The secondary objective is capital gain where consistent with the Fund's primary objective. To help manage risk and enhance potential returns, the Fund's management team conducts in-depth, proprietary analysis of individual securities and the creditworthiness of the companies behind those securities. Qualitative research into a company's earnings potential, management strengths and industry characteristics is also designed to optimize the Fund's risk-reward potential. To pursue additional opportunities for income and capital appreciation, the Fund also invests in convertible bonds and convertible preferred stocks. Because of this feature, convertibles not only can provide regular income, but their market values tend to move more in line with changes in the value of the underlying common stock, and less according to interest rate fluctuations, as non-convertible bonds do.
Past performance is no guarantee of future results.
Had the sales charge been included, the Fund's return would have been lower. The Fund also offers Class B, C and I shares, performance of which may vary. The Lipper High Current Yield Funds Average is an equally weighted performance index for capital gains distributions and income dividends of the largest qualifying funds in the investment objective. Indexes are unmanaged and are not adjusted for sales charges. Investors cannot invest directly in an index.