Fund Description

The fund was incepted in June 1985 and is managed by AEGON/Transamerica fund Advisers, Inc. The fund seeks a high level of current income. The fund invests in high-yield debt securities. The fund invests at least 80% of fund assets in a diversified portfolio of fixed-income securities including investment grade bonds and high-yield/high risk bonds (commonly know as ??junk bonds??). It may invest some or all of its assets in short-term U.S. government, obligations (Treasury bills) (which is inconsistent with the fund?s principal investment strategies). The fund distributes dividends and capital gains annually.