Description

This fund strives to generate significant current income while safeguarding investors' principal. It commits a minimum of 80% of its total assets, including any funds acquired through borrowing, to debt securities classified as investment grade. The portfolio comprises a diverse selection of high-quality bonds, including those issued by the U.S. government, its agencies, and government-sponsored entities, as well as corporate debt, debentures, and various mortgage-backed and mortgage-related instruments like mortgage pass-through securities. The fund actively manages its interest rate exposure, targeting a weighted average duration ranging from zero to seven years.