The investment seeks a high level of current income by investing primarily in a diversified portfolio of high-, medium- and low-grade debt securities. As a matter of non-fundamental policy, the fund will ordinarily invest at least 80% of its assets in bonds. The fund's average weighted maturity will ordinarily range between five and twenty years. The balance of the fund's assets are not required to meet any minimum quality rating although the fund will not, under normal circumstances, invest more than 35% of its assets in below investment grade securities (or the unrated equivalent).