Common Shares in certain instances. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund also may be required to pledge its assets to the lenders in connection with certain types of borrowing. Under the current LA, the fund is subject to &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;covenants that include, but are not limited to, certain minimum net asset value and collateral requirements, as well as a requirement to provide timely &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;certain financial information to the lender. The Advisor does not anticipate that these covenants or restrictions will adversely affect its ability to manage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund&#x2019;s portfolio in accordance with the fund&#x2019;s investment objectives and principal investment strategies. Due to these covenants or restrictions, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund may be forced to liquidate investments at times and at prices that are not favorable to the fund, or the fund may be forced to forego investments &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;that the Advisor otherwise views as favorable.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The extent that the fund employs leverage, if any, will depend on many factors, the most important of which are investment outlook, market conditions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and interest rates. Successful use of a leveraging strategy depends on the Advisor&#x2019;s ability to predict correctly interest rates and market movements. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There is no assurance that a leveraging strategy will be successful during any period in which it is employed.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Market Discount Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s Common Shares will be offered only when Common Shares of the fund are trading at a price equal to or above the fund&#x2019;s NAV per Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Share plus the per Common Share amount of commissions. As with any security, the market value of the Common Shares may increase or decrease &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;from the amount initially paid for the Common Shares. The fund&#x2019;s Common Shares have traded at both a premium and at a discount to NAV. The shares &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of closed-end management investment companies frequently trade at a discount from their NAV. This characteristic is a risk separate and distinct from &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the risk that the fund&#x2019;s NAV could decrease as a result of investment activities. Investors bear a risk of loss to the extent that the price at which they sell &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;their shares is lower in relation to the fund&#x2019;s NAV than at the time of purchase, assuming a stable NAV.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Operational and cybersecurity risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;With the increased use of technologies, such as mobile devices and &#x201c;cloud&#x201d;-based service offerings and the dependence on the internet and computer &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;systems to perform necessary business functions, the fund&#x2019;s service providers are susceptible to operational and information or cybersecurity risks that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could result in losses to the fund and its shareholders. Intentional cybersecurity breaches include unauthorized access to systems, networks, or devices &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(such as through &#x201c;hacking&#x201d; activity or &#x201c;phishing&#x201d;); infection from computer viruses or other malicious software code; and attacks that shut down, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;disable, slow, or otherwise disrupt operations, business processes, or website access or functionality. Cyber-attacks can also be carried out in a manner &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;that does not require gaining unauthorized access, such as causing denial-of-service attacks on the service providers&#x2019; systems or websites rendering &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;them unavailable to intended users or via &#x201c;ransomware&#x201d; that renders the systems inoperable until appropriate actions are taken. In addition, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;unintentional incidents can occur, such as the inadvertent release of confidential information (possibly resulting in the violation of applicable privacy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;laws).&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A cybersecurity breach could result in the loss or theft of customer data or funds, loss or theft of proprietary information or corporate data, physical &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;damage to a computer or network system, or costs associated with system repairs. Such incidents could cause a fund, the advisor, a manager, or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;service providers to incur regulatory penalties, reputational damage, additional compliance costs, litigation costs or financial loss. In addition, such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;incidents could affect issuers in which a fund invests, and thereby cause the fund&#x2019;s investments to lose value.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Cyber-events have the potential to materially affect the fund and the advisor&#x2019;s relationships with accounts, shareholders, clients, customers, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;employees, products, and service providers. The fund has established risk management systems reasonably designed to seek to reduce the risks &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;associated with cyber-events. There is no guarantee that the fund will be able to prevent or mitigate the impact of any or all cyber-events.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund is exposed to operational risk arising from a number of factors, including, but not limited to, human error, processing and communication &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;errors, errors of the fund&#x2019;s service providers, counterparties, or other third parties, failed or inadequate processes and technology or system failures.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, other disruptive events, including (but not limited to) natural disasters and public health crises may adversely affect the fund&#x2019;s ability to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;conduct business, in particular if the fund&#x2019;s employees or the employees of its service providers are unable or unwilling to perform their responsibilities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as a result of any such event. Even if the fund&#x2019;s employees and the employees of its service providers are able to work remotely, those remote work &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;arrangements could result in the fund&#x2019;s business operations being less efficient than under normal circumstances, could lead to delays in its processing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of transactions, and could increase the risk of cyber-events.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Secondary Market for the Common Shares&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The issuance of new Common Shares may have an adverse effect on the secondary market for the Common Shares. When Common Shares are trading &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;at a premium, the fund may issue new Common Shares of the fund. The increase in the amount of the fund&#x2019;s outstanding Common Shares resulting from &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the offering of new Common Shares may put downward pressure on the market price for the Common Shares of the fund. Common Shares will not be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issued at any time when Common Shares are trading at a price lower than a price equal to the fund&#x2019;s NAV per Common Share plus the per Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Share amount of commissions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund also issues Common Shares through its dividend reinvestment plan. Common Shares may be issued under the plan at a discount to the market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;price for such Common Shares, which may put downward pressure on the market price for Common Shares of the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The voting power of current Common Shareholders will be diluted to the extent that such shareholders do not purchase shares in any future Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Share offerings or do not purchase sufficient shares to maintain their percentage interest. In addition, if the proceeds of such offering are unable to be &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;invested as intended, the fund&#x2019;s per Common Share distribution may decrease (or may consist of return of capital) and the fund may not participate in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market advances to the same extent as if such proceeds were fully invested as planned.&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sector Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;When a fund&#x2019;s investments are focused in one or more sectors of the economy, they are less broadly invested across industries or sectors than other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;funds. This means that focused funds tend to be more volatile than other funds, and the values of their investments tend to go up and down more rapidly. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, a fund that invests in particular sectors is particularly susceptible to the impact of market, economic, political, regulatory, and other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;conditions and risks affecting those sectors. From time to time, a small number of companies may represent a large portion of a single sector or a group &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of related sectors as a whole.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Tax Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;To qualify for the special tax treatment available to regulated investment companies, the fund must: (i) derive at least 90% of its annual gross income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;from certain kinds of investment income; (ii) meet certain asset diversification requirements at the end of each quarter; and (iii) distribute in each &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;taxable year at least 90% of its net investment income (including net interest income and net short term capital gain). If the fund failed to meet any of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;these requirements, subject to the opportunity to cure such failures under applicable provisions of the Code, the fund would be subject to U.S. federal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;income tax at regular corporate rates on its taxable income, including its net capital gain, even if such income were distributed to its shareholders. All &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;distributions by the fund from earnings and profits, including distributions of net capital gain (if any), would be taxable to the shareholders as ordinary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;income. To the extent designated by the fund, such distributions generally would be eligible (i) to be treated as qualified dividend income in the case of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;individual and other non-corporate shareholders and (ii) for the dividends received deduction in the case of corporate shareholders, provided that in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;each case the shareholder meets applicable holding period requirements. In addition, in order to requalify for taxation as a regulated investment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;company, the fund might be required to recognize unrealized gain, pay substantial taxes and interest, and make certain distributions. See &#x201c;U.S. Federal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Income Tax Matters.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The tax treatment and characterization of the fund&#x2019;s distributions may vary significantly from time to time due to the nature of the fund&#x2019;s investments. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The ultimate tax characterization of the fund&#x2019;s distributions in a calendar year may not finally be determined until after the end of that calendar year. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund may make distributions during a calendar year that exceed the fund&#x2019;s net investment income and net realized capital gain for that year. In such a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;situation, the amount by which the fund&#x2019;s total distributions exceed net investment income and net realized capital gain generally would be treated as a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;return of capital up to the amount of the Common Shareholder&#x2019;s tax basis in his or her Common Shares, with any amounts exceeding such basis treated &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as gain from the sale of his or her Common Shares. The fund&#x2019;s income distributions that qualify for favorable tax treatment may be affected by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Internal Revenue Service&#x2019;s (&#x201c;IRS&#x201d;) interpretations of the Code and future changes in tax laws and regulations. See &#x201c;U.S. Federal Income Tax Matters.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;No assurance can be given as to what percentage of the distributions paid on Common Shares, &lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;if&lt;/div&gt; any, will consist of long-term capital gain or what the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;tax rates on various types of income will be in future years. See &#x201c;U.S. Federal Income Tax Matters.&#x201d;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Strategy Risks&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Brady Bonds Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Brady Bonds are debt securities issued under the framework of the &#x201c;Brady Plan,&#x201d; an initiative announced by former U.S. Treasury Secretary Nicholas F. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Brady in 1989 as a mechanism for debtor nations to restructure their outstanding external commercial bank indebtedness. The Brady Plan framework, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as it has developed, involves the exchange of external commercial bank debt for newly issued bonds (&#x201c;Brady Bonds&#x201d;). Brady Bonds also may be issued in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;respect of new money being advanced by existing lenders in connection with the debt restructuring. Brady Bonds issued to date generally have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturities between 15 and 30 years from the date of issuance and have traded at a deep discount from their face value. In addition to Brady Bonds, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments in emerging market governmental obligations issued as a result of debt restructuring agreements outside of the scope of the Brady Plan &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are available.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Agreements implemented under the Brady Plan to date are designed to achieve debt and debt-service reduction through specific options negotiated by &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;a debtor nation with its creditors. As a result, the financial packages offered by each country differ. The types of options have included:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the exchange of outstanding commercial bank debt for bonds issued at 100% of face value that carry a below-market stated rate of interest &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(generally known as par bonds);&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds issued at a discount from face value (generally known as discount bonds);&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds bearing an interest rate which increases over time; and&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds issued in exchange for the advancement of new money by existing lenders.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discount bonds issued to date under the framework of the Brady Plan have generally borne interest computed semiannually at a rate equal to 13/16th &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of one percent above current six-month LIBOR. Regardless of the stated face amount and interest rate of the various types of Brady Bonds, when &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investing in Brady Bonds, a fund will purchase Brady Bonds in secondary markets in which the price and yield to the investor reflect market conditions at &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the time of purchase.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Certain sovereign bonds are entitled to &#x201c;value recovery payments&#x201d; in certain circumstances, which in effect constitute supplemental interest payments &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;but generally are not collateralized. Certain Brady Bonds have been collateralized as to principal due at maturity (typically 15 to 30 years from the date &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of issuance) by U.S. Treasury zero coupon bonds with a maturity equal to the final maturity of such Brady Bonds, although the collateral is not available &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to investors until the final maturity of the Brady Bonds. Collateral purchases are financed by the International Monetary Fund (the &#x201c;IMF&#x201d;), the World Bank &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and the debtor nations&#x2019; reserves. In addition, interest payments on certain types of Brady Bonds may be collateralized by cash or high-grade securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in amounts that typically represent between 12 and 18 months of interest accruals on these instruments, with the balance of the interest accruals &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;being uncollateralized.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A fund may purchase Brady Bonds with no or limited collateralization, and must rely for payment of interest and (except in the case of principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;collateralized Brady Bonds) principal primarily on the willingness and ability of the foreign government to make payment in accordance with the terms of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the Brady Bonds.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Brady Bonds issued to date are purchased and sold in secondary markets through U.S. securities dealers and other financial institutions and are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;generally maintained through European transactional securities depositories. A substantial portion of the Brady Bonds and other sovereign debt &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities in which a fund invests are likely to be acquired at a discount.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit and Counterparty Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;This is the risk that an issuer of a U.S. government security, the issuer or guarantor of a fixed-income security, the counterparty to an over-the-counter &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(OTC) derivatives contract (see &#x201c;Hedging, derivatives, and other strategic transactions risk&#x201d;), or a borrower of a fund&#x2019;s securities will be unable or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;unwilling to make timely principal, interest, or settlement payments, or otherwise honor its obligations. Credit risk associated with investments in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities relates to the ability of the issuer to make scheduled payments of principal and interest on an obligation. A fund that invests in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities is subject to varying degrees of risk that the issuers of the securities will have their credit ratings downgraded or will default, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;potentially reducing the fund&#x2019;s share price and income level. Nearly all fixed-income securities are subject to some credit risk, which may vary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;depending upon whether the issuers of the securities are corporations, domestic or foreign governments, or their subdivisions or instrumentalities. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. government securities are subject to varying degrees of credit risk depending upon whether the securities are supported by the full faith and credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of the United States; supported by the ability to borrow from the U.S. Treasury; supported only by the credit of the issuing U.S. government agency, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;instrumentality, or corporation; or otherwise supported by the United States. For example, issuers of many types of U.S. government securities (e.g., the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Banks), &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;although chartered or sponsored by Congress, are not funded by congressional appropriations, and their fixed-income securities, including &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;asset-backed and mortgage-backed securities, are neither guaranteed nor insured by the U.S. government. An agency of the U.S. government has &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;placed Fannie Mae and Freddie Mac into conservatorship, a statutory process with the objective of returning the entities to normal business operations. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;It is unclear what effect this conservatorship will have on the securities issued or guaranteed by Fannie Mae or Freddie Mac. As a result, these securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are subject to more credit risk than U.S. government securities that are supported by the full faith and credit of the United States (e.g., U.S. Treasury &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds). When a fixed-income security is not rated, a manager may have to assess the risk of the security itself. Asset-backed securities, whose principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and interest payments are supported by pools of other assets, such as credit card receivables and automobile loans, are subject to further risks, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;including the risk that the obligors of the underlying assets default on payment of those assets.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Funds that invest in below-investment-grade securities, also called junk bonds (e.g., fixed-income securities rated Ba or lower by Moody&#x2019;s Investors &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Service, Inc. or BB or lower by S&amp;amp;P Global Ratings or Fitch Ratings, as applicable, at the time of investment, or determined by a manager to be of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;comparable quality to securities so rated) are subject to increased credit risk. The sovereign debt of many foreign governments, including their &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subdivisions and instrumentalities, falls into this category. Below-investment-grade securities offer the potential for higher investment returns than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;higher-rated securities, but they carry greater credit risk: their issuers&#x2019; continuing ability to meet principal and interest payments is considered &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;speculative, they are more susceptible to real or perceived adverse economic and competitive industry conditions, and they may be less liquid than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;higher-rated securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, a fund is exposed to credit risk to the extent that it makes use of OTC derivatives (such as forward foreign currency contracts and/or swap &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;contracts) and engages to a significant extent in the lending of fund securities or the use of repurchase agreements. OTC derivatives transactions can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be closed out with the other party to the transaction. If the counterparty defaults, a fund will have contractual remedies, but there is no assurance that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the counterparty will be able to meet its contractual obligations or that, in the event of default, a fund will succeed in enforcing them. A fund, therefore, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assumes the risk that it may be unable to obtain payments owed to it under OTC derivatives contracts or that those payments may be delayed or made &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;only after the fund has incurred the costs of litigation. While the manager intends to monitor the creditworthiness of contract counterparties, there can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be no assurance that the counterparty will be in a position to meet its obligations, especially during unusually adverse market conditions.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Equity Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common and preferred stocks represent equity ownership in a company. Stock markets are volatile. The price of equity securities will fluctuate, and can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;decline and reduce the value of a fund investing in equities. The price of equity securities fluctuates based on changes in a company&#x2019;s financial condition &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and overall market and economic conditions. The value of equity securities purchased by a fund could decline if the financial condition of the companies &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in which the fund is invested declines, or if overall market and economic conditions deteriorate. An issuer&#x2019;s financial condition could decline as a result &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of poor management decisions, competitive pressures, technological obsolescence, undue reliance on suppliers, labor issues, shortages, corporate &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;restructurings, fraudulent disclosures, irregular and/or unexpected trading activity among retail investors, or other factors. Changes in the financial &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;condition of a single issuer can impact the market as a whole.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Even a fund that invests in high-quality, or blue chip, equity securities, or securities of established companies with large market capitalizations (which &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;generally have strong financial characteristics), can be negatively impacted by poor overall market and economic conditions. Companies with large &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market capitalizations may also have less growth potential than smaller companies and may be less able to react quickly to changes in the marketplace.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund generally does not attempt to time the market. Because of its exposure to equities, the possibility that stock market prices in general will &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;decline over short or extended periods subjects the fund to unpredictable declines in the value of its investments, as well as periods of poor &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;performance.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit quality risk.