Fund Description

The fund was incepted in March 1993 and is managed by Banc One Investment Advisors. The fund seeks a high level of current income with liquidity and safety of principal. The fund limits its investments to securities issued by the U.S. government and its agencies and instrumentalities (e.g., government bonds) or related to securities issued by the U.S. government and its agencies and instrumentalities. The fund mainly invests in government bonds with intermediate to long remaining maturities. These include mortgage-backed securities. The fund managers look for individual securities that it believes will perform well over market cycles. The fund spreads its holdings across various security types within the government market sector (e.g., U.S. government agency securities and agency mortgage-backed securities). The fund selects individual securities after performing a risk/reward analysis that includes an evaluation of interest rate risk and the complex legal and technical structure of the transaction. The fund offers dividends monthly and capital gains annually.