Fiscal Year End
|| Corporate Bond
The fund's objective is to provide high income and some capital growth.
The fund invests primarily in investment-grade corporate debt securities issued by U.S. companies. The fund may invest in a variety of other types of securities in an effort to enhance income and achieve capital growth, including non-investment grade debt and debt issued by foreign issuers.
Individuals who seek high income and some capital growth and can accept the possibility of share price declines. Appropriate for regular and tax-deferred accounts, such as IRAs and Keoghs.
Click on the risk/reward spectrum below to view the funds in that category
The Corporate Income Fund pursues high current income with some capital appreciation by investing primarily in investment-grade corporate bonds. The addition of high-yield bonds, convertibles, and foreign securities provides the opportunity for capital growth and higher income, but with greater risk.
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 one of the fund's holdings will have its credit rating downgraded or may default, potentially reducing the fund's income level and share price.