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are subject to the risk that the issuer of the security will not repay all or a portion of the principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;borrowed and will not make all interest payments. If the credit quality of a fixed-income security deteriorates after a fund has purchased the security, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the market value of the security may decrease and lead to a decrease in the value of the fund&#x2019;s investments. An issuer&#x2019;s credit quality could &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deteriorate as a result of poor management decisions, competitive pressures, technological obsolescence, undue reliance on suppliers, labor &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issues, shortages, corporate restructurings, fraudulent disclosures, or other factors. Funds that may invest in lower-rated fixed-income securities, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;commonly referred to as junk securities, are riskier than funds that may invest in higher-rated fixed-income securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Interest-rate risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are affected by changes in interest rates. When interest rates decline, the market value of fixed-income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally can be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expected to decline. The longer the duration or maturity of a fixed-income security, the more susceptible it is to interest-rate risk. Duration is a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;measure of the price sensitivity of a debt security, or a fund that invests in a portfolio of debt securities, to changes in interest rates, whereas the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturity of a security measures the time until final payment is due. Duration measures sensitivity more accurately than maturity because it takes &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;into account the time value of cash flows generated over the life of a debt security. Recent and potential future changes in government monetary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;policy may affect interest rates.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning in March 2022, the Federal Reserve Board (Fed) began increasing interest rates and has signaled the potential for further increases. It is &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;difficult to accurately predict the pace at which the Fed will increase interest rates any further, or the timing, frequency or magnitude of any such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;increases, and the evaluation of macro-economic and other conditions could cause a change in approach in the future. Any such increases generally &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;will cause market interest rates to rise and could cause the value of a fund&#x2019;s investments, and the fund&#x2019;s net asset value (NAV), to decline, potentially &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;suddenly and significantly. As a result, the fund may experience high redemptions and, as a result, increased portfolio turnover, which could increase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the costs that the fund incurs and may negatively impact the fund&#x2019;s performance.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In response to certain economic disruptions, governmental authorities and regulators typically respond with significant fiscal and monetary policy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;changes, including considerably lowering interest rates, which, in some cases could result in negative interest rates. These actions, including their &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets and reduce market liquidity. To the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;extent the fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the fund would generate a negative return on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;that investment. Similarly, negative rates on investments by money market funds and similar cash management products could lead to losses on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments, including on investments of the fund&#x2019;s uninvested cash.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Investment-grade fixed-income securities in the lowest rating category risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment-grade fixed-income securities in the lowest rating &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;category (such as Baa by Moody&#x2019;s Investors Service, Inc. or BBB by S&amp;amp;P Global Ratings or Fitch Ratings, as applicable, and comparable unrated &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities) involve a higher degree of risk than fixed-income securities in the higher rating categories. While such securities are considered &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment-grade quality and are deemed to have adequate capacity for payment of principal and interest, such securities lack outstanding &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment characteristics and have speculative characteristics as well. For example, changes in economic conditions or other circumstances are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;more likely to lead to a weakened capacity to make principal and interest payments than is the case with higher-grade securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Prepayment of principal risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Many types of debt securities, including floating-rate loans, are subject to prepayment risk. Prepayment risk is the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk that, when interest rates fall, certain types of obligations will be paid off by the borrower more quickly than originally anticipated and the fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may have to invest the proceeds in securities with lower yields. Securities subject to prepayment risk can offer less potential for gains when the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;credit quality of the issuer improves.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Preferred and Convertible Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unlike interest on debt securities, preferred stock dividends are payable only if declared by the issuer&#x2019;s board. Also, preferred stock may be subject to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;optional or mandatory redemption provisions. The market values of convertible securities tend to fall as interest rates rise and rise as interest rates fall. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The value of convertible preferred stock can depend heavily upon the value of the security into which such convertible preferred stock is converted, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;depending on whether the market price of the underlying security exceeds the conversion price.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fixed-Income Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are generally subject to two principal types of risk, as well as other risks described below: (1) interest-rate risk and (2) credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;quality risk.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Hedging, Derivatives and Other Strategic Transactions Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The ability of the fund to utilize hedging, derivatives and other strategic transactions to benefit the fund will depend in part on the subadvisor&#x2019;s ability to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;predict pertinent market movements and market risk, counterparty risk, credit risk, interest-rate risk and other risk factors, none of which can be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assured. The skills required to utilize hedging and other strategic transactions are different from those needed to select the fund&#x2019;s securities. Even if the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subadvisor only uses hedging and other strategic transactions in the fund primarily for hedging purposes or to gain exposure to a particular securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market, if the transaction does not have the desired outcome, it could result in a significant loss to the fund. The amount of loss could be more than the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal amount invested. These transactions also may increase the volatility of the fund and may involve a small investment of cash relative to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;magnitude of the risks assumed, thereby magnifying the impact of any resulting gain or loss. For example, the potential loss from the use of futures can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exceed the fund&#x2019;s initial investment in such contracts. In addition, these transactions could result in a loss to the fund if the counterparty to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transaction does not perform as promised.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reference rates or indexes. Examples of derivative instruments include options, futures contracts, options on futures contracts, foreign currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;forward contracts and swap agreements (including, but not limited to, interest-rate swaps, total return swaps, credit default swaps and swaps on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-traded funds). Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may use derivatives for many purposes, including for hedging, and as a substitute for direct investment in securities or other assets. Derivatives may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;used in a way to efficiently adjust the exposure of the fund to various securities, markets and currencies without the fund actually having to sell existing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments and make new investments. This generally will be done when the adjustment is expected to be relatively temporary or in anticipation of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;effecting the sale of fund assets and making new investments over time. Further, since many derivatives have a leverage component, adverse changes in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the value or level of the underlying asset, reference rate or index can result in a loss substantially greater than the amount invested in the derivative &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;itself. Certain derivatives have the potential for unlimited loss, regardless of the size of the initial investment. When the fund uses derivatives for &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;leverage, investments in the fund will tend to be more volatile, resulting in larger gain or loss in response to market changes. For a description of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;various derivative instruments the fund may utilize and certain risk measures the fund may implement, refer to the SAI.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The regulation of the U.S. and non-U.S. derivatives markets has undergone substantial change in recent years and such change may continue. In &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;particular, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulations promulgated or proposed thereunder require many &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;derivatives to be cleared and traded on an exchange, expand entity registration requirements, impose business conduct requirements on dealers that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;enter into swaps with a pension plan, endowment, retirement plan or government entity, and required banks to move some derivatives trading units to a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-guaranteed affiliate separate from the deposit-taking bank or divest them altogether. Although the CFTC has released final rules relating to clearing, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reporting, recordkeeping and registration requirements under the legislation, many of the provisions are subject to further final rule making, and thus &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;its ultimate impact remains unclear. New regulations could, among other things, restrict the fund&#x2019;s ability to engage in derivatives transactions (for &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;example, by making certain types of derivatives transactions no longer available to the fund) and/or increase the costs of such derivatives transactions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(for example, by increasing margin or capital requirements), and the fund may be unable to fully execute its investment strategies as a result. Limits or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;restrictions applicable to the counterparties with which the fund engages in derivative transactions also could prevent the fund from using these &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;instruments or affect the pricing or other factors relating to these instruments, or may change the availability of certain investments.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, the regulation of the U.S. and non-U.S. derivatives markets has undergone substantial change in recent years and such change may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;continue. In particular, effective August 19, 2022 (the Compliance Date), the Derivatives Rule replaced the asset segregation regime of Investment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Company Act Release No. 10666 (Release 10666) with a new framework for the use of derivatives by registered funds. As of the Compliance Date, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;SEC rescinded Release 10666 and withdrew no-action letters and similar guidance addressing a fund&#x2019;s use of derivatives and began requiring funds to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;satisfy the requirements of the Derivatives Rule. As a result, on or after the Compliance Date, the funds will no longer engage in &#x201c;segregation&#x201d; or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;coverage&#x201d; techniques with respect to derivatives transactions and will instead comply with the applicable requirements of the Derivatives Rule.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Derivatives Rule mandates that a fund adopt and/or implement: (i) value-at-risk limitations (VaR); (ii) a written derivatives risk management &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;program; (iii) new Board oversight responsibilities; and (iv) new reporting and recordkeeping requirements. In the event that a fund&#x2019;s derivative exposure &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;is 10% or less of its net assets, excluding certain currency and interest rate hedging transactions, it can elect to be classified as a limited derivatives &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;user (Limited Derivatives User) under the Derivatives Rule, in which case the fund is not subject to the full requirements of the Derivatives Rule. Limited &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives Users are excepted from VaR testing, implementing a derivatives risk management program, and certain Board oversight and reporting &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements mandated by the Derivatives Rule. However, a Limited Derivatives User is still required to implement written compliance policies and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;procedures reasonably designed to manage its derivatives risks.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Derivatives Rule also provides special treatment for reverse repurchase agreements, similar financing transactions and unfunded commitment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;agreements. Specifically, a fund may elect whether to treat reverse repurchase agreements and similar financing transactions as &#x201c;derivatives &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transactions&#x201d; subject to the requirements of the Derivatives Rule or as senior securities equivalent to bank borrowings for purposes of Section 18 of the &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment Company Act of 1940. In addition, when-issued or forward settling securities transactions that physically settle within 35-days are deemed &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;not to involve a senior security.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;At any time after the date of this prospectus, legislation may be enacted that could negatively affect the assets of the fund. Legislation or regulation may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;change the way in which the fund itself is regulated. The Adviser cannot predict the effects of any new governmental regulation that may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;implemented, and there can be no assurance that any new governmental regulation will not adversely affect the fund&#x2019;s ability to achieve its investment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;objectives.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The use of derivative instruments may involve risks different from, or potentially greater than, the risks associated with investing directly in securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and other, more traditional assets. In particular, the use of derivative instruments exposes the fund to the risk that the counterparty to an OTC &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;typically can only be closed out with the other party to the transaction, although either party may engage in an offsetting transaction that puts that party &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in the same economic position as if it had closed out the transaction with the counterparty or may obtain the other party&#x2019;s consent to assign the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transaction to a third party. If the counterparty defaults, the fund will have contractual remedies, but there is no assurance that the counterparty will &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;meet its contractual obligations or that, in the event of default, the fund will succeed in enforcing them. For example, because the contract for each OTC &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;derivatives transaction is individually negotiated with a specific counterparty, the fund is subject to the risk that a counterparty may interpret &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;contractual terms (e.g., the definition of default) differently than the fund when the fund seeks to enforce its contractual rights. If that occurs, the cost &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and unpredictability of the legal proceedings required for the fund to enforce its contractual rights may lead it to decide not to pursue its claims against &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the counterparty. The fund, therefore, assumes the risk that it may be unable to obtain payments owed to it under OTC derivatives contracts or that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;those payments may be delayed or made only after the fund has incurred the costs of litigation. While a manager intends to monitor the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;creditworthiness of counterparties, there can be no assurance that a counterparty will meet its obligations, especially during unusually adverse market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;conditions. To the extent the fund contracts with a limited number of counterparties, the fund&#x2019;s risk will be concentrated and events that affect the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;creditworthiness of any of those counterparties may have a pronounced effect on the fund. Derivatives are also subject to a number of other risks, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;including market risk and liquidity risk. Since the value of derivatives is calculated and derived from the value of other assets, instruments, or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;references, there is a risk that they will be improperly valued. Derivatives also involve the risk that changes in their value may not correlate perfectly with &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the assets, rates, or indexes they are designed to hedge or closely track. Suitable derivatives transactions may not be available in all circumstances. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund is also subject to the risk that the counterparty closes out the derivatives transactions upon the occurrence of certain triggering events. In &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;addition, a manager may determine not to use derivatives to hedge or otherwise reduce risk exposure. Government legislation or regulation could affect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the use of derivatives transactions and could limit the fund&#x2019;s ability to pursue its investment strategies.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following is a list of certain derivatives and other strategic transactions that the fund may utilize and the main risks associated with each of them:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit default swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), interest-rate risk, settlement risk, risk of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;default of the underlying reference obligation and risk of disproportionate loss are the principal risks of engaging in transactions involving credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;default swaps.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign currency forward contracts&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), foreign currency risk &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and risk of disproportionate loss are the principal risks of engaging in transactions involving foreign currency forward contracts.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign currency swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), foreign currency risk and risk of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;disproportionate loss are the principal risks of engaging in transactions involving foreign currency swaps.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Futures contracts&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions) and risk of disproportionate loss are the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal risks of engaging in transactions involving futures contracts.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Interest-rate swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), interest-rate risk and risk of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;disproportionate loss are the principal risks of engaging in transactions involving interest-rate swaps.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Options and currency option&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions) and risk of disproportionate loss &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are the principal risks of engaging in transactions involving options, including currency options. Counterparty risk does not apply to exchange-traded &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;options.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), interest-rate risk, settlement risk, risk of default of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;underlying reference obligation and risk of disproportionate loss are the principal risks of engaging in transactions involving swaps, including credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;default swaps and total return swaps.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Illiquid and Restricted Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may have significant exposure to restricted securities. Restricted securities are securities with restrictions on public resale, such as securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;offered in accordance with an exemption under Rule 144A under the Securities Act of 1933 (the &#x201c;1933 Act&#x201d;), or commercial paper issued under &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Section 4(a)(2) of the 1933 Act. Restricted securities are often required to be sold in private sales to institutional buyers, markets for restricted &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities may or may not be well developed, and restricted securities can be illiquid. The extent (if at all) to which a security may be sold or a derivative &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;position closed without negatively impacting its market value may be impaired by reduced market activity or participation, legal restrictions or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;economic and market impediments. Funds with principal investment strategies that involve investments in securities of companies with smaller market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;capitalizations, foreign securities, derivatives, or securities with substantial market and/or credit risk tend to have the greatest exposure to liquidity &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk. Exposure to liquidity risk may be heightened for funds that invest in securities of emerging markets and related derivatives that are not widely &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;traded, and that may be subject to purchase and sale restrictions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The capacity of traditional dealers to engage in fixed-income trading has not kept pace with the bond market&#x2019;s growth. As a result, dealer inventories of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;corporate bonds, which indicate the ability to &#x201c;make markets,&#x201d; i.e., buy or sell a security at the quoted bid and ask price, respectively, are at or near &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;historic lows relative to market size. Because market makers provide stability to fixed-income markets, the significant reduction in dealer inventories &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could lead to decreased liquidity and increased volatility, which may become exacerbated during periods of economic or political stress.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Lower-Rated and High-Yield Fixed-Income Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lower-rated fixed-income securities and high-yield fixed-income securities (both commonly known as &#x201c;junk bonds&#x201d;) are subject to the same risks as &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;other fixed-income securities but have greater credit quality risk and may be considered speculative. In addition, lower-rated corporate debt securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(and comparable unrated securities) tend to be more sensitive to individual corporate developments and changes in economic conditions than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;higher-rated corporate fixed-income securities. Issuers of lower-rated corporate debt securities may also be highly leveraged, increasing the risk that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal and income will not be repaid. Lower-rated foreign government fixed-income securities are subject to the risks of investing in foreign countries &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;described under &#x201c;Foreign securities risk.&#x201d; In addition, the ability and willingness of a foreign government to make payments on debt when due may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;affected by the prevailing economic and political conditions within the country. Emerging-market countries may experience high inflation, interest rates &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and unemployment, as well as exchange rate fluctuations which adversely affect trade and political uncertainty or instability. These factors increase the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk that a foreign government will not make payments when due.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lower-rated fixed-income securities are defined as securities rated below investment grade (such as Ba and below by Moody&#x2019;s Investors Service, Inc. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and BB and below by Standard and Poor&#x2019;s Ratings Services) (also called junk bonds). The general risks of investing in these securities are as follows:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Risk to principal and income.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investing in lower-rated fixed-income securities is considered speculative. While these securities generally provide greater income potential than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments in higher-rated securities, there is a greater risk that principal and interest payments will not be made. Issuers of these securities may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;even go into default or become bankrupt.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Price volatility.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The price of lower-rated fixed-income securities may be more volatile than securities in the higher-rated categories. This volatility may increase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;during periods of economic uncertainty or change. The price of these securities is affected more than higher-rated fixed-income securities by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market&#x2019;s perception of their credit quality, especially during times of adverse publicity. In the past, economic downturns or increases in interest rates &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;have, at times, caused more defaults by issuers of these securities and may do so in the future. Economic downturns and increases in interest rates &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;have an even greater effect on highly leveraged issuers of these securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liquidity.