The investment seeks high level of current income.
The fund invests mainly in a diversified group of high-yielding, higher-risk corporate bonds with medium- and lower-range credit-quality ratings. It invests at least 80% of assets in corporate bonds that are rated below Baa by Moody's and have an equivalent rating by any other independent bond-rating agency; or, if unrated, are determined to be of comparable quality by the advisor. The fund may not invest more than 20% of assets in bonds with credit ratings lower than B or the equivalent, convertible securities, and preferred stocks.
Fund filings (PDF) »
Asset manager:
Michael Hong (Started: Feb 14, 2008)
# Contact ?>
PO Box 2600, V26, Valley Forge PA 19482, United States