The Fund primarily seeks current income, with growth as a secondary objective. The Fund invests primarily in convertible securities issued by both U. S. and foreign companies. In seeking to meet its objective, the Fund utilizes highly disciplined institutional management strategies designed to enhance investment returns while managing risk. Convertible securities are bonds or preferred stock that provide the option to convert the security within a certain period of time into a specific number of shares of the issuer's common stock.
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 Convertible Mutual Fund Average comprises all funds that invest primarily in convertible securities. Lipper mutual fund averages are equally weighted, are composed of the largest funds within their respective investment objectives, and reflect reinvestment of capital gains distributions and income dividends. Indexes are unmanaged and are not adjusted for sales charges.