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The market for lower-rated fixed-income securities may have more limited trading than the market for investment-grade fixed-income securities. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Therefore, it may be more difficult to sell these securities, and these securities may have to be sold at prices below their market value in order to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;meet redemption requests or to respond to changes in market conditions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Dependence on manager&#x2019;s own credit analysis.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;While a manager may rely on ratings by established credit rating agencies, it will also supplement such ratings with its own independent review of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;credit quality of the issuer. Therefore, the assessment of the credit risk of lower-rated fixed-income securities is more dependent on the manager&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;evaluation than the assessment of the credit risk of higher-rated securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Additional risks regarding lower-rated corporate fixed-income securities.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lower-rated corporate fixed-income securities (and comparable unrated securities) tend to be more sensitive to individual corporate developments &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and changes in economic conditions than higher-rated corporate fixed-income securities. Issuers of lower-rated corporate fixed-income securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may also be highly leveraged, increasing the risk that principal and income will not be repaid.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Mortgage-backed and asset-backed securities risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Mortgage-backed securities.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed securities represent participating interests in pools of residential mortgage loans, which are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;guaranteed by the U.S. government, its agencies, or its instrumentalities. However, the guarantee of these types of securities relates to the principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and interest payments, and not to the market value of such securities. In addition, the guarantee only relates to the mortgage-backed securities held &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;by the fund and not the purchase of shares of the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;margin-left:12pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed securities are issued by lenders, such as mortgage bankers, commercial banks, and savings and loan associations. Such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities differ from conventional debt securities, which provide for the periodic payment of interest in fixed amounts (usually semiannually) with &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal payments at maturity or on specified dates. Mortgage-backed securities provide periodic payments which are, in effect, a pass-through of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the interest and principal payments (including any prepayments) made by the individual borrowers on the pooled mortgage loans. A &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;mortgage-backed security will mature when all the mortgages in the pool mature or are prepaid. Therefore, mortgage-backed securities do not have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;a fixed maturity and their expected maturities may vary when interest rates rise or fall.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;When interest rates fall, homeowners are more likely to prepay their mortgage loans. An increased rate of prepayments on the fund&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;mortgage-backed securities will result in an unforeseen loss of interest income to the fund as the fund may be required to reinvest assets at a lower &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;interest rate. Because prepayments increase when interest rates fall, the prices of mortgage-backed securities do not increase as much as other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities when interest rates fall.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;When interest rates rise, homeowners are less likely to prepay their mortgage loans. A decreased rate of prepayments lengthens the expected &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturity of a mortgage-backed security. Therefore, the prices of mortgage-backed securities may decrease more than prices of other fixed-income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities when interest rates rise.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The yield of mortgage-backed securities is based on the average life of the underlying pool of mortgage loans. The actual life of any particular pool &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be shortened by unscheduled or early payments of principal and interest. Principal prepayments may result from the sale of the underlying &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;property or the refinancing or foreclosure of underlying mortgages. The occurrence of prepayments is affected by a wide range of economic, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;demographic, and social factors and, accordingly, it is not possible to accurately predict the average life of a particular pool. The actual prepayment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;experience of a pool of mortgage loans may cause the yield realized by the fund to differ from the yield calculated on the basis of the average life of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the pool. In addition, if the fund purchases mortgage-backed securities at a premium, the premium may be lost in the event of early prepayment, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;which may result in a loss to the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Prepayments tend to increase during periods of falling interest rates, while during periods of rising interest rates, prepayments are likely to decline. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Monthly interest payments received by a fund have a compounding effect, which will increase the yield to shareholders as compared to debt &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations that pay interest semiannually. Because of the reinvestment of prepayments of principal at current rates, mortgage-backed securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be less effective than U.S. Treasury bonds of similar maturity at maintaining yields during periods of declining interest rates. Also, although the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value of debt securities may increase as interest rates decline, the value of these pass-through types of securities may not increase as much, due to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;their prepayment feature.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Collateralized mortgage obligations (CMOs)&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. A fund may invest in mortgage-backed securities called CMOs. CMOs are issued in separate &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;classes with different stated maturities. As the mortgage pool experiences prepayments, the pool pays off investors in classes with shorter &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturities first. By investing in CMOs, a fund may manage the prepayment risk of mortgage-backed securities. However, prepayments may cause the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;actual maturity of a CMO to be substantially shorter than its stated maturity.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Asset-backed securities&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Asset-backed securities include interests in pools of debt securities, commercial or consumer loans, or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;receivables. The value of these securities depends on many factors, including changes in interest rates, the availability of information concerning the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;pool and its structure, the credit quality of the underlying assets, the market&#x2019;s perception of the servicer of the pool, and any credit enhancement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;provided. In addition, asset-backed securities have prepayment risks similar to mortgage-backed securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Mortgage Dollar Rolls.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under a mortgage dollar roll, the Fund sells mortgage-backed securities for delivery in the future (generally within 30 days) &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and simultaneously contracts to repurchase substantially similar (same type, coupon and maturity) securities on a specified future date.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2009;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;At the time &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the Fund enters into a mortgage dollar roll, it will maintain on its records liquid assets such as cash or U.S. government securities equal in value to its &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations in respect of dollar rolls, and accordingly, such dollar rolls will not be considered borrowings.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2009;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Fund may only enter into covered rolls. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A &#x201c;covered roll&#x201d; is a specific type of dollar roll for which there is an offsetting cash or cash equivalent security position that matures on or before the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;forward settlement date of the dollar roll transaction. Dollar roll transactions involve the risk that the market value of the securities sold by the Fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may decline below the repurchase price of those securities. While a mortgage dollar roll may be considered a form of leveraging, and may, therefore, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;increase fluctuations in the Fund&#x2019;s NAV per share, the Fund will cover the transaction as described above.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign Investment Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Funds that invest in securities traded principally in securities markets outside the United States. are subject to additional and more varied risks, as the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value of non-U.S. securities may change more rapidly and extremely than the value of U.S. securities. Less information may be publicly available &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;regarding non-U.S. issuers. Non-U.S. securities may be subject to non-U.S. taxes and may be more volatile than U.S. securities. Currency fluctuations &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and political and economic developments may adversely impact the value of foreign securities. The securities markets of many foreign countries are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;relatively small, with a limited number of companies representing a small number of industries. Additionally, issuers of non-U.S. securities may not be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subject to the same degree of regulation as U.S. issuers. Reporting, accounting and auditing standards of foreign countries differ, in some cases &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;significantly, from U.S. standards. There generally are higher commission rates on non-U.S. portfolio transactions, transfer taxes, higher custodial costs &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and the possibility that non-U.S. taxes will be charged on dividends and interest payable on non-U.S. securities, some or all of which may not be &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reclaimable. Also, adverse changes in investment or exchange control regulations (which may include suspension of the ability to transfer currency or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets from a country), political changes or diplomatic developments could adversely affect the fund&#x2019;s investments. In the event of nationalization, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expropriation, confiscatory taxation, or other confiscation, the fund could lose a substantial portion of, or its entire investment, in a non-U.S. security. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Some of the non-U.S. Investments securities risks also are applicable to funds that invest a material portion of their assets in securities of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-U.S. issuers traded in the United States.&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:5.0pt;text-align:left"&gt;&lt;div style="margin-top:5pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Currency risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of the fund&#x2019;s investments. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Currency risk includes both the risk that currencies in which a fund&#x2019;s investments are traded, or currencies in which a fund has taken an active &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may engage in proxy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;hedging of currencies by entering into derivative transactions with respect to a currency whose value is expected to correlate to the value of a currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund owns or wants to own. This presents the risk that the two currencies may not move in relation to one another as expected. In that case, the fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could lose money on its investment and also lose money on the position designed to act as a proxy hedge. Certain funds may also take active currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund&#x2019;s currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk. Leverage may disproportionately increase a fund&#x2019;s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;rates are changing.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Repurchase Agreement Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Repurchase agreements are arrangements involving the purchase of an obligation and the simultaneous agreement to resell the same obligation on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;demand or at a specified future date and at an agreed-upon price. A repurchase agreement can be viewed as a loan made by a fund to the seller of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligation with such obligation serving as collateral for the seller&#x2019;s agreement to repay the amount borrowed with interest. Repurchase agreements &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;provide the opportunity to earn a return on cash that is only temporarily available. Repurchase agreements may be entered with banks, brokers, or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;dealers. However, a repurchase agreement will only be entered with a broker or dealer if the broker or dealer agrees to deposit additional collateral &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;should the value of the obligation purchased decrease below the resale price.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Generally, repurchase agreements are of a short duration, often less than one week but on occasion for longer periods. Securities subject to repurchase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;agreements will be valued every business day and additional collateral will be requested if necessary so that the value of the collateral is at least equal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to the value of the repurchase obligation, including the interest accrued thereon.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A subadvisor shall engage in a repurchase agreement transaction only with those banks or broker dealers who meet the subadvisor&#x2019;s quantitative and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;qualitative criteria regarding creditworthiness, asset size and collateralization requirements. The Advisor also may engage in repurchase agreement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transactions on behalf of the funds. The counterparties to a repurchase agreement transaction are limited to a:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Federal Reserve System member bank;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;primary government securities dealer reporting to the Federal Reserve Bank of New York&#x2019;s Market Reports Division; or&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;broker dealer that reports U.S. government securities positions to the Federal Reserve Board.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A fund also may participate in repurchase agreement transactions utilizing the settlement services of clearing firms that meet the subadvisors' &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;creditworthiness requirements.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Advisor and the subadvisors will continuously monitor repurchase agreement transactions to ensure that the collateral held with respect to a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;repurchase agreement equals or exceeds the amount of the obligation.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The risk of a repurchase agreement transaction is limited to the ability of the seller to pay the agreed-upon sum on the delivery date. In the event of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bankruptcy or other default by the seller, the instrument purchased may decline in value, interest payable on the instrument may be lost and there may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be possible difficulties and delays in obtaining collateral and delays and expense in liquidating the instrument. If an issuer of a repurchase agreement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fails to repurchase the underlying obligation, the loss, if any, would be the difference between the repurchase price and the underlying obligation&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market value. A fund also might incur certain costs in liquidating the underlying obligation. Moreover, if bankruptcy or other insolvency proceedings are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;commenced with respect to the seller, realization upon the underlying obligation might be delayed or limited.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Reverse Repurchase Agreement Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under a reverse repurchase agreement, a fund sells a debt security and agrees to repurchase it at an agreed-upon time and at an agreed-upon price. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund retains record ownership of the security and the right to receive interest and principal payments thereon. At an agreed-upon future date, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund repurchases the security by remitting the proceeds previously received, plus interest. The difference between the amount the fund receives for the &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;security and the amount it pays on repurchase is payment of interest. In certain types of agreements, there is no agreed-upon repurchase date and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;interest payments are calculated daily, often based on the prevailing overnight repurchase rate. A reverse repurchase agreement may be considered a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;form of leveraging and may, therefore, increase fluctuations in a fund&#x2019;s NAV per share.&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sovereign Debt Obligations Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;An investment in debt obligations of non-U.S. governments and their political subdivisions (sovereign debt), whether denominated in U.S. dollars or a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;foreign currency, involves special risks that are not present in corporate debt obligations. The non-U.S. issuer of the sovereign debt or the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-U.S. governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or pay interest when due, and the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund may have limited recourse in the event of a default. During periods of economic uncertainty, the market prices of sovereign debt may be more &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;volatile than prices of debt obligations of U.S. issuers. In the past, certain non-U.S. countries have encountered difficulties in servicing their debt &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations, withheld payments of principal and interest and declared moratoria on the payment of principal and interest on their sovereign debt. A &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sovereign debtor&#x2019;s willingness or ability to repay principal and pay interest in a timely manner may be affected by, among other factors, its cash flow &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;situation, the extent of its foreign currency reserves, the availability of sufficient foreign exchange, the relative size of the debt service burden, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sovereign debtor&#x2019;s policy toward its principal international lenders and local political constraints. Sovereign debtors also may be dependent on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expected disbursements from non-U.S. governments, multilateral agencies and other entities to reduce principal and interest arrearages on their debt. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The failure of a sovereign debtor to implement economic reforms, achieve specified levels of economic performance or repay principal or interest when &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;due may result in the cancellation of third-party commitments to lend funds to the sovereign debtor, which may further impair such debtor&#x2019;s ability or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;willingness to service its debts.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S. Government Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may invest in U.S. government securities issued or guaranteed by the U.S. government or by an agency or instrumentality of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. government. Not all U.S. government securities are backed by the full faith and credit of the United States. Some are supported only by the credit of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the issuing agency or instrumentality, which depends entirely on its own resources to repay the debt. U.S. government securities that are backed by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;full faith and credit of the United States include U.S. Treasuries and mortgage-backed securities guaranteed by the Government National Mortgage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Association. Securities that are only supported by the credit of the issuing agency or instrumentality include Fannie Mae, FHLBs and Freddie Mac. See &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;Credit and counterparty risk&#x201d; for additional information on Fannie Mae and Freddie Mac securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Warrants Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Warrants are rights to purchase securities at specific prices and are valid for a specific period of time. Warrant prices do not necessarily move parallel to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the prices of the underlying securities, and warrant holders receive no dividends and have no voting rights or rights with respect to the assets of an &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issuer. The price of a warrant may be more volatile than the price of its underlying security, and a warrant may offer greater potential for capital &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;appreciation as well as capital loss. Warrants cease to have value if not exercised prior to the expiration date. These factors can make warrants more &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;speculative than other types of investments.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskFactorsTableTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_AntiTakeoverProvisionsMembercefRiskAxis"
      id="ixv-5570">&lt;div style="line-height:11.0pt;margin-top:9pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Anti-Takeover Provisions&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s Declaration of Trust includes provisions that could limit the ability of other persons or entities to acquire control of the fund or to change the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;composition of its Board. These provisions may deprive shareholders of opportunities to sell their Common Shares at a premium over the then current &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market price of the Common Shares. See &#x201c;Certain Provisions in the Declaration of Trust and By-Laws&#x2014;Anti-takeover provisions.&#x201d;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_DefensivePositionsRiskMembercefRiskAxis"
      id="ixv-5580">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Defensive Positions Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;During periods of adverse market or economic conditions, the fund may temporarily invest all or a substantial portion of its total assets in short-term &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;money market instruments, securities with remaining maturities of less than one year, cash or cash equivalents. The fund will not be pursuing its &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment objectives in these circumstances and could miss favorable market developments.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_DistributionRiskMembercefRiskAxis"
      id="ixv-5590">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Distribution Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There can be no assurance that quarterly distributions paid by the fund to shareholders will be maintained at current levels or increase over time. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;quarterly distributions shareholders receive from the fund are derived from the fund&#x2019;s dividends and interest income after payment of fund expenses, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;net option premiums and net realized gain on equity securities investments. If stock market volatility and/or stock prices decline, the premiums &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available from writing call options and writing put options on individual stocks likely will decrease as well. Payments to purchase put options and to close &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;written call and put options will reduce amounts available for distribution. Net realized gain on the fund&#x2019;s stock investments will be determined primarily &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;by the direction and movement of the stock market and the equity securities held. The fund&#x2019;s cash available for distribution may vary widely over the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;short- and long-term. If, for any calendar year, the total distributions made exceed the fund&#x2019;s net investment taxable income and net capital gain, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;excess generally will be treated as a return of capital to each Common Shareholder (up to the amount of the Common Shareholder&#x2019;s basis in his or her &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shares) and thereafter as gain from the sale of Common Shares. The amount treated as a return of capital reduces the Common Shareholder&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;adjusted basis in his or her Common Shares, thereby increasing his or her potential gain or reducing his or her potential loss on the subsequent sale of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;his or her Common Shares. Distributions in any year may include a substantial return of capital component. Dividends on common stocks are not fixed &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;but are declared at the discretion of the issuer&#x2019;s board of directors.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_EconomicAndMarketEventsRiskMembercefRiskAxis"
