Industry description
The investment seeks a high level of current income in a manner consistent with preserving principal.
The fund invests at least 80% of assets in U.S. government securities and repurchase agreements for those securities. It invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. The fund invests in instruments related to U.S. government securities. The advisor normally maintains a dollar-weighted average maturity between two and five years.