The investment seeks a high level of current income while conserving the value of the investment for the longest period of time.
The fund normally invests at least 80% of net assets in bonds and other debt securities. It invests at least 50% of assets in securities like those included in the Barclays Capital U.S. Aggregate Bond Index. The fund may invest up to 25% of assets in foreign investments, which may include investments in emerging-markets.