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.
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.
* Funds are placed in general risk/return categories based on their 10-year standard deviation
(as of December 2015) or, for newer funds, the standard deviation of the types of securities
in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.