      id="ixv-5609">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Economic and market events risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="-sec-ix-redline:true;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Events in certain sectors historically have resulted, and may in the future result, in an unusually high degree of volatility in the financial markets, both domestic and foreign. These events have included, but are not limited to: bankruptcies, corporate restructurings, and other similar events&lt;div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;"&gt;; bank failures&lt;/div&gt;; governmental efforts to limit short selling and high frequency trading; measures to address U.S. federal and state budget deficits; social, political, and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;economic instability in Europe; economic stimulus by the Japanese central bank; dramatic changes in energy prices and currency exchange rates; and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;China&#x2019;s economic slowdown. Interconnected global economies and financial markets increase the possibility that conditions in one country or region &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;might adversely impact issuers in a different country or region. Both domestic and foreign equity markets have experienced increased volatility and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;turmoil, with issuers that have exposure to the real estate, mortgage, and credit markets particularly affected. Financial institutions could suffer losses &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as interest rates rise or economic conditions deteriorate.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, relatively high market volatility and reduced liquidity in credit and fixed-income markets may adversely affect many issuers worldwide. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Actions taken by the U.S. Federal Reserve (Fed) or foreign central banks to stimulate or stabilize economic growth, such as interventions in currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;markets, could cause high volatility in the equity and fixed-income markets. Reduced liquidity may result in less money being available to purchase raw &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;materials, goods, and services from emerging markets, which may, in turn, bring down the prices of these economic staples. It may also result in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;emerging-market issuers having more difficulty obtaining financing, which may, in turn, cause a decline in their securities prices.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning in March 2022, the Fed began increasing interest rates and has signaled the potential for further increases. As a result, risks associated with &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;rising interest rates are currently heightened. It is difficult to accurately predict the pace at which the Fed will increase interest rates any further, or the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;timing, frequency or magnitude of any such increases, and the evaluation of macro-economic and other conditions could cause a change in approach in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the future. Any such increases generally will cause market interest rates to rise and could cause the value of a fund&#x2019;s investments, and the fund&#x2019;s net &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;asset value (NAV), to decline, potentially suddenly and significantly. As a result, the fund may experience high redemptions and, as a result, increased &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;portfolio turnover, which could increase the costs that the fund incurs and may negatively impact the fund&#x2019;s performance.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, as the Fed increases the target Fed funds rate, any such rate increases, among other factors, could cause markets to experience continuing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;high volatility. A significant increase in interest rates may cause a decline in the market for equity securities. These events and the possible resulting &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market volatility may have an adverse effect on the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Political turmoil within the United States and abroad may also impact the fund. Although the U.S. government has honored its credit obligations, it &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;remains possible that the United States could default on its obligations. While it is impossible to predict the consequences of such an unprecedented &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;event, it is likely that a default by the United States would be highly disruptive to the U.S. and global securities markets and could significantly impair the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value of the fund&#x2019;s investments. Similarly, political events within the United States at times have resulted, and may in the future result, in a shutdown of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;government services, which could negatively affect the U.S. economy, decrease the value of many fund investments, and increase uncertainty in or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;impair the operation of the U.S. or other securities markets. In recent years, the U.S. renegotiated many of its global trade relationships and imposed or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;threatened to impose significant import tariffs. These actions could lead to price volatility and overall declines in U.S. and global investment markets.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Uncertainties surrounding the sovereign debt of a number of European Union (EU) countries and the viability of the EU have disrupted and may in the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;future disrupt markets in the United States and around the world. If one or more countries leave the EU or the EU dissolves, the global securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;markets likely will be significantly disrupted. On January 31, 2020, the United Kingdom (UK) left the EU, commonly referred to as &#x201c;Brexit,&#x201d; the UK &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;ceased to be a member of the EU, and the UK and EU entered into a Trade and Cooperation Agreement. While the full impact of Brexit is unknown, Brexit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;has already resulted in volatility in European and global markets. There remains significant market uncertainty regarding Brexit&#x2019;s ramifications, and the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;range and potential implications of possible political, regulatory, economic, and market outcomes are difficult to predict.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;lead to less liquidity in certain instruments, industries, sectors or the markets generally, and may ultimately affect fund performance. For example, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;coronavirus (COVID-19) pandemic has resulted and may continue to result in significant disruptions to global business activity and market volatility due &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to disruptions in market access, resource availability, facilities operations, imposition of tariffs, export controls and supply chain disruption, among &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;others. While many countries have lifted some or all restrictions related to the coronavirus (COVID-19) and the United States ended the public health &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;emergency and national emergency declarations relating to the coronavirus (COVID-19) pandemic on May 11, 2023, the continued impact of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;coronavirus (COVID-19) and related variants is uncertain. The impact of a health crisis and other epidemics and pandemics that may arise in the future, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;political, social and economic risks. Any such impact could adversely affect the fund&#x2019;s performance, resulting in losses to your investment.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Political and military events, including in Ukraine, North Korea, Russia, Venezuela, Iran, Syria, and other areas of the Middle East, and nationalist unrest &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in Europe and South America, also may cause market disruptions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As a result of continued political tensions and armed conflicts, including the Russian invasion of Ukraine commencing in February of 2022, the extent &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and ultimate result of which are unknown at this time, the United States and the EU, along with the regulatory bodies of a number of countries, have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;imposed economic sanctions on certain Russian corporate entities and individuals, and certain sectors of Russia&#x2019;s economy, which may result in, among &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;other things, the continued devaluation of Russian currency, a downgrade in the country&#x2019;s credit rating, and/or a decline in the value and liquidity of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Russian securities, property or interests. These sanctions could also result in the immediate freeze of Russian securities and/or funds invested in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;prohibited assets, impairing the ability of a fund to buy, sell, receive or deliver those securities and/or assets. These sanctions or the threat of additional &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sanctions could also result in Russia taking counter measures or retaliatory actions, which may further impair the value and liquidity of Russian &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities. The United States and other nations or international organizations may also impose additional economic sanctions or take other actions that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may adversely affect Russia-exposed issuers and companies in various sectors of the Russian economy. Any or all of these potential results could lead &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Russia&#x2019;s economy into a recession. Economic sanctions and other actions against Russian institutions, companies, and individuals resulting from the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;ongoing conflict may also have a substantial negative impact on other economies and securities markets both regionally and globally, as well as on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;companies with operations in the conflict region, the extent to which is unknown at this time. The United States and the EU have also imposed similar &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sanctions on Belarus for its support of Russia&#x2019;s invasion of Ukraine. Additional sanctions may be imposed on Belarus and other countries that support &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Russia. Any such sanctions could present substantially similar risks as those resulting from the sanctions imposed on Russia, including substantial &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;negative impacts on the regional and global economies and securities markets.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, there is a risk that the prices of goods and services in the United States and many foreign economies may decline over time, known as &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deflation. Deflation may have an adverse effect on stock prices and creditworthiness and may make defaults on debt more likely. If a country&#x2019;s economy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;slips into a deflationary pattern, it could last for a prolonged period and may be difficult to reverse. Further, there is a risk that the present value of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets or income from investments will be less in the future, known as inflation. Inflation rates may change frequently and drastically as a result of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;various factors, including unexpected shifts in the domestic or global economy, and a fund&#x2019;s investments may be affected, which may reduce a fund&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;performance. Further, inflation may lead to the rise in interest rates, which may negatively affect the value of debt instruments held by the fund, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;resulting in a negative impact on a fund&#x2019;s performance. Generally, securities issued in emerging markets are subject to a greater risk of inflationary or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deflationary forces, and more developed markets are better able to use monetary policy to normalize markets.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_ESGIntegrationRiskMembercefRiskAxis"
      id="ixv-5729">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;ESG Integration Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The manager considers ESG factors that it deems relevant or additive, along with other material factors and analysis, when managing the fund. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;manager may consider these ESG factors on all or a meaningful portion of the fund&#x2019;s investments. In certain situations, the extent to which these ESG &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;factors may be applied according to the manager&#x2019;s integrated investment process may not include U.S. Treasuries, government securities, or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;asset classes. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;rights policies. Incorporating ESG criteria and making investment decisions based on certain ESG characteristics, as determined by the manager, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;carries the risk that the fund may perform differently, including underperforming, funds that do not utilize ESG criteria, or funds that utilize different ESG &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;criteria. Integration of ESG factors into the fund&#x2019;s investment process may result in a manager making different investments for the fund than for a fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;with a similar investment universe and/or investment style that does not incorporate such considerations in its investment strategy or processes, and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund&#x2019;s investment performance may be affected. Because ESG factors are one of many considerations for the fund, the manager may nonetheless &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;include companies with low ESG characteristics or exclude companies with high ESG characteristics in the fund&#x2019;s investments.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The ESG characteristics utilized in the fund&#x2019;s investment process may change over time, and different ESG characteristics may be relevant to different &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments. Although the manager has established its own structure to oversee ESG integration in accordance with the fund&#x2019;s investment objective and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;strategies, successful integration of ESG factors will depend on the manager&#x2019;s skill in researching, identifying, and applying these factors, as well as on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the availability of relevant data. The method of evaluating ESG factors and subsequent impact on portfolio composition, performance, proxy voting &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;decisions and other factors, is subject to the interpretation of the manager in accordance with the fund&#x2019;s investment objective and strategies. ESG &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;factors may be evaluated differently by different managers, and may not carry the same meaning to all investors and managers. The manager may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;employ active shareowner engagement to raise ESG issues with the management of select portfolio companies. The regulatory landscape with respect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to ESG investing in the United States is evolving and any future rules or regulations may require the fund to change its investment process with respect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to ESG integration.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_FixedIncomeSecuritiesRiskOneMembercefRiskAxis"
      id="ixv-5777">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fixed-income securities risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are generally subject to two principal types of risk, as well as other risks described below: (1) interest-rate risk and (2) credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;quality risk.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Interest Rate Risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are affected by changes in interest rates. When interest rates decline, the market value of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;can be expected to decline. Recent and potential future changes in government monetary policy may affect interest rates.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The longer a fixed-income security&#x2019;s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. Duration is a measure used to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;determine the sensitivity of a security&#x2019;s price to changes in interest rates that incorporates a security&#x2019;s yield, coupon, final maturity, and call features, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;among other characteristics. All other things remaining equal, for each one percentage point increase in interest rates, the value of a portfolio of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income investments would generally be expected to decline by one percent for every year of the portfolio&#x2019;s average duration above zero. For &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;example, the price of a bond fund with an average duration of eight years would be expected to fall approximately 8% if interest rates rose by one &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;percentage point. The maturity of a security, another commonly used measure of price sensitivity, measures only the time until final payment is due, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;whereas duration takes into account the pattern of all payments of interest and principal on a security over time, including how these payments are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;affected by prepayments and by changes in interest rates, as well as the time until an interest rate is reset (in the case of variable-rate securities).&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning in March 2022, the Fed began increasing interest rates and has signaled the potential for further increases. It is difficult to accurately &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;predict the pace at which the Fed will increase interest rates any further, or the timing, frequency or magnitude of any such increases, and the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;evaluation of macro-economic and other conditions could cause a change in approach in the future. Any such increases generally will cause market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;interest rates to rise, and could cause the value of a fund&#x2019;s investments, and the fund&#x2019;s NAV, to decline, potentially suddenly and significantly. As a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;result, the fund may experience high redemptions and, as a result, increased portfolio turnover, which could increase the costs that the fund incurs &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and may negatively impact the fund&#x2019;s performance.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In response to certain serious economic disruptions, governmental authorities and regulators typically respond with significant fiscal and monetary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;policy changes, including considerably lowering interest rates, which, in some cases could result in negative interest rates. These actions, including &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;their reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets and reduce market liquidity. To &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the extent the fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the fund would generate a negative return &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;on that investment. Similarly, negative rates on investments by money market funds and similar cash management products could lead to losses on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments, including on investments of the fund&#x2019;s uninvested cash.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit Quality Risk.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are subject to the risk that the issuer of the security will not repay all or a portion of the principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;borrowed and will not make all interest payments. If the credit quality of a fixed-income security deteriorates after a fund has purchased the security, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the market value of the security may decrease and lead to a decrease in the value of the fund&#x2019;s investments. Funds that may invest in lower rated &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities are riskier than funds that may invest in higher rated fixed-income securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liquidity Risk.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liquidity risk may result from the lack of an active market, the reduced number of traditional market participants, or the reduced &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;capacity of traditional market participants to make a market in fixed-income securities. The capacity of traditional dealers to engage in fixed-income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;trading has not kept pace with the bond market&#x2019;s growth. As a result, dealer inventories of corporate bonds, which indicate the ability to &#x201c;make &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;markets,&#x201d; i.e., buy or sell a security at the quoted bid and ask price, respectively, are at or near historic lows relative to market size. Because market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;makers provide stability to fixed-income markets, the significant reduction in dealer inventories could lead to decreased liquidity and increased &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;volatility, which may become exacerbated during periods of economic or political stress. The secondary market for certain tax-exempt securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;tends to be less well-developed or liquid than many other securities markets, which may adversely affect a fund&#x2019;s ability to sell such securities at &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;attractive prices.&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_LeverageRiskMembercefRiskAxis"
      id="ixv-5869">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Leverage risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;By leveraging its investment portfolio, the fund creates an opportunity for increased net income or capital appreciation. However, the use of leverage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;also involves risks, which can be significant. These risks include the possibility that the value of the assets acquired with such borrowing decreases &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;although the fund&#x2019;s liability is fixed, greater volatility in the fund&#x2019;s NAV and the market price of the fund&#x2019;s Common Shares and higher expenses. Since the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Advisor&#x2019;s fee is based upon a percentage of the fund&#x2019;s managed assets, the Advisor&#x2019;s fee will be higher if the fund is leveraged and the Advisor will have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;an incentive to leverage the fund. The Board will monitor this potential conflict. The Advisor intends to leverage the fund only when it believes that the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;potential return on the additional investments acquired through the use of leverage is likely to exceed the costs incurred in connection with the offering.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund is authorized to utilize leverage through borrowings, reinvestment of securities lending collateral or reverse repurchase agreement proceeds, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and/or the issuance of preferred shares, including the issuance of debt securities. The fund is party to the LA as described in &#x201c;&#x2014;Description of Capital &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Structure&#x2014;Liquidity Facility.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund utilizes the LA to increase its assets available for investment. When the fund leverages its assets, Common Shareholders bear the fees &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;associated with the liquidity facility and have the potential to benefit or be disadvantaged from the use of leverage. In addition, the fee paid to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Advisor is calculated on the basis of the fund&#x2019;s average daily managed assets, including proceeds from borrowings and/or the issuance of preferred &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;shares, so the fee will be higher when leverage is utilized, which may create an incentive for the Advisor to employ financial leverage. Consequently, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund and the Advisor may have differing interests in determining whether to leverage the fund&#x2019;s assets. Leverage creates risks that may adversely affect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the return for the Common Shareholders, including:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the likelihood of greater volatility of NAV and market price of Common Shares;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fluctuations in the interest rate paid for the use of the LA;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;increased operating costs, which may reduce the fund&#x2019;s total return;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the potential for a decline in the value of an investment acquired through leverage, while the fund&#x2019;s obligations under such leverage remains fixed; &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund is more likely to have to sell securities in a volatile market in order to meet asset coverage or other debt compliance requirements.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;To the extent the returns derived from securities purchased with proceeds received from leverage exceed the cost of leverage, the fund&#x2019;s distributions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be greater than if leverage had not been used. Conversely, if the returns from the securities purchased with such proceeds are not sufficient to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;cover the cost of leverage, the amount available for distribution to Common Shareholders will be less than if leverage had not been used. In the latter &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;case, the Advisor, in its best judgment, may nevertheless determine to maintain the fund&#x2019;s leveraged position if it deems such action to be appropriate. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The costs of a borrowing program and/or an offering of preferred shares would be borne by Common Shareholders and consequently would result in a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reduction of the NAV of Common Shares.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition to the risks created by the fund&#x2019;s use of leverage, the fund is subject to the risk that the liquidity facility agreement is terminated due to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;occurrence of one or more events of default under the LA. If the LA is terminated in such circumstances, the fund would be subject to additional risk that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;it would be unable to timely, or at all, obtain replacement financing. The fund might also be required to de-leverage, selling securities at a potentially &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;inopportune time and incurring tax consequences. Further, the fund&#x2019;s ability to generate income from the use of leverage would be adversely affected.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may be required to maintain minimum average balances in connection with borrowings or to pay a commitment or other fee to maintain a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;liquidity facility; either of these requirements will increase the cost of borrowing over the stated interest rate. To the extent that the fund borrows &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;through the use of reverse repurchase agreements, it would be subject to a risk that the value of the portfolio securities transferred may substantially &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exceed the purchase price received by the fund under the reverse repurchase agreement transaction. Alternatively, during the life of any reverse &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;repurchase agreement transaction, the fund may be required to transfer additional securities if the market value of those securities initially transferred &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;declines. In addition, capital raised through borrowing or the issuance of preferred shares will be subject to interest costs or dividend payments that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may or may not exceed the income and appreciation on the assets purchased. The issuance of additional classes of preferred shares involves offering &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expenses and other costs, which will be borne by the Common Shareholders, and may limit the fund&#x2019;s freedom to pay dividends on Common Shares or to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;engage in other activities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may be subject to certain restrictions on investments imposed by guidelines of one or more nationally recognized statistical rating &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;organizations which may issue ratings for the preferred shares or short-term debt instruments issued by the fund. These guidelines may impose asset &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. Certain types of borrowings may result in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund being subject to covenants in credit agreements, including those relating to asset coverage, borrowing base and portfolio composition &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements and additional covenants that may affect the fund&#x2019;s ability to pay dividends and distributions on Common Shares in certain instances. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund also may be required to pledge its assets to the lenders in connection with certain types of borrowing. Under the current LA, the fund is subject to &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;covenants that include, but are not limited to, certain minimum net asset value and collateral requirements, as well as a requirement to provide timely &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;certain financial information to the lender. The Advisor does not anticipate that these covenants or restrictions will adversely affect its ability to manage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund&#x2019;s portfolio in accordance with the fund&#x2019;s investment objectives and principal investment strategies. Due to these covenants or restrictions, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund may be forced to liquidate investments at times and at prices that are not favorable to the fund, or the fund may be forced to forego investments &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;that the Advisor otherwise views as favorable.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The extent that the fund employs leverage, if any, will depend on many factors, the most important of which are investment outlook, market conditions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and interest rates. Successful use of a leveraging strategy depends on the Advisor&#x2019;s ability to predict correctly interest rates and market movements. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There is no assurance that a leveraging strategy will be successful during any period in which it is employed.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_MarketDiscountRiskMembercefRiskAxis"
