The investment seeks high current income consistent with preservation of principal. Under normal circumstances, the fund invests at least 80% of its assets in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It primarily invests ...
The investment seeks high current income consistent with preservation of principal. Under normal circumstances, the fund invests at least 80% of its assets in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It primarily invests in securities that have a dollar-weighted average portfolio maturity of three years or less. The fund may not invest more than 20% of fixed-income securities in non-agency, non-government sponsored entities, or privately issued mortgage- or asset-backed securities.
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