Under typical market conditions, this fund commits a significant portion—at least 80% of its net assets, supplemented by any borrowed capital for investment—to corporate debt instruments. It constructs a varied portfolio comprising both high-quality investment-grade corporate bonds and higher-yielding, higher-risk corporate bonds. The fund also incorporates U.S. government and treasury securities, with the stipulation that they must mature within ten years or less. Although all holdings are denominated in U.S. dollars, they may originate from foreign corporations or their American subsidiaries.