      id="ixv-6005">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Market Discount Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund&#x2019;s Common Shares will be offered only when Common Shares of the fund are trading at a price equal to or above the fund&#x2019;s NAV per Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Share plus the per Common Share amount of commissions. As with any security, the market value of the Common Shares may increase or decrease &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;from the amount initially paid for the Common Shares. The fund&#x2019;s Common Shares have traded at both a premium and at a discount to NAV. The shares &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of closed-end management investment companies frequently trade at a discount from their NAV. This characteristic is a risk separate and distinct from &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the risk that the fund&#x2019;s NAV could decrease as a result of investment activities. Investors bear a risk of loss to the extent that the price at which they sell &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;their shares is lower in relation to the fund&#x2019;s NAV than at the time of purchase, assuming a stable NAV.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_OperationalAndCybersecurityRiskMembercefRiskAxis"
      id="ixv-6018">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Operational and cybersecurity risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;With the increased use of technologies, such as mobile devices and &#x201c;cloud&#x201d;-based service offerings and the dependence on the internet and computer &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;systems to perform necessary business functions, the fund&#x2019;s service providers are susceptible to operational and information or cybersecurity risks that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could result in losses to the fund and its shareholders. Intentional cybersecurity breaches include unauthorized access to systems, networks, or devices &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(such as through &#x201c;hacking&#x201d; activity or &#x201c;phishing&#x201d;); infection from computer viruses or other malicious software code; and attacks that shut down, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;disable, slow, or otherwise disrupt operations, business processes, or website access or functionality. Cyber-attacks can also be carried out in a manner &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;that does not require gaining unauthorized access, such as causing denial-of-service attacks on the service providers&#x2019; systems or websites rendering &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;them unavailable to intended users or via &#x201c;ransomware&#x201d; that renders the systems inoperable until appropriate actions are taken. In addition, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;unintentional incidents can occur, such as the inadvertent release of confidential information (possibly resulting in the violation of applicable privacy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;laws).&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A cybersecurity breach could result in the loss or theft of customer data or funds, loss or theft of proprietary information or corporate data, physical &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;damage to a computer or network system, or costs associated with system repairs. Such incidents could cause a fund, the advisor, a manager, or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;service providers to incur regulatory penalties, reputational damage, additional compliance costs, litigation costs or financial loss. In addition, such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;incidents could affect issuers in which a fund invests, and thereby cause the fund&#x2019;s investments to lose value.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Cyber-events have the potential to materially affect the fund and the advisor&#x2019;s relationships with accounts, shareholders, clients, customers, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;employees, products, and service providers. The fund has established risk management systems reasonably designed to seek to reduce the risks &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;associated with cyber-events. There is no guarantee that the fund will be able to prevent or mitigate the impact of any or all cyber-events.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund is exposed to operational risk arising from a number of factors, including, but not limited to, human error, processing and communication &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;errors, errors of the fund&#x2019;s service providers, counterparties, or other third parties, failed or inadequate processes and technology or system failures.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, other disruptive events, including (but not limited to) natural disasters and public health crises may adversely affect the fund&#x2019;s ability to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;conduct business, in particular if the fund&#x2019;s employees or the employees of its service providers are unable or unwilling to perform their responsibilities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as a result of any such event. Even if the fund&#x2019;s employees and the employees of its service providers are able to work remotely, those remote work &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;arrangements could result in the fund&#x2019;s business operations being less efficient than under normal circumstances, could lead to delays in its processing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of transactions, and could increase the risk of cyber-events.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_SecondaryMarketForTheCommonSharesMembercefRiskAxis"
      id="ixv-6060">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Secondary Market for the Common Shares&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The issuance of new Common Shares may have an adverse effect on the secondary market for the Common Shares. When Common Shares are trading &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;at a premium, the fund may issue new Common Shares of the fund. The increase in the amount of the fund&#x2019;s outstanding Common Shares resulting from &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the offering of new Common Shares may put downward pressure on the market price for the Common Shares of the fund. Common Shares will not be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issued at any time when Common Shares are trading at a price lower than a price equal to the fund&#x2019;s NAV per Common Share plus the per Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Share amount of commissions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund also issues Common Shares through its dividend reinvestment plan. Common Shares may be issued under the plan at a discount to the market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;price for such Common Shares, which may put downward pressure on the market price for Common Shares of the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The voting power of current Common Shareholders will be diluted to the extent that such shareholders do not purchase shares in any future Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Share offerings or do not purchase sufficient shares to maintain their percentage interest. In addition, if the proceeds of such offering are unable to be &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;invested as intended, the fund&#x2019;s per Common Share distribution may decrease (or may consist of return of capital) and the fund may not participate in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market advances to the same extent as if such proceeds were fully invested as planned.&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_SectorRiskMembercefRiskAxis"
      id="ixv-6103">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sector Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;When a fund&#x2019;s investments are focused in one or more sectors of the economy, they are less broadly invested across industries or sectors than other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;funds. This means that focused funds tend to be more volatile than other funds, and the values of their investments tend to go up and down more rapidly. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, a fund that invests in particular sectors is particularly susceptible to the impact of market, economic, political, regulatory, and other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;conditions and risks affecting those sectors. From time to time, a small number of companies may represent a large portion of a single sector or a group &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of related sectors as a whole.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_TaxRiskMembercefRiskAxis"
      id="ixv-6115">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Tax Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;To qualify for the special tax treatment available to regulated investment companies, the fund must: (i) derive at least 90% of its annual gross income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;from certain kinds of investment income; (ii) meet certain asset diversification requirements at the end of each quarter; and (iii) distribute in each &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;taxable year at least 90% of its net investment income (including net interest income and net short term capital gain). If the fund failed to meet any of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;these requirements, subject to the opportunity to cure such failures under applicable provisions of the Code, the fund would be subject to U.S. federal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;income tax at regular corporate rates on its taxable income, including its net capital gain, even if such income were distributed to its shareholders. All &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;distributions by the fund from earnings and profits, including distributions of net capital gain (if any), would be taxable to the shareholders as ordinary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;income. To the extent designated by the fund, such distributions generally would be eligible (i) to be treated as qualified dividend income in the case of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;individual and other non-corporate shareholders and (ii) for the dividends received deduction in the case of corporate shareholders, provided that in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;each case the shareholder meets applicable holding period requirements. In addition, in order to requalify for taxation as a regulated investment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;company, the fund might be required to recognize unrealized gain, pay substantial taxes and interest, and make certain distributions. See &#x201c;U.S. Federal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Income Tax Matters.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The tax treatment and characterization of the fund&#x2019;s distributions may vary significantly from time to time due to the nature of the fund&#x2019;s investments. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The ultimate tax characterization of the fund&#x2019;s distributions in a calendar year may not finally be determined until after the end of that calendar year. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund may make distributions during a calendar year that exceed the fund&#x2019;s net investment income and net realized capital gain for that year. In such a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;situation, the amount by which the fund&#x2019;s total distributions exceed net investment income and net realized capital gain generally would be treated as a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;return of capital up to the amount of the Common Shareholder&#x2019;s tax basis in his or her Common Shares, with any amounts exceeding such basis treated &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as gain from the sale of his or her Common Shares. The fund&#x2019;s income distributions that qualify for favorable tax treatment may be affected by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Internal Revenue Service&#x2019;s (&#x201c;IRS&#x201d;) interpretations of the Code and future changes in tax laws and regulations. See &#x201c;U.S. Federal Income Tax Matters.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;No assurance can be given as to what percentage of the distributions paid on Common Shares, &lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;if&lt;/div&gt; any, will consist of long-term capital gain or what the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;tax rates on various types of income will be in future years. See &#x201c;U.S. Federal Income Tax Matters.&#x201d;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_StrategyRisksMembercefRiskAxis"
      id="ixv-6149"> &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Strategy Risks&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_BradyBondsRiskMembercefRiskAxis"
      id="ixv-6154">&lt;div style="line-height:11.0pt;margin-top:9pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Brady Bonds Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Brady Bonds are debt securities issued under the framework of the &#x201c;Brady Plan,&#x201d; an initiative announced by former U.S. Treasury Secretary Nicholas F. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Brady in 1989 as a mechanism for debtor nations to restructure their outstanding external commercial bank indebtedness. The Brady Plan framework, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;as it has developed, involves the exchange of external commercial bank debt for newly issued bonds (&#x201c;Brady Bonds&#x201d;). Brady Bonds also may be issued in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;respect of new money being advanced by existing lenders in connection with the debt restructuring. Brady Bonds issued to date generally have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturities between 15 and 30 years from the date of issuance and have traded at a deep discount from their face value. In addition to Brady Bonds, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments in emerging market governmental obligations issued as a result of debt restructuring agreements outside of the scope of the Brady Plan &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are available.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Agreements implemented under the Brady Plan to date are designed to achieve debt and debt-service reduction through specific options negotiated by &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;a debtor nation with its creditors. As a result, the financial packages offered by each country differ. The types of options have included:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the exchange of outstanding commercial bank debt for bonds issued at 100% of face value that carry a below-market stated rate of interest &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(generally known as par bonds);&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds issued at a discount from face value (generally known as discount bonds);&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds bearing an interest rate which increases over time; and&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:543.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds issued in exchange for the advancement of new money by existing lenders.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discount bonds issued to date under the framework of the Brady Plan have generally borne interest computed semiannually at a rate equal to 13/16th &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of one percent above current six-month LIBOR. Regardless of the stated face amount and interest rate of the various types of Brady Bonds, when &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investing in Brady Bonds, a fund will purchase Brady Bonds in secondary markets in which the price and yield to the investor reflect market conditions at &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the time of purchase.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Certain sovereign bonds are entitled to &#x201c;value recovery payments&#x201d; in certain circumstances, which in effect constitute supplemental interest payments &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;but generally are not collateralized. Certain Brady Bonds have been collateralized as to principal due at maturity (typically 15 to 30 years from the date &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of issuance) by U.S. Treasury zero coupon bonds with a maturity equal to the final maturity of such Brady Bonds, although the collateral is not available &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to investors until the final maturity of the Brady Bonds. Collateral purchases are financed by the International Monetary Fund (the &#x201c;IMF&#x201d;), the World Bank &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and the debtor nations&#x2019; reserves. In addition, interest payments on certain types of Brady Bonds may be collateralized by cash or high-grade securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in amounts that typically represent between 12 and 18 months of interest accruals on these instruments, with the balance of the interest accruals &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;being uncollateralized.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A fund may purchase Brady Bonds with no or limited collateralization, and must rely for payment of interest and (except in the case of principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;collateralized Brady Bonds) principal primarily on the willingness and ability of the foreign government to make payment in accordance with the terms of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the Brady Bonds.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Brady Bonds issued to date are purchased and sold in secondary markets through U.S. securities dealers and other financial institutions and are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;generally maintained through European transactional securities depositories. A substantial portion of the Brady Bonds and other sovereign debt &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities in which a fund invests are likely to be acquired at a discount.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_CreditAndCounterpartyRiskMembercefRiskAxis"
      id="ixv-6252">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit and Counterparty Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;This is the risk that an issuer of a U.S. government security, the issuer or guarantor of a fixed-income security, the counterparty to an over-the-counter &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(OTC) derivatives contract (see &#x201c;Hedging, derivatives, and other strategic transactions risk&#x201d;), or a borrower of a fund&#x2019;s securities will be unable or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;unwilling to make timely principal, interest, or settlement payments, or otherwise honor its obligations. Credit risk associated with investments in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities relates to the ability of the issuer to make scheduled payments of principal and interest on an obligation. A fund that invests in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities is subject to varying degrees of risk that the issuers of the securities will have their credit ratings downgraded or will default, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;potentially reducing the fund&#x2019;s share price and income level. Nearly all fixed-income securities are subject to some credit risk, which may vary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;depending upon whether the issuers of the securities are corporations, domestic or foreign governments, or their subdivisions or instrumentalities. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. government securities are subject to varying degrees of credit risk depending upon whether the securities are supported by the full faith and credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of the United States; supported by the ability to borrow from the U.S. Treasury; supported only by the credit of the issuing U.S. government agency, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;instrumentality, or corporation; or otherwise supported by the United States. For example, issuers of many types of U.S. government securities (e.g., the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Banks), &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;although chartered or sponsored by Congress, are not funded by congressional appropriations, and their fixed-income securities, including &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;asset-backed and mortgage-backed securities, are neither guaranteed nor insured by the U.S. government. An agency of the U.S. government has &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;placed Fannie Mae and Freddie Mac into conservatorship, a statutory process with the objective of returning the entities to normal business operations. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;It is unclear what effect this conservatorship will have on the securities issued or guaranteed by Fannie Mae or Freddie Mac. As a result, these securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are subject to more credit risk than U.S. government securities that are supported by the full faith and credit of the United States (e.g., U.S. Treasury &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bonds). When a fixed-income security is not rated, a manager may have to assess the risk of the security itself. Asset-backed securities, whose principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and interest payments are supported by pools of other assets, such as credit card receivables and automobile loans, are subject to further risks, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;including the risk that the obligors of the underlying assets default on payment of those assets.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Funds that invest in below-investment-grade securities, also called junk bonds (e.g., fixed-income securities rated Ba or lower by Moody&#x2019;s Investors &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Service, Inc. or BB or lower by S&amp;amp;P Global Ratings or Fitch Ratings, as applicable, at the time of investment, or determined by a manager to be of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;comparable quality to securities so rated) are subject to increased credit risk. The sovereign debt of many foreign governments, including their &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subdivisions and instrumentalities, falls into this category. Below-investment-grade securities offer the potential for higher investment returns than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;higher-rated securities, but they carry greater credit risk: their issuers&#x2019; continuing ability to meet principal and interest payments is considered &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;speculative, they are more susceptible to real or perceived adverse economic and competitive industry conditions, and they may be less liquid than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;higher-rated securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, a fund is exposed to credit risk to the extent that it makes use of OTC derivatives (such as forward foreign currency contracts and/or swap &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;contracts) and engages to a significant extent in the lending of fund securities or the use of repurchase agreements. OTC derivatives transactions can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be closed out with the other party to the transaction. If the counterparty defaults, a fund will have contractual remedies, but there is no assurance that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the counterparty will be able to meet its contractual obligations or that, in the event of default, a fund will succeed in enforcing them. A fund, therefore, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assumes the risk that it may be unable to obtain payments owed to it under OTC derivatives contracts or that those payments may be delayed or made &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;only after the fund has incurred the costs of litigation. While the manager intends to monitor the creditworthiness of contract counterparties, there can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be no assurance that the counterparty will be in a position to meet its obligations, especially during unusually adverse market conditions.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_EquitySecuritiesRiskMembercefRiskAxis"
