The investment seeks high current income consistent with moderate risk to capital. Under normal circumstances, the Portfolio invests at least 80% of its net assets, plus borrowings for investment purposes, in debt securities. It invests primarily (either directly or indirectly through other investments) in securities, including government, corporate and agency mortgage- and asset-backed securities, that are rated investment grade at the time of purchase, or if unrated, fixed income securities that the Adviser or Sub-Adviser determines to be of comparable quality.