Fiscal Year End
|| Intermediate-Term Bond
The fund seeks the highest level of income consistent with preservation of capital over time by investing primarily in investment-grade bonds.
Invests at least 80% of the total assets in income-producing investment-grade debt securities that possess what we believe have favorable total return (income plus changes in principal characteristics). There are no maturity restrictions, and we can purchase long-term bonds, but the portfolio’s weighted average maturity is expected to stay in a range from four to 15 years.
Investors who seek an attractive level of income and are willing to accept the risk of a declining share price when interest rates rise. Appropriate for both regular and tax-deferred accounts, such as IRAs.
Click on the risk/reward spectrum below to view the funds in that category
The New Income Fund seeks to provide investors high current income potential and can be used to diversify an equity portfolio. Since the fund has a fairly long average maturity, it offers higher yield potential than money market or shorter-term bond funds but with more volatility. The portfolio is broadly diversified, investing in corporate bonds, Treasuries, government securities, and mortgage-backed issues.
Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that some of the fund's holdings will have their credit ratings downgraded or will default.