The investment seeks high current income with secondary objectives of capital preservation and appreciation. The fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers. It normally invests at least 25% of its total assets in corporate debt obligations and other corporate income-producing securities. The fund invests up to 25% of its total assets (measured at the time of investment) in non-U.S. dollar denominated securities.