About: The funds primary objective is to seek high current income. The secondary objective is capital growth, as far as it is consistent with the primary aim. Under normal market conditions the fund will invest at least 65% of its total assets in income securities of US issuers rated below investment grade quality. The fund may invest up to 25% of its total assets in securities of issuers domiciled outside the United States or that are denominated in various foreign currencies and multinational currency units. The fund will nvest up to 10% of the Fund’s total assets in floating rate loans.
Tags: Asset Management Financial Services