The investment seeks to generate a high level of current income.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities and loans issued by companies that are rated below investment grade. The managers consider below investment grade securities to include securities with ratings lower than BBB- by Standard & Poor's® Ratings Group ("S&P") or Baa3. The fund generally invests in high yield securities rated CCC or better.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Shenkman Funds
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=U.S. Bancorp Fund Services, LLC
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=High Yield Bond
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=U.S. Bank National Association
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