GOVY tries to achieve maximum current income without compromising on capital preservation and liquidity. It invests 80% (under normal conditions) of its fund in debt securities issued or guaranteed by the US government, its agencies or government-sponsored enterprises (GSEs). However, un-invested assets may be placed in other investment grade US$, fixed-income securities from US issuers, that are rated Aa or higher by Moody’s. GOVY can only invest in securities which mature in less than 2 years and on average the portfolio duration will not exceed 1 year.
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