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. It generally invests in high yield securities rated CCC or better. The fixed income securities and loans in which the managers expect to invest include traditional corporate bonds, U.S. government obligations and bank loans to corporate borrowers, and may have fixed, floating or variable rates.
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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