The prospectus states the objective is primarily income and secondarily capital appreciation. The Fund invests a substantial majority of assets in income-generating investments of domestic issuers (loans, loan participations, profit share interests, notes, preferred shares and public and private credit funds), without restriction on maturity, seniority or credit quality, and about 1.5% to 3% of total assets in quarterly S&P 500 call option spreads. It may borrow up to 33 1/3% of total assets; none was outstanding at 3/31/2026 or 6/30/2026.