The investment seeks high current income. Capital growth is a secondary goal when consistent with achieving high current income.
The fund mainly invests in securities rated below investment-grade and have intermediate- to long-term maturities (three years or longer). It may also use derivatives, such as futures, options, warrants and swap contracts, for both hedging and non-hedging purposes.
Fund Manager:
Paul D. Scanlon
, since 7/31/02
Fund Inception:
2/14/78
Fund Ratings & Risk:
View Ratings & Risk
Composition:
STOCK (2.73%),
BONDS (85.81%),
CASH (5.39%),
OTHER (6.06%)