The investment seeks a high total return through current income and capital appreciation.
Under normal market conditions, the fund's assets are invested primarily in income-producing debt securities, with an emphasis on the higher rated segment of the high-yield (junk bond) market. These income-producing debt securities include corporate debt securities as well as bank loans. The fund will purchase only securities rated B or above. Up to 25% of the fund's net assets may be in foreign investments. The fund may invest in fixed income securities of any maturity and does not seek to maintain a particular dollar-weighted average maturity.