Address And Details
|60 State Street , Boston, MA 02109|
|Fund Manager||Team Managed|
Strategy And Objective
Maximize total return through a combination of income and capital appreciation. Normally, the fund invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks. Derivative instruments that provide exposure to such high yield debt securities and preferred stock or have similar economic characteristics may be used to satisfy the fund's 80% policy. Debt securities rated below investment grade are commonly referred to as "junk bonds" and are considered speculative. The fund may invest in high yield securities of any rating, including securities where the issuer is in default or bankruptcy at the time of purchase. The fund invests in securities of any maturity. The fund's investments may have fixed or variable principal payments and all types of interest rate and dividend payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features. The funds investments may include instruments that allow for balloon payments or negative amortization payments. The fund may invest in investment grade and below investment grade convertible bonds and preferred stocks that are convertible into the equity securities of the issuer. The fund may invest up to 20% of its net assets in inverse floating rate obligations (a type of derivative instrument).The fund may invest up to 20% of its net assets in common stock and other equity investments, such as funds that invest primarily in equity securities, depositary receipts, warrants, rights and equity interests in real estate investment trusts (REITs).The fund may invest up to 15% of its total assets in securities of non-U.S. issuers. The fund may invest a portion of its assets in mortgage-related securities, including collateralized mortgage obligations and "sub-prime" mortgages, and asset-backed securities. The fund also may invest a portion of its assets in floating rate loans, subordinated debt securities, municipal securities and insurance-linked securities.
Net Asset Value
- 1 Week
- 1 Month
- 3 Months
- 1 Yr Return
- 5 Yr Return
Equity Sector Breakdown
|Asset Type||% Of Allocation|
|Total Net Assets||416.09 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$0|
|Timeframe||Average Annual Current Performance Monthly As Of 12/31/2021||Average Annual Current Performance Quarterly As Of 12/31/2021||Avg Annual Current Performance Monthly As Of 12/31/2021||Avg Annual Current Performance Quarterly As Of 12/31/2021|
|Life Of Fund||
Recent Articles from TheStreet
Cramer's Mad Money Recap 1/20: Market Bottom Checklist
Jim Cramer says by his calculations, we aren't quite at the market bottom, but his checklist shows we're closer than ever. Here's why.
Here Are Some Stocks That Flourish When Rates Rise
Each of the four companies has a lower forward price-earnings ratio than the S&P 500.
Wharton Students Think Six-Figure Salaries Are The American Average
The average American salary is not $800,000, even though Wharton students guessed that income.
Pork Ice Cream? It's Coming To Some McDonalds' Not Near You
The meaty dessert will be available in McDonald's restaurants across Thailand until April 5.
Stocks, Bonds, Real Estate in a Bubble, Says Investor Grantham
'We have the most exuberant, ecstatic, even crazy investor behavior in the history of the U.S. stock market,' Jeremy Grantham said.
Housing Inflation Taking Bigger Chunk Out of Consumer Budgets
As both costs for buying and renting a home rise, consumers face paying a larger portion of their budget for housing.
Better.com CEO Back to Work After Mass Zoom Firings; Experts Aren't Surprised
Employees may want Better.com CEO Vishal Garg fired, but human resources professionals and academics never expected that to happen.
Self-Driving Sensor Maker Luminar Partners with Mercedes-Benz
Luminar and Mercedes-Benz partnered on development of automated-driving systems for the automaker's cars. And Mercedes took a stake in Luminar.
TurboTax Ends Free Filing With IRS Ahead of 'Challenging' Tax Season
Those who used TurboTax to file their taxes through IRS for years are in for a change.