      id="ixv-6298">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Equity Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common and preferred stocks represent equity ownership in a company. Stock markets are volatile. The price of equity securities will fluctuate, and can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;decline and reduce the value of a fund investing in equities. The price of equity securities fluctuates based on changes in a company&#x2019;s financial condition &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and overall market and economic conditions. The value of equity securities purchased by a fund could decline if the financial condition of the companies &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in which the fund is invested declines, or if overall market and economic conditions deteriorate. An issuer&#x2019;s financial condition could decline as a result &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;of poor management decisions, competitive pressures, technological obsolescence, undue reliance on suppliers, labor issues, shortages, corporate &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;restructurings, fraudulent disclosures, irregular and/or unexpected trading activity among retail investors, or other factors. Changes in the financial &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;condition of a single issuer can impact the market as a whole.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Even a fund that invests in high-quality, or blue chip, equity securities, or securities of established companies with large market capitalizations (which &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;generally have strong financial characteristics), can be negatively impacted by poor overall market and economic conditions. Companies with large &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market capitalizations may also have less growth potential than smaller companies and may be less able to react quickly to changes in the marketplace.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund generally does not attempt to time the market. Because of its exposure to equities, the possibility that stock market prices in general will &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;decline over short or extended periods subjects the fund to unpredictable declines in the value of its investments, as well as periods of poor &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;performance.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit quality risk.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are subject to the risk that the issuer of the security will not repay all or a portion of the principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;borrowed and will not make all interest payments. If the credit quality of a fixed-income security deteriorates after a fund has purchased the security, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the market value of the security may decrease and lead to a decrease in the value of the fund&#x2019;s investments. An issuer&#x2019;s credit quality could &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deteriorate as a result of poor management decisions, competitive pressures, technological obsolescence, undue reliance on suppliers, labor &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issues, shortages, corporate restructurings, fraudulent disclosures, or other factors. Funds that may invest in lower-rated fixed-income securities, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;commonly referred to as junk securities, are riskier than funds that may invest in higher-rated fixed-income securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Interest-rate risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are affected by changes in interest rates. When interest rates decline, the market value of fixed-income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally can be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expected to decline. The longer the duration or maturity of a fixed-income security, the more susceptible it is to interest-rate risk. Duration is a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;measure of the price sensitivity of a debt security, or a fund that invests in a portfolio of debt securities, to changes in interest rates, whereas the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturity of a security measures the time until final payment is due. Duration measures sensitivity more accurately than maturity because it takes &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;into account the time value of cash flows generated over the life of a debt security. Recent and potential future changes in government monetary &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;policy may affect interest rates.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning in March 2022, the Federal Reserve Board (Fed) began increasing interest rates and has signaled the potential for further increases. It is &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;difficult to accurately predict the pace at which the Fed will increase interest rates any further, or the timing, frequency or magnitude of any such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;increases, and the evaluation of macro-economic and other conditions could cause a change in approach in the future. Any such increases generally &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;will cause market interest rates to rise and could cause the value of a fund&#x2019;s investments, and the fund&#x2019;s net asset value (NAV), to decline, potentially &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;suddenly and significantly. As a result, the fund may experience high redemptions and, as a result, increased portfolio turnover, which could increase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the costs that the fund incurs and may negatively impact the fund&#x2019;s performance.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In response to certain economic disruptions, governmental authorities and regulators typically respond with significant fiscal and monetary policy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;changes, including considerably lowering interest rates, which, in some cases could result in negative interest rates. These actions, including their &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets and reduce market liquidity. To the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;extent the fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the fund would generate a negative return on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;that investment. Similarly, negative rates on investments by money market funds and similar cash management products could lead to losses on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments, including on investments of the fund&#x2019;s uninvested cash.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Investment-grade fixed-income securities in the lowest rating category risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment-grade fixed-income securities in the lowest rating &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;category (such as Baa by Moody&#x2019;s Investors Service, Inc. or BBB by S&amp;amp;P Global Ratings or Fitch Ratings, as applicable, and comparable unrated &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities) involve a higher degree of risk than fixed-income securities in the higher rating categories. While such securities are considered &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment-grade quality and are deemed to have adequate capacity for payment of principal and interest, such securities lack outstanding &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment characteristics and have speculative characteristics as well. For example, changes in economic conditions or other circumstances are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;more likely to lead to a weakened capacity to make principal and interest payments than is the case with higher-grade securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Prepayment of principal risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Many types of debt securities, including floating-rate loans, are subject to prepayment risk. Prepayment risk is the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk that, when interest rates fall, certain types of obligations will be paid off by the borrower more quickly than originally anticipated and the fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may have to invest the proceeds in securities with lower yields. Securities subject to prepayment risk can offer less potential for gains when the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;credit quality of the issuer improves.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_PreferredAndConvertibleSecuritiesRiskMembercefRiskAxis"
      id="ixv-6405">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Preferred and Convertible Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unlike interest on debt securities, preferred stock dividends are payable only if declared by the issuer&#x2019;s board. Also, preferred stock may be subject to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;optional or mandatory redemption provisions. The market values of convertible securities tend to fall as interest rates rise and rise as interest rates fall. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The value of convertible preferred stock can depend heavily upon the value of the security into which such convertible preferred stock is converted, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;depending on whether the market price of the underlying security exceeds the conversion price.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_FixedIncomeSecuritiesRiskMembercefRiskAxis"
      id="ixv-6439">&lt;div style="line-height:11.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fixed-Income Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-income securities are generally subject to two principal types of risk, as well as other risks described below: (1) interest-rate risk and (2) credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;quality risk.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_HedgingDerivativesAndOtherStrategicTransactionsRiskMembercefRiskAxis"
      id="ixv-6447">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Hedging, Derivatives and Other Strategic Transactions Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The ability of the fund to utilize hedging, derivatives and other strategic transactions to benefit the fund will depend in part on the subadvisor&#x2019;s ability to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;predict pertinent market movements and market risk, counterparty risk, credit risk, interest-rate risk and other risk factors, none of which can be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assured. The skills required to utilize hedging and other strategic transactions are different from those needed to select the fund&#x2019;s securities. Even if the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subadvisor only uses hedging and other strategic transactions in the fund primarily for hedging purposes or to gain exposure to a particular securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market, if the transaction does not have the desired outcome, it could result in a significant loss to the fund. The amount of loss could be more than the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal amount invested. These transactions also may increase the volatility of the fund and may involve a small investment of cash relative to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;magnitude of the risks assumed, thereby magnifying the impact of any resulting gain or loss. For example, the potential loss from the use of futures can &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exceed the fund&#x2019;s initial investment in such contracts. In addition, these transactions could result in a loss to the fund if the counterparty to the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transaction does not perform as promised.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reference rates or indexes. Examples of derivative instruments include options, futures contracts, options on futures contracts, foreign currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;forward contracts and swap agreements (including, but not limited to, interest-rate swaps, total return swaps, credit default swaps and swaps on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-traded funds). Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may use derivatives for many purposes, including for hedging, and as a substitute for direct investment in securities or other assets. Derivatives may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;used in a way to efficiently adjust the exposure of the fund to various securities, markets and currencies without the fund actually having to sell existing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments and make new investments. This generally will be done when the adjustment is expected to be relatively temporary or in anticipation of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;effecting the sale of fund assets and making new investments over time. Further, since many derivatives have a leverage component, adverse changes in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the value or level of the underlying asset, reference rate or index can result in a loss substantially greater than the amount invested in the derivative &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;itself. Certain derivatives have the potential for unlimited loss, regardless of the size of the initial investment. When the fund uses derivatives for &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;leverage, investments in the fund will tend to be more volatile, resulting in larger gain or loss in response to market changes. For a description of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;various derivative instruments the fund may utilize and certain risk measures the fund may implement, refer to the SAI.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The regulation of the U.S. and non-U.S. derivatives markets has undergone substantial change in recent years and such change may continue. In &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;particular, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulations promulgated or proposed thereunder require many &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;derivatives to be cleared and traded on an exchange, expand entity registration requirements, impose business conduct requirements on dealers that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;enter into swaps with a pension plan, endowment, retirement plan or government entity, and required banks to move some derivatives trading units to a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-guaranteed affiliate separate from the deposit-taking bank or divest them altogether. Although the CFTC has released final rules relating to clearing, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reporting, recordkeeping and registration requirements under the legislation, many of the provisions are subject to further final rule making, and thus &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;its ultimate impact remains unclear. New regulations could, among other things, restrict the fund&#x2019;s ability to engage in derivatives transactions (for &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;example, by making certain types of derivatives transactions no longer available to the fund) and/or increase the costs of such derivatives transactions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(for example, by increasing margin or capital requirements), and the fund may be unable to fully execute its investment strategies as a result. Limits or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;restrictions applicable to the counterparties with which the fund engages in derivative transactions also could prevent the fund from using these &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;instruments or affect the pricing or other factors relating to these instruments, or may change the availability of certain investments.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In addition, the regulation of the U.S. and non-U.S. derivatives markets has undergone substantial change in recent years and such change may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;continue. In particular, effective August 19, 2022 (the Compliance Date), the Derivatives Rule replaced the asset segregation regime of Investment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Company Act Release No. 10666 (Release 10666) with a new framework for the use of derivatives by registered funds. As of the Compliance Date, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;SEC rescinded Release 10666 and withdrew no-action letters and similar guidance addressing a fund&#x2019;s use of derivatives and began requiring funds to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;satisfy the requirements of the Derivatives Rule. As a result, on or after the Compliance Date, the funds will no longer engage in &#x201c;segregation&#x201d; or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;coverage&#x201d; techniques with respect to derivatives transactions and will instead comply with the applicable requirements of the Derivatives Rule.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Derivatives Rule mandates that a fund adopt and/or implement: (i) value-at-risk limitations (VaR); (ii) a written derivatives risk management &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;program; (iii) new Board oversight responsibilities; and (iv) new reporting and recordkeeping requirements. In the event that a fund&#x2019;s derivative exposure &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;is 10% or less of its net assets, excluding certain currency and interest rate hedging transactions, it can elect to be classified as a limited derivatives &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;user (Limited Derivatives User) under the Derivatives Rule, in which case the fund is not subject to the full requirements of the Derivatives Rule. Limited &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives Users are excepted from VaR testing, implementing a derivatives risk management program, and certain Board oversight and reporting &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements mandated by the Derivatives Rule. However, a Limited Derivatives User is still required to implement written compliance policies and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;procedures reasonably designed to manage its derivatives risks.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Derivatives Rule also provides special treatment for reverse repurchase agreements, similar financing transactions and unfunded commitment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;agreements. Specifically, a fund may elect whether to treat reverse repurchase agreements and similar financing transactions as &#x201c;derivatives &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transactions&#x201d; subject to the requirements of the Derivatives Rule or as senior securities equivalent to bank borrowings for purposes of Section 18 of the &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment Company Act of 1940. In addition, when-issued or forward settling securities transactions that physically settle within 35-days are deemed &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;not to involve a senior security.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;At any time after the date of this prospectus, legislation may be enacted that could negatively affect the assets of the fund. Legislation or regulation may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;change the way in which the fund itself is regulated. The Adviser cannot predict the effects of any new governmental regulation that may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;implemented, and there can be no assurance that any new governmental regulation will not adversely affect the fund&#x2019;s ability to achieve its investment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;objectives.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The use of derivative instruments may involve risks different from, or potentially greater than, the risks associated with investing directly in securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and other, more traditional assets. In particular, the use of derivative instruments exposes the fund to the risk that the counterparty to an OTC &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;typically can only be closed out with the other party to the transaction, although either party may engage in an offsetting transaction that puts that party &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in the same economic position as if it had closed out the transaction with the counterparty or may obtain the other party&#x2019;s consent to assign the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transaction to a third party. If the counterparty defaults, the fund will have contractual remedies, but there is no assurance that the counterparty will &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;meet its contractual obligations or that, in the event of default, the fund will succeed in enforcing them. For example, because the contract for each OTC &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;derivatives transaction is individually negotiated with a specific counterparty, the fund is subject to the risk that a counterparty may interpret &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;contractual terms (e.g., the definition of default) differently than the fund when the fund seeks to enforce its contractual rights. If that occurs, the cost &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and unpredictability of the legal proceedings required for the fund to enforce its contractual rights may lead it to decide not to pursue its claims against &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the counterparty. The fund, therefore, assumes the risk that it may be unable to obtain payments owed to it under OTC derivatives contracts or that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;those payments may be delayed or made only after the fund has incurred the costs of litigation. While a manager intends to monitor the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;creditworthiness of counterparties, there can be no assurance that a counterparty will meet its obligations, especially during unusually adverse market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;conditions. To the extent the fund contracts with a limited number of counterparties, the fund&#x2019;s risk will be concentrated and events that affect the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;creditworthiness of any of those counterparties may have a pronounced effect on the fund. Derivatives are also subject to a number of other risks, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;including market risk and liquidity risk. Since the value of derivatives is calculated and derived from the value of other assets, instruments, or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;references, there is a risk that they will be improperly valued. Derivatives also involve the risk that changes in their value may not correlate perfectly with &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the assets, rates, or indexes they are designed to hedge or closely track. Suitable derivatives transactions may not be available in all circumstances. The &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund is also subject to the risk that the counterparty closes out the derivatives transactions upon the occurrence of certain triggering events. In &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;addition, a manager may determine not to use derivatives to hedge or otherwise reduce risk exposure. Government legislation or regulation could affect &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the use of derivatives transactions and could limit the fund&#x2019;s ability to pursue its investment strategies.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following is a list of certain derivatives and other strategic transactions that the fund may utilize and the main risks associated with each of them:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit default swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), interest-rate risk, settlement risk, risk of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;default of the underlying reference obligation and risk of disproportionate loss are the principal risks of engaging in transactions involving credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;default swaps.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign currency forward contracts&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), foreign currency risk &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and risk of disproportionate loss are the principal risks of engaging in transactions involving foreign currency forward contracts.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign currency swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), foreign currency risk and risk of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;disproportionate loss are the principal risks of engaging in transactions involving foreign currency swaps.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Futures contracts&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions) and risk of disproportionate loss are the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal risks of engaging in transactions involving futures contracts.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Interest-rate swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), interest-rate risk and risk of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;disproportionate loss are the principal risks of engaging in transactions involving interest-rate swaps.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Options and currency option&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions) and risk of disproportionate loss &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;are the principal risks of engaging in transactions involving options, including currency options. Counterparty risk does not apply to exchange-traded &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;options.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Swaps&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Counterparty risk, liquidity risk (&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;i.e.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;, the inability to enter into closing transactions), interest-rate risk, settlement risk, risk of default of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;underlying reference obligation and risk of disproportionate loss are the principal risks of engaging in transactions involving swaps, including credit &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;default swaps and total return swaps.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_IlliquidAndRestrictedSecuritiesRiskMembercefRiskAxis"
      id="ixv-6646">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Illiquid and Restricted Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may have significant exposure to restricted securities. Restricted securities are securities with restrictions on public resale, such as securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;offered in accordance with an exemption under Rule 144A under the Securities Act of 1933 (the &#x201c;1933 Act&#x201d;), or commercial paper issued under &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Section 4(a)(2) of the 1933 Act. Restricted securities are often required to be sold in private sales to institutional buyers, markets for restricted &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities may or may not be well developed, and restricted securities can be illiquid. The extent (if at all) to which a security may be sold or a derivative &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;position closed without negatively impacting its market value may be impaired by reduced market activity or participation, legal restrictions or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;economic and market impediments. Funds with principal investment strategies that involve investments in securities of companies with smaller market &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;capitalizations, foreign securities, derivatives, or securities with substantial market and/or credit risk tend to have the greatest exposure to liquidity &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk. Exposure to liquidity risk may be heightened for funds that invest in securities of emerging markets and related derivatives that are not widely &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;traded, and that may be subject to purchase and sale restrictions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The capacity of traditional dealers to engage in fixed-income trading has not kept pace with the bond market&#x2019;s growth. As a result, dealer inventories of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;corporate bonds, which indicate the ability to &#x201c;make markets,&#x201d; i.e., buy or sell a security at the quoted bid and ask price, respectively, are at or near &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;historic lows relative to market size. Because market makers provide stability to fixed-income markets, the significant reduction in dealer inventories &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could lead to decreased liquidity and increased volatility, which may become exacerbated during periods of economic or political stress.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_LowerRatedAndHighYieldFixedIncomeSecuritiesRiskMembercefRiskAxis"
