Senior Loans are business loans made to borrowers that may be corporations, partnerships, or other entities. These borrowers operate in a variety of industries and geographic regions. Results are hypothetical. Past performance is no guarantee of future results. As a result of recent market activity, current performance may vary from the figures shown.
Past performance is no guarantee of future results.
Investment return and principal value will fluctuate and trust shares, when tendered, may be worth more or less than their original cost. Total return assumes reinvestment of all dividends and capital gains and excludes payment of maximum early withdrawal charge. All information is provided for informational purposes only and should not be deemed as a recommendation to buy securities in the industries shown above. Past performance is no guarantee of future results. A high level of defaults and bankruptcies in 1999 and 2000 had a significant impact on the high-yield and senior loan capital markets and contributed to the decline of the fund's net asset value.