|120 West 45th Street, Suite 3600 , New York, NY 10036|
|Fund Manager||Sandy Rufenacht|
|Manager Tenure||15 Years 2 Months|
The Fund s objective is to obtain high current income. Capital appreciation is a secondary objective when consistent with its primary objective. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Such securities may be rated at any level by nationally recognized statistical rating organizations or they may be unrated. It is anticipated that the Fund s portfolio will typically include a high proportion, perhaps even 100%, of high-yield/high-risk securities rated below investment grade. Such securities are sometimes called junk bonds. The bonds the Fund purchases can be of any maturity but the average effective weighted maturity of the Fund s portfolio will normally be within one year of the average maturity of the Bloomberg Barclays US Corporate High Yield Total Return Index Value Unhedged. The average maturity of the Index as of December 31, 2020 was 6.46 years. In addition to considering economic factors such as the effect of interest rates on the Fund s investments, Three Peaks Capital Management, LLC (the Sub-Adviser ), applies a bottom up approach in choosing investments. This means that the Sub-Adviser considers the individual characteristics of each potential investment in an income-producing security to determine if it is an attractive investment opportunity and consistent with the Fund s investment policies. Within the parameters of the Fund s specific investment policies, the Fund may invest without limit in foreign debt, including debt of emerging markets issuers. The Fund may also invest in subordinated securities and may hold cash or other short-term investments.
|Asset Type||% Of Allocation|
|Total Net Assets||147.29 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$0|
|Timeframe||Average Annual Current Performance Monthly As Of 08/31/2021||Average Annual Current Performance Quarterly As Of 05/31/2021||Avg Annual Current Performance Monthly As Of 08/31/2021||Avg Annual Current Performance Quarterly As Of 05/31/2021|
|Life Of Fund||
Join the Action Alerts PLUS Community today!
Jim Cramer has your game plan for next week, which he says will be the calm before the earnings season storm.
Starbucks reportedly said it will raise wages and benefits and a union isn’t needed, to employees at three stores in Buffalo New York.
Exxon has 'reduced costs, surprised to the downside on capital spending, outperformed our expectations in downstream/chemicals,' Goldman said.
Companies need to forget about help from Washington and step up to the plate.
Evergrande's default saga, as well as mounting supply chain issues, have stocks trading mixed Friday.
Jim Cramer discusses China's crypto clampdown and Nike's report.