The investment seeks current income with capital growth as a secondary objective. The fund normally invests at least 80% of its net assets in fixed income securities, which include domestic investment grade corporate, agency and governmental bonds, mortgage-backed securities, asset-backed securities, and Yankee bonds. Its investments may include foreign securities, including indirect investments such as ADRs or other types of depositary receipts, which are U.S. dollar-denominated receipts representing shares of foreign-based corporations. The fund may invest up to 10% of its assets in high yield bonds. It may invest in Initial Public Offerings ("IPOs").
Fund filings (PDF) »
Gary Cloud (Started: Jul 16, 2007)
Peter Greig (Started: Jul 16, 2007)
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Hennessy, 7250 Redwood Blvd., Suite 200, Novato CA 94945, USA