The investment seeks high current income; capital growth is a secondary goal when consistent with achieving high current income. The fund invests mainly in bonds that are obligations of U.S. companies, are below-investment-grade in quality (sometimes referred to as "junk bonds"), and have intermediate- to long-term maturities (three years or longer). The manager may also invest in other debt instruments, including loans. The manager may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
Fund filings (PDF) »
Paul Scanlon (Started: Jul 31, 2002)
Norman Boucher (Started: Aug 31, 2005)
Robert Salvin (Started: Aug 31, 2005)
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