The investment seeks income consistent with the preservation of principal. The fund invests at least 80% of the Fund's investable assets in bonds of corporations with varying maturities. It also invests up to 35% of total assets in dollar-denominated obligations issued in the U.S. by foreign corporations and governments. The fund may also invest up to 20% of total assets in debt obligations issued by the U.S. Government and government related entities. and up to 5% of net assets in taxable preferred securities.The effective duration of the fund's portfolio is generally less than three years.