Industry description
The investment seeks a high level of current income and secondarily, in seeking current income, may also consider the potential for capital appreciation.
The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises and in repurchase agreements collateralized by such securities. 100% of the fund's portfolio will be invested in U.S. dollar-denominated securities.