The investment seeks high current income. The fund invests primarily in investment grade government and government sponsored debt securities. Under normal circumstances, at least 80% of net assets of the fund must be government issued, sponsored, or guaranteed. It invests at least 65% of total assets in investment grade debt securities. The fund may invest up to 35% of total assets in below investment grade securities ("junk bonds"). Additionally, the Subadviser may attempt to hedge currency exposure, and may invest up to 50% of total assets in futures and options (derivatives), for currency hedging purposes. The fund is non-diversified.