      id="ixv-6688">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Lower-Rated and High-Yield Fixed-Income Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lower-rated fixed-income securities and high-yield fixed-income securities (both commonly known as &#x201c;junk bonds&#x201d;) are subject to the same risks as &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;other fixed-income securities but have greater credit quality risk and may be considered speculative. In addition, lower-rated corporate debt securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(and comparable unrated securities) tend to be more sensitive to individual corporate developments and changes in economic conditions than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;higher-rated corporate fixed-income securities. Issuers of lower-rated corporate debt securities may also be highly leveraged, increasing the risk that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal and income will not be repaid. Lower-rated foreign government fixed-income securities are subject to the risks of investing in foreign countries &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;described under &#x201c;Foreign securities risk.&#x201d; In addition, the ability and willingness of a foreign government to make payments on debt when due may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;affected by the prevailing economic and political conditions within the country. Emerging-market countries may experience high inflation, interest rates &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and unemployment, as well as exchange rate fluctuations which adversely affect trade and political uncertainty or instability. These factors increase the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk that a foreign government will not make payments when due.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lower-rated fixed-income securities are defined as securities rated below investment grade (such as Ba and below by Moody&#x2019;s Investors Service, Inc. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and BB and below by Standard and Poor&#x2019;s Ratings Services) (also called junk bonds). The general risks of investing in these securities are as follows:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Risk to principal and income.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investing in lower-rated fixed-income securities is considered speculative. While these securities generally provide greater income potential than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investments in higher-rated securities, there is a greater risk that principal and interest payments will not be made. Issuers of these securities may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;even go into default or become bankrupt.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Price volatility.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The price of lower-rated fixed-income securities may be more volatile than securities in the higher-rated categories. This volatility may increase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;during periods of economic uncertainty or change. The price of these securities is affected more than higher-rated fixed-income securities by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market&#x2019;s perception of their credit quality, especially during times of adverse publicity. In the past, economic downturns or increases in interest rates &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;have, at times, caused more defaults by issuers of these securities and may do so in the future. Economic downturns and increases in interest rates &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;have an even greater effect on highly leveraged issuers of these securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liquidity.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The market for lower-rated fixed-income securities may have more limited trading than the market for investment-grade fixed-income securities. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Therefore, it may be more difficult to sell these securities, and these securities may have to be sold at prices below their market value in order to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;meet redemption requests or to respond to changes in market conditions.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Dependence on manager&#x2019;s own credit analysis.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;While a manager may rely on ratings by established credit rating agencies, it will also supplement such ratings with its own independent review of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;credit quality of the issuer. Therefore, the assessment of the credit risk of lower-rated fixed-income securities is more dependent on the manager&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;evaluation than the assessment of the credit risk of higher-rated securities.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Additional risks regarding lower-rated corporate fixed-income securities.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lower-rated corporate fixed-income securities (and comparable unrated securities) tend to be more sensitive to individual corporate developments &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and changes in economic conditions than higher-rated corporate fixed-income securities. Issuers of lower-rated corporate fixed-income securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may also be highly leveraged, increasing the risk that principal and income will not be repaid.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_MortgageBackedAndAssetBackedSecuritiesRiskMembercefRiskAxis"
      id="ixv-6771">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Mortgage-backed and asset-backed securities risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Mortgage-backed securities.&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed securities represent participating interests in pools of residential mortgage loans, which are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;guaranteed by the U.S. government, its agencies, or its instrumentalities. However, the guarantee of these types of securities relates to the principal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and interest payments, and not to the market value of such securities. In addition, the guarantee only relates to the mortgage-backed securities held &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;by the fund and not the purchase of shares of the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;margin-left:12pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed securities are issued by lenders, such as mortgage bankers, commercial banks, and savings and loan associations. Such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities differ from conventional debt securities, which provide for the periodic payment of interest in fixed amounts (usually semiannually) with &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;principal payments at maturity or on specified dates. Mortgage-backed securities provide periodic payments which are, in effect, a pass-through of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the interest and principal payments (including any prepayments) made by the individual borrowers on the pooled mortgage loans. A &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;mortgage-backed security will mature when all the mortgages in the pool mature or are prepaid. Therefore, mortgage-backed securities do not have &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;a fixed maturity and their expected maturities may vary when interest rates rise or fall.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;When interest rates fall, homeowners are more likely to prepay their mortgage loans. An increased rate of prepayments on the fund&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;mortgage-backed securities will result in an unforeseen loss of interest income to the fund as the fund may be required to reinvest assets at a lower &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;interest rate. Because prepayments increase when interest rates fall, the prices of mortgage-backed securities do not increase as much as other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fixed-income securities when interest rates fall.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;When interest rates rise, homeowners are less likely to prepay their mortgage loans. A decreased rate of prepayments lengthens the expected &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturity of a mortgage-backed security. Therefore, the prices of mortgage-backed securities may decrease more than prices of other fixed-income &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities when interest rates rise.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The yield of mortgage-backed securities is based on the average life of the underlying pool of mortgage loans. The actual life of any particular pool &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be shortened by unscheduled or early payments of principal and interest. Principal prepayments may result from the sale of the underlying &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;property or the refinancing or foreclosure of underlying mortgages. The occurrence of prepayments is affected by a wide range of economic, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;demographic, and social factors and, accordingly, it is not possible to accurately predict the average life of a particular pool. The actual prepayment &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;experience of a pool of mortgage loans may cause the yield realized by the fund to differ from the yield calculated on the basis of the average life of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the pool. In addition, if the fund purchases mortgage-backed securities at a premium, the premium may be lost in the event of early prepayment, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;which may result in a loss to the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Prepayments tend to increase during periods of falling interest rates, while during periods of rising interest rates, prepayments are likely to decline. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Monthly interest payments received by a fund have a compounding effect, which will increase the yield to shareholders as compared to debt &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations that pay interest semiannually. Because of the reinvestment of prepayments of principal at current rates, mortgage-backed securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may be less effective than U.S. Treasury bonds of similar maturity at maintaining yields during periods of declining interest rates. Also, although the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value of debt securities may increase as interest rates decline, the value of these pass-through types of securities may not increase as much, due to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;their prepayment feature.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Collateralized mortgage obligations (CMOs)&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. A fund may invest in mortgage-backed securities called CMOs. CMOs are issued in separate &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;classes with different stated maturities. As the mortgage pool experiences prepayments, the pool pays off investors in classes with shorter &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;maturities first. By investing in CMOs, a fund may manage the prepayment risk of mortgage-backed securities. However, prepayments may cause the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;actual maturity of a CMO to be substantially shorter than its stated maturity.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Asset-backed securities&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;. Asset-backed securities include interests in pools of debt securities, commercial or consumer loans, or other &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;receivables. The value of these securities depends on many factors, including changes in interest rates, the availability of information concerning the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;pool and its structure, the credit quality of the underlying assets, the market&#x2019;s perception of the servicer of the pool, and any credit enhancement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;provided. In addition, asset-backed securities have prepayment risks similar to mortgage-backed securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-left:12pt;margin-top:4.0pt;text-align:left"&gt;&lt;div style="margin-top:4pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Mortgage Dollar Rolls.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under a mortgage dollar roll, the Fund sells mortgage-backed securities for delivery in the future (generally within 30 days) &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and simultaneously contracts to repurchase substantially similar (same type, coupon and maturity) securities on a specified future date.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2009;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;At the time &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the Fund enters into a mortgage dollar roll, it will maintain on its records liquid assets such as cash or U.S. government securities equal in value to its &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations in respect of dollar rolls, and accordingly, such dollar rolls will not be considered borrowings.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2009;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Fund may only enter into covered rolls. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A &#x201c;covered roll&#x201d; is a specific type of dollar roll for which there is an offsetting cash or cash equivalent security position that matures on or before the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;forward settlement date of the dollar roll transaction. Dollar roll transactions involve the risk that the market value of the securities sold by the Fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;may decline below the repurchase price of those securities. While a mortgage dollar roll may be considered a form of leveraging, and may, therefore, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;increase fluctuations in the Fund&#x2019;s NAV per share, the Fund will cover the transaction as described above.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_ForeignInvestmentRiskMembercefRiskAxis"
      id="ixv-6881">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign Investment Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Funds that invest in securities traded principally in securities markets outside the United States. are subject to additional and more varied risks, as the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value of non-U.S. securities may change more rapidly and extremely than the value of U.S. securities. Less information may be publicly available &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;regarding non-U.S. issuers. Non-U.S. securities may be subject to non-U.S. taxes and may be more volatile than U.S. securities. Currency fluctuations &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and political and economic developments may adversely impact the value of foreign securities. The securities markets of many foreign countries are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;relatively small, with a limited number of companies representing a small number of industries. Additionally, issuers of non-U.S. securities may not be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;subject to the same degree of regulation as U.S. issuers. Reporting, accounting and auditing standards of foreign countries differ, in some cases &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;significantly, from U.S. standards. There generally are higher commission rates on non-U.S. portfolio transactions, transfer taxes, higher custodial costs &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;and the possibility that non-U.S. taxes will be charged on dividends and interest payable on non-U.S. securities, some or all of which may not be &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reclaimable. Also, adverse changes in investment or exchange control regulations (which may include suspension of the ability to transfer currency or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets from a country), political changes or diplomatic developments could adversely affect the fund&#x2019;s investments. In the event of nationalization, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expropriation, confiscatory taxation, or other confiscation, the fund could lose a substantial portion of, or its entire investment, in a non-U.S. security. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Some of the non-U.S. Investments securities risks also are applicable to funds that invest a material portion of their assets in securities of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-U.S. issuers traded in the United States.&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_CurrencyRiskMembercefRiskAxis"
      id="ixv-6922">&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Currency risk.&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of the fund&#x2019;s investments. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Currency risk includes both the risk that currencies in which a fund&#x2019;s investments are traded, or currencies in which a fund has taken an active &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may engage in proxy &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;hedging of currencies by entering into derivative transactions with respect to a currency whose value is expected to correlate to the value of a currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund owns or wants to own. This presents the risk that the two currencies may not move in relation to one another as expected. In that case, the fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;could lose money on its investment and also lose money on the position designed to act as a proxy hedge. Certain funds may also take active currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund&#x2019;s currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;risk. Leverage may disproportionately increase a fund&#x2019;s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;rates are changing.&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_RepurchaseAgreementRiskMembercefRiskAxis"
      id="ixv-6941">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Repurchase Agreement Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Repurchase agreements are arrangements involving the purchase of an obligation and the simultaneous agreement to resell the same obligation on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;demand or at a specified future date and at an agreed-upon price. A repurchase agreement can be viewed as a loan made by a fund to the seller of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligation with such obligation serving as collateral for the seller&#x2019;s agreement to repay the amount borrowed with interest. Repurchase agreements &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;provide the opportunity to earn a return on cash that is only temporarily available. Repurchase agreements may be entered with banks, brokers, or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;dealers. However, a repurchase agreement will only be entered with a broker or dealer if the broker or dealer agrees to deposit additional collateral &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;should the value of the obligation purchased decrease below the resale price.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Generally, repurchase agreements are of a short duration, often less than one week but on occasion for longer periods. Securities subject to repurchase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;agreements will be valued every business day and additional collateral will be requested if necessary so that the value of the collateral is at least equal &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to the value of the repurchase obligation, including the interest accrued thereon.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A subadvisor shall engage in a repurchase agreement transaction only with those banks or broker dealers who meet the subadvisor&#x2019;s quantitative and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;qualitative criteria regarding creditworthiness, asset size and collateralization requirements. The Advisor also may engage in repurchase agreement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;transactions on behalf of the funds. The counterparties to a repurchase agreement transaction are limited to a:&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Federal Reserve System member bank;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;primary government securities dealer reporting to the Federal Reserve Bank of New York&#x2019;s Market Reports Division; or&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="clear:both;margin-top:4pt;position:relative;width:100%"&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:10pt;text-align:left;width:4.14pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x2022;&lt;/div&gt;&lt;/div&gt;&lt;div style="float:left;line-height:11.0pt;margin-left:5.86pt;text-align:left;width:533.00pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;broker dealer that reports U.S. government securities positions to the Federal Reserve Board.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="clear: both; position: relative; max-height: 0px;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A fund also may participate in repurchase agreement transactions utilizing the settlement services of clearing firms that meet the subadvisors' &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;creditworthiness requirements.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Advisor and the subadvisors will continuously monitor repurchase agreement transactions to ensure that the collateral held with respect to a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;repurchase agreement equals or exceeds the amount of the obligation.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt;&lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The risk of a repurchase agreement transaction is limited to the ability of the seller to pay the agreed-upon sum on the delivery date. In the event of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;bankruptcy or other default by the seller, the instrument purchased may decline in value, interest payable on the instrument may be lost and there may &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;be possible difficulties and delays in obtaining collateral and delays and expense in liquidating the instrument. If an issuer of a repurchase agreement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fails to repurchase the underlying obligation, the loss, if any, would be the difference between the repurchase price and the underlying obligation&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;market value. A fund also might incur certain costs in liquidating the underlying obligation. Moreover, if bankruptcy or other insolvency proceedings are &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;commenced with respect to the seller, realization upon the underlying obligation might be delayed or limited.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_ReverseRepurchaseAgreementRiskMembercefRiskAxis"
      id="ixv-7009">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Reverse Repurchase Agreement Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under a reverse repurchase agreement, a fund sells a debt security and agrees to repurchase it at an agreed-upon time and at an agreed-upon price. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund retains record ownership of the security and the right to receive interest and principal payments thereon. At an agreed-upon future date, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund repurchases the security by remitting the proceeds previously received, plus interest. The difference between the amount the fund receives for the &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;security and the amount it pays on repurchase is payment of interest. In certain types of agreements, there is no agreed-upon repurchase date and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;interest payments are calculated daily, often based on the prevailing overnight repurchase rate. A reverse repurchase agreement may be considered a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;form of leveraging and may, therefore, increase fluctuations in a fund&#x2019;s NAV per share.&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_SovereignDebtObligationsRiskMembercefRiskAxis"
      id="ixv-7041">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sovereign Debt Obligations Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;An investment in debt obligations of non-U.S. governments and their political subdivisions (sovereign debt), whether denominated in U.S. dollars or a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;foreign currency, involves special risks that are not present in corporate debt obligations. The non-U.S. issuer of the sovereign debt or the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-U.S. governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or pay interest when due, and the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund may have limited recourse in the event of a default. During periods of economic uncertainty, the market prices of sovereign debt may be more &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;volatile than prices of debt obligations of U.S. issuers. In the past, certain non-U.S. countries have encountered difficulties in servicing their debt &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;obligations, withheld payments of principal and interest and declared moratoria on the payment of principal and interest on their sovereign debt. A &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sovereign debtor&#x2019;s willingness or ability to repay principal and pay interest in a timely manner may be affected by, among other factors, its cash flow &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;situation, the extent of its foreign currency reserves, the availability of sufficient foreign exchange, the relative size of the debt service burden, the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sovereign debtor&#x2019;s policy toward its principal international lenders and local political constraints. Sovereign debtors also may be dependent on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expected disbursements from non-U.S. governments, multilateral agencies and other entities to reduce principal and interest arrearages on their debt. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The failure of a sovereign debtor to implement economic reforms, achieve specified levels of economic performance or repay principal or interest when &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;due may result in the cancellation of third-party commitments to lend funds to the sovereign debtor, which may further impair such debtor&#x2019;s ability or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;willingness to service its debts.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_USGovernmentSecuritiesRiskMembercefRiskAxis"
      id="ixv-7061">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S. Government Securities Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund may invest in U.S. government securities issued or guaranteed by the U.S. government or by an agency or instrumentality of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. government. Not all U.S. government securities are backed by the full faith and credit of the United States. Some are supported only by the credit of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the issuing agency or instrumentality, which depends entirely on its own resources to repay the debt. U.S. government securities that are backed by the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;full faith and credit of the United States include U.S. Treasuries and mortgage-backed securities guaranteed by the Government National Mortgage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Association. Securities that are only supported by the credit of the issuing agency or instrumentality include Fannie Mae, FHLBs and Freddie Mac. See &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;Credit and counterparty risk&#x201d; for additional information on Fannie Mae and Freddie Mac securities.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:RiskTextBlock
      contextRef="P02_23_2024To02_23_2024_WarrantsRiskMembercefRiskAxis"
