FIGB is an actively managed fund that invests primarily in investment grade debt securities and repurchase agreements for those securities, though it may also allocate a smaller portion to high yield debt. The fund aims to cast a wide net by investing in domestic and foreign issuers, across different market sectors and maturities. Credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities are analyzed when selecting securities. Derivatives may be utilized to manage the funds risks.