To seek maximum current income through investment in a diversified portfolio of high-yield debt securities.
Capital appreciation is a secondary objective.
An income component to compliment your overall equity portfolio, for those investors willing to accept the higher risks of high-yield bond investing. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Contingent Deferred Sales Charge Past performance is no guarantee of future results. Due to market volatility, current performance may be less than the figures shown.