Control Number: 0238592-00001-00
1 Higher-rated high yield bonds are below investment grade, commonly referred to as “junk bonds,” and are considered speculative. Rated Ba, B by Moody’s Investors Service, Inc.; BB, B by Standard & Poor’s Ratings Services or Fitch, Inc.; or comparably rated by another nationally recognized statistical rating organization (NRSRO) or, if unrated, are considered by the Fund’s subadvisor to be of comparable quality.
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