The investment seeks a high level current income. The fund invests at least 80% of total assets, plus the amount of any borrowings for investment purposes, in bonds (debt securities). It normally invest at least 65% of total assets in investment-grade corporate bonds, mortgage-related and other asset-backed securities and securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities. The fund may invest 10% of total assets in non-U.S. dollar-denominated instruments.