      id="ixv-7074">&lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt;&lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Warrants Risk&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt;&lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Warrants are rights to purchase securities at specific prices and are valid for a specific period of time. Warrant prices do not necessarily move parallel to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the prices of the underlying securities, and warrant holders receive no dividends and have no voting rights or rights with respect to the assets of an &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;issuer. The price of a warrant may be more volatile than the price of its underlying security, and a warrant may offer greater potential for capital &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;appreciation as well as capital loss. Warrants cease to have value if not exercised prior to the expiration date. These factors can make warrants more &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;speculative than other types of investments.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</cef:RiskTextBlock>    <cef:CapitalStockTableTextBlock contextRef="P02_23_2024To02_23_2024" id="ixv-8083">&lt;div style="line-height:12.0pt;margin-top:10.5pt;text-align:left"&gt; &lt;div style="margin-top:10pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Description of Capital Structure&lt;/div&gt;&lt;/div&gt;  &lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.0pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund is a business trust established under the laws of The Commonwealth of Massachusetts by the Declaration of Trust. The Declaration of Trust &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;provides that the Board may authorize separate classes of shares of beneficial interest. The Board has authorized an unlimited number of Common &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Shares. The fund holds annual meetings of Common Shareholders in compliance with the requirements of the NYSE.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt; &lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Common Shares&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Declaration of Trust permits the fund to issue an unlimited number of full and fractional Common Shares of beneficial interest, with or without par &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value.&lt;/div&gt; Each Common Share represents an equal proportionate interest in the assets of the fund with each other Common Share in the fund. Common Shareholders will be entitled to the payment of distributions when, and if declared by the fund. The 1940 Act or the terms of any future borrowings or issuance of preferred shares may limit the payment of distributions to the Common Shareholders. &lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Each whole Common Share is entitled to one vote and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;each fractional Common Share is entitled to a proportionate fractional vote as to matters on which it is entitled to vote pursuant to the terms of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Declaration of Trust.&lt;/div&gt; &lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Upon termination of the fund, after paying or adequately providing for the payment of all liabilities of the fund and the liquidation &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;preference with respect to any outstanding preferred shares, and upon receipt of such releases, indemnities and refunding agreements as the Trustees &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deem necessary , the Trustees may distribute the remaining assets of the fund among the Common Shareholders.&lt;/div&gt; The Declaration of Trust provides that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Common Shareholders are not liable for any liabilities of the fund, and indemnifies shareholders against any such liability. Although shareholders of a &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;business trust established under Massachusetts law, in certain limited circumstances, may be held personally liable for the obligations of the business &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;trust as though they were general partners, the provisions of the Declaration of Trust described in the foregoing sentence make the likelihood of such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;personal liability remote. The fund will not issue Common Share certificates.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund has no current intention to issue preferred shares. However, if at some future time there are any preferred shares outstanding, subject to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;certain exceptions, the fund might not be permitted to declare any cash distribution on its Common Shares, unless at the time of such declaration, (i) all &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;accrued distributions on preferred shares and any accrued interest on borrowings, if any, have been paid and (ii) the value of the fund&#x2019;s total assets &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(determined after deducting the amount of such distribution), less all liabilities and indebtedness of the fund not represented by senior securities, is at &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;least 300% of the aggregate amount of any securities representing indebtedness and at least 200% of the aggregate amount of any securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;representing indebtedness plus the aggregate liquidation value of the outstanding preferred shares. In addition to the requirements of the 1940 Act, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund may be required to comply with other asset coverage requirements under a liquidity facility or as a condition of the fund obtaining a rating of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;preferred shares from a nationally recognized statistical rating organization (a &#x201c;Rating Agency&#x201d;). These requirements may include an asset coverage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;test more stringent than under the 1940 Act. This limitation on the fund&#x2019;s ability to make distributions on its Common Shares could in certain &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;circumstances impair the ability of the fund to maintain its qualification for taxation as a RIC for U.S. federal income tax purposes. If the fund were in the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;future to issue preferred shares, it would intend, however, to the extent possible, to purchase or redeem preferred shares from time to time to maintain &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;compliance with such asset coverage requirements and may pay special distributions to the holders of the preferred shares in certain circumstances in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;connection with any potential impairment of the fund&#x2019;s status as a RIC. Depending on the timing of any such redemption or repayment, the fund may be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;required to pay a premium in addition to the liquidation preference of the preferred shares to the holders thereof.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fund has no present intention of offering additional Common Shares, except as described herein. Other offerings of its Common Shares, if made, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;will require approval of the Board. Any additional offering will not be sold at a price per Common Share below the then current NAV (exclusive of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;underwriting discounts and commissions) except in connection with an offering to existing Common Shareholders or with the consent of a majority of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund&#x2019;s outstanding Common Shares. Common Shares have no preemptive rights.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt; &lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liquidity Facility&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;The fund has entered into the LA with State Street Bank and Trust Company (&#x201c;SSB&#x201d;) that allows it to borrow or otherwise access funds through a line of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;credit, securities lending and reverse repurchase agreements. The fund pledges its assets as collateral to secure obligations under the LA. The fund &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;retains the risks and rewards of the ownership of assets pledged to secure obligations under the LA and makes these assets available for securities &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;lending and reverse repurchase transactions with SSB acting as the fund's authorized agent for these transactions. All transactions initiated through &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;SSB are required to be secured with cash collateral received from the securities borrower or cash is received from the reverse repurchase agreement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;counterparties. Securities lending transactions &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;will be secured with cash collateral in amounts at least equal to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;100&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;% of the market value of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;securities utilized in these transactions&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;. Cash received by SSB from securities lending or reverse repurchase transactions is credited against the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;amounts borrowed under the line of credit.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Upon return of securities by the borrower or reverse repurchase counterparty, SSB will return the cash collateral to the borrower or proceeds from the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;reverse repurchase transaction, as applicable, which will eliminate the credit against the line of credit and will cause the drawdowns under the line of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;credit to increase by the amounts returned. Income earned on the loaned securities is retained by SSB, and any interest due on the reverse repurchase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;agreements is paid by SSB.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;SSB has indemnified the fund for certain losses that may arise if the borrower or a reverse repurchase counterparty fails to return securities when due. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;With respect to securities lending transactions, upon a default of the securities borrower, SSB uses the collateral received from the borrower to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;purchase replacement securities of the same issue, type, class and series. If the value of the collateral is less than the purchase cost of replacement &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities, SSB is responsible for satisfying the shortfall, but only to the extent that the shortfall is not due to any of the fund's losses on the reinvested &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;cash collateral. Although the risk of the loss of the securities is mitigated by receiving collateral from the borrower or proceeds from the reverse &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;repurchase counterparty and through SSB indemnification, the fund could experience a delay in recovering securities or could experience a lower than &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;expected return if the borrower or reverse repurchase counterparty fails to return the securities on a timely basis.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Under normal circumstances, interest charged is at the rate of one month OBFR (Overnight &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Bank &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;Funding Rate) plus 0.70%, and is payable monthly on &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;the aggregate balance of the drawdowns outstanding under the LA. As of October 31, 2023&#160;, the fund had an average daily loan balance of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt;$86,900,000&#160; at an average interest rate of 5.58%.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;-sec-ix-redline:true;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;After the six month anniversary of the effective date of the agreement, the fund may terminate the LA with 60 days' notice. If certain asset coverage and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;collateral requirements, or other covenants are not met, the LA could be deemed in default and result in termination. Absent a default or facility &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;termination event, SSB is required to provide the fund with 360 days' notice prior to terminating the LA.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;By leveraging its investment portfolio, the fund creates an opportunity for increased net income or capital appreciation. However, the use of leverage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;also involves risks, which can be significant. See &#x201c;Liquidity and Restricted Securities Risk.&#x201d;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt; &lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Repurchase of Shares and Other Discount Measures&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In recognition of the possibility that Common Shares might trade at a discount to NAV and that any such discount may not be in the interest of the fund&#x2019;s &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;shareholders, the Board, in consultation with the Advisor, from time to time may review possible actions to help reduce any such discount. The Board, in &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;consultation with the Advisor, may review the possibility of open market repurchases and/or tender offers for the Common Shares and consider such &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;factors as the market price of the Common Shares, the NAV of the Common Shares, the liquidity of the assets of the fund, effect on the fund&#x2019;s expenses, &lt;/div&gt;&lt;/div&gt; &lt;/div&gt;  &lt;div style="line-height:12.0pt;text-align:left"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;whether such transactions would impair the fund&#x2019;s status as a RIC or result in a failure to comply with applicable asset coverage requirements, general &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;economic conditions and such other events or conditions, which may have a material effect on the fund&#x2019;s ability to consummate such transactions. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There are no assurances that the Board will, in fact, decide to undertake either of these actions or, if undertaken, that such actions will result in the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fund&#x2019;s Common Shares trading at a price which is equal to or approximates their NAV.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In the event that the fund conducts an offering of new Common Shares and such offering constitutes a &#x201c;distribution&#x201d; under Regulation M, the fund and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;certain of its affiliates may be subject to an applicable restricted period that could limit the timing of any repurchases by the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:11.0pt;margin-top:9.5pt;text-align:left"&gt; &lt;div style="margin-top:9pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Preferred Shares&lt;/div&gt;&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 11pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:1.5pt;text-align:left"&gt; &lt;div style="margin-top:2pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Declaration of Trust authorizes the issuance of an unlimited number of shares of beneficial interest with preference rights, including preferred &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;shares (&#x201c;Preferred Shares&#x201d;), having no par value per share or such other amount as the Board may establish, in one or more series, with rights as &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;determined by the Board, by action of the Board without the approval of the Common Shareholders. The Board has no current intention to issue &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Preferred Shares.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under the requirements of the 1940 Act, the fund must, immediately after the issuance of any Preferred Shares, have an &#x201c;asset coverage&#x201d; of at least &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;200%. Asset coverage means the ratio which the value of the total assets of the fund, less all liability and indebtedness not represented by senior &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;securities (as defined in the 1940 Act), bears to the aggregate amount of senior securities representing indebtedness of the fund, if any, plus the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;aggregate liquidation preference of the Preferred Shares. If the fund seeks a rating of the Preferred Shares, asset coverage requirements, in addition to &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;those set forth in the 1940 Act, may be imposed. The liquidation value of the Preferred Shares is expected to equal their aggregate original purchase &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;price plus redemption premium, if any, together with any accrued and unpaid dividends thereon (on a cumulative basis), whether or not earned or &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;declared. The terms of the Preferred Shares, including their dividend rate, voting rights, liquidation preference and redemption provisions, will be &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;determined by the Board (subject to applicable law and the Declaration of Trust) if and when it authorizes the Preferred Shares. The fund may issue &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Preferred Shares that provide for the periodic redetermination of the dividend rate at relatively short intervals through an auction or remarketing &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;procedure, although the terms of the Preferred Shares also may enable the fund to lengthen such intervals. At times, the dividend rate as redetermined &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;on the fund&#x2019;s Preferred Shares may approach or exceed the fund&#x2019;s return after expenses on the investment of proceeds from the Preferred Shares and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;the fund&#x2019;s leveraged capital structure would result in a lower rate of return to Common Shareholders than if the fund were not so structured.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In the event of any voluntary or involuntary liquidation, dissolution or winding up of the fund, the terms of any Preferred Shares may entitle the holders of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Preferred Shares to receive a preferential liquidating distribution (expected to equal the original purchase price per share plus redemption premium, if &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;any, together with accrued and unpaid dividends, whether or not earned or declared and on a cumulative basis) before any distribution of assets is made &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to Common Shareholders. After payment of the full amount of the liquidating distribution to which they are entitled, the holders of Preferred Shares &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;would not be entitled to any further participation in any distribution of assets by the fund.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under the 1940 Act, if at any time dividends on the Preferred Shares are unpaid in an amount equal to two full years&#x2019; dividends thereon, the holders of &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;all outstanding Preferred Shares, voting as a class, will be allowed to elect a majority of the fund&#x2019;s Trustees until all dividends in default have been paid &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;or declared and set apart for payment. In addition, if required by the Rating Agency rating the Preferred Shares or if the Board determines it to be in the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;best interests of the Common Shareholders, issuance of the Preferred Shares may result in more restrictive provisions than required by the 1940 Act &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;being imposed. In this regard, holders of the Preferred Shares may be entitled to elect a majority of the Board in other circumstances, for example, if &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;one payment on the Preferred Shares is in arrears.&lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;&lt;/div&gt; &lt;/div&gt; &lt;div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"&gt; &lt;div style="margin-top:6pt"&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;If the fund were to issue Preferred Shares, it is expected that the fund would seek a credit rating for the Preferred Shares from a Rating Agency. In that &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;case, as long as Preferred Shares are outstanding, the composition of its portfolio would reflect guidelines established by such Rating Agency. &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Although, as of the date hereof, no such Rating Agency has established guidelines relating to any such Preferred Shares, based on previous guidelines &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;established by such Rating Agencies for the securities of other issuers, the fund anticipates that the guidelines with respect to the Preferred Shares &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;would establish a set of tests for portfolio composition and asset coverage that supplement (and in some cases are more restrictive than) the applicable &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements under the 1940 Act. Although, at this time, no assurance can be given as to the nature or extent of the guidelines, which may be imposed &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in connection with obtaining a rating of the Preferred Shares, the fund currently anticipates that such guidelines will include asset coverage &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements, which are more restrictive than those under the 1940 Act, restrictions on certain portfolio investments and investment practices, &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements that the fund maintain a portion of its total assets in short-term, high-quality, fixed-income securities and certain mandatory redemption &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;requirements relating to the Preferred Shares. No assurance can be given that the guidelines actually imposed with respect to the Preferred Shares by &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;such Rating Agency will be more or less restrictive than as described in this Prospectus.&lt;/div&gt;&lt;/div&gt; &lt;/div&gt; </cef:CapitalStockTableTextBlock>    <cef:SecurityTitleTextBlock
      contextRef="P02_23_2024To02_23_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      id="ixv-20599">Common Shares</cef:SecurityTitleTextBlock>
    <cef:SecurityDividendsTextBlock
      contextRef="P02_23_2024To02_23_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      id="ixv-8105">&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Declaration of Trust permits the fund to issue an unlimited number of full and fractional Common Shares of beneficial interest, with or without par &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;value.&lt;/div&gt;</cef:SecurityDividendsTextBlock>
    <cef:SecurityVotingRightsTextBlock
      contextRef="P02_23_2024To02_23_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      id="ixv-8108">&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Each whole Common Share is entitled to one vote and &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;each fractional Common Share is entitled to a proportionate fractional vote as to matters on which it is entitled to vote pursuant to the terms of the &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Declaration of Trust.&lt;/div&gt;</cef:SecurityVotingRightsTextBlock>
    <cef:SecurityLiquidationRightsTextBlock
      contextRef="P02_23_2024To02_23_2024_CommonSharesMemberusgaapStatementClassOfStockAxis"
      id="ixv-8112">&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Upon termination of the fund, after paying or adequately providing for the payment of all liabilities of the fund and the liquidation &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;preference with respect to any outstanding preferred shares, and upon receipt of such releases, indemnities and refunding agreements as the Trustees &lt;/div&gt;&lt;div style="color: rgb(0, 0, 0); font-family: &amp;quot;Arial Narrow&amp;quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;deem necessary , the Trustees may distribute the remaining assets of the fund among the Common Shareholders.&lt;/div&gt;</cef:SecurityLiquidationRightsTextBlock>
    <cef:SecurityTitleTextBlock
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      id="ixv-20600">Preferred Shares</cef:SecurityTitleTextBlock>
    <link:footnoteLink
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        <link:loc
          xlink:href="#Fact_101716698"
          xlink:label="Fact_101716698"
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        <link:footnote id="FN_354321" xlink:label="FN_354321" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Participants in the fund&#x2019;s dividend reinvestment plan do not pay brokerage charges with respect to Common Shares issued directly by the fund. However, whenever Common Shares are purchased or sold on the NYSE or otherwise on the open market, each participant will pay a pro rata portion of brokerage trading fees, currently $0.05 per share purchased or sold. Brokerage trading fees will be deducted from amounts to be invested. Shareholders participating in the Plan may buy additional Common Shares of the fund through the Plan at any time and will be charged a $5 transaction fee plus $0.05 per share brokerage trading fee for each order. See &#x201c;Distribution Policy&#x201d; and &#x201c;Dividend Reinvestment Plan.&#x201d;</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_101716698"
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          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_101716703"
          xlink:label="Fact_101716703"
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        <link:footnote id="FN_354323" xlink:label="FN_354323" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">The Fund uses leverage by borrowing under the LA. See &#x201c;Other Investment Policies &#x2013; Borrowing&#x201d; and &#x201c;Use of Leverage by the Fund&#x201d; in the accompanying Prospectus.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_101716703"
          xlink:to="FN_354323"
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        <link:loc
          xlink:href="#Fact_101716704"
          xlink:label="Fact_101716704"
          xlink:type="locator"/>
        <link:footnote id="FN_354322" xlink:label="FN_354322" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">See &#x201c;Management of the Fund&#x2014;The Advisor.&#x201d;</link:footnote>
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          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_101716919"
          xlink:label="Fact_101716919"
          xlink:type="locator"/>
        <link:footnote id="FN_354320" xlink:label="FN_354320" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">If Common Shares are sold to or through underwriters, the Prospectus Supplement will set forth any applicable sales load and the estimated offering expenses.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_101716919"
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        <link:loc
          xlink:href="#Fact_101716920"
          xlink:label="Fact_101716920"
          xlink:type="locator"/>
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        <link:loc
          xlink:href="#Fact_101716921"
          xlink:label="Fact_101716921"
          xlink:type="locator"/>
        <link:footnote id="FN_354324" xlink:label="FN_354324" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">The Advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the participating portfolios). This waiver equals, on an annualized basis, 0.0100% of that portion of the aggregate net assets of all the participating portfolios that exceeds $75 billion but is less than or equal to $125 billion; 0.0125% of that portion of the aggregate net assets of all the participating portfolios that exceeds $125 billion but is less than or equal to $150 billion; 0.0150% of that portion of the aggregate net assets of all the participating portfolios that exceeds $150 billion but is less than or equal to $175 billion; 0.0175% of that portion of the aggregate net assets of all the participating portfolios that exceeds $175 billion but is less than or equal to $200 billion; 0.0200% of that portion of the aggregate net assets of all the participating portfolios that exceeds $200 billion but is less than or equal to $225 billion; and 0.0225% of that portion of the aggregate net assets of all the participating portfolios that exceeds $225 billion. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its most recent fiscal year, the fund&#x2019;s reimbursement amounted to 0.01% of the fund&#x2019;s average daily net assets. This agreement expires on July 31, 2025, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.</link:footnote>        <link:footnoteArc
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</xbrl>
