The investment seeks high current income; capital appreciation is a secondary goal. The fund normally invests at least 80% of assets in US and foreign fixed-income securities rated BB/Ba or lower and their unrated equivalents. It may invest no more than 10% of assets in securities that are rated in default by Standard & Poor's or by Moody's, and may invest up to 20% in US and foreign common stocks of companies of any size. The fund may invest in both investment grade and non-investment grade asset-backed securities, including asset-backed securities rated BB/Ba or lower and their unrated equivalents.
0.08 (1.05%) 