What do the boxes mean?

The style box represents the fund's investment objective and is not reflective of the historical or current holdings of the portfolio.

High Income

High Income Strategy

The Fund seeks to provide a high level of current income and total return through investment in high yield corporate, government and other debt instruments of U.S. and non-U.S. issuers.

What are the principles that have enabled the strategy to be successful?

Targeted universe – this strategy uses a more aggressive approach to the high yield market, targeting healthy BB and B rated securities and opportunistic allocations to CCC rated debt instruments.

Multiple value sources – create value through in-depth company research, deliberate industry weightings, and optimal structures. Companies are modeled according to specifics that drive their industry group, to determine those that provide the best relative value. The investment team seeks to add value by looking for positive industry fundamentals and making effective use of structure.

Risk controls – diversification controls are in place to limit sector and individual security weights within the portfolio.

Click here for disclosures and more information on investment risks.