The Prospectus states the Fund seeks a high level of current income, with long-term capital appreciation as a secondary objective. Under normal circumstances at least 80% of net assets plus borrowings are invested in debt and income-producing securities. The Fund invests in debt of any maturity and any credit quality, including below investment grade and unrated securities, across collateralized debt and loan obligations and other asset-backed and mortgage-backed securities, corporate bonds, U.S. government securities, senior secured loans, and second lien, subordinated or unsecured debt. Derivatives may be used for investment, hedging and liquidity. The Fund may invest a significant portion of assets in one or more investment types.