6.23
+0(+0.00%)
Currency In USD
Address
865 South Figueroa Street
Los Angeles, CA 90017
United States of America
Phone
213-244-0000
Website
N/A
Sector
Financial Services
Industry
Asset Management - Bonds
Employees
N/A
First IPO Date
January 11, 1999
The investment seeks to maximize income and achieve above average total return consistent with reasonable risk over a full market cycle. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in high yield/below investment grade bonds (commonly known as "junk bonds"). It may invest up to 20% of its net assets in equity securities (including common stock and convertible and non-convertible preferred stocks) and bank loans of companies in the high yield universe. The fund may also invest in debt securities.