A Hybrid Approach to Investing

Despite today's low-yield environment, many investors will still need to look to fixed income for income generation, growth, and diversification. The low correlation to equities and other fixed income asset classes make high yield bonds an attractive option.

 

Performance discussed within is as of 04/30/2018. See below for most recent performance.

Request the product spotlight

Our team is here to answer any questions you may have. Contact us if you would like to learn more about our selective, straightforward approach to high yield investing.

Investment Objective

To provide a high level of long-term total return by investing principally in non-investment grade fixed income securities that are issued by corporate and government entities.

Investment Strategy

Under normal circumstances, the Series will invest at least 80% of its assets in bonds that are rated below investment-grade (junk bonds) and those securities, principally exchange-traded funds, that are designed to track the performance of non-investment grade securities.

May be Appropriate for Investors

  • Seeking a long-term investment and who are willing to accept the risk of interest rate fluctuations
  • Seeking to diversify a portfolio by adding a bond component

Daily Price

$10.34

Daily $ Change

-$0.01

Daily % Change

-0.10%

as of 01/20/2022

Ticker

MNHYX

CUSIP

56382P583

Inception Date

09/14/2009

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
N-Port Part F Reports

Performance

As of 12/31/2021

YTD

---

1 Year

9.99%

3 Year

10.04%

5 Year

7.36%

10 Year

6.95%

Inception
(09/14/2009)

7.54%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.04%
Net 0.91%*

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 12/31/2021

AMERICAN TANKER INC 7.75000 07/02/2025 2.32%
PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 2.14%
IEA ENERGY SERVICES LLC 6.62500 08/15/2029 2.04%
BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 2.04%
AMERICAN AXLE & MANUFACTURING 3.00000 04/06/2024 1.98%
IIP OPERATING PARTNER 5.50000 05/25/2026 1.95%
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 1.78%
TACORA RESOURCES INC 8.25000 05/15/2026 1.75%
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 1.71%
JONAH ENERGY PARENT LLC 1.68%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 12/31/2021

Cash 9.88%
Corporate 86.94%
Mortgage 3.18%

Credit Quality Distribution

As of 12/31/2021

AAA 9.87%
BBB 7.00%
BB 35.50%
B 24.25%
CCC 2.65%
D 0.00%
NR 20.73%

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (NR) is used to classify securities for which a rating is not available. Credit quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Services (Moody’s) or Standard & Poor’s. When ratings from Moody’s are not available, ratings from Standard & Poor’s are used.

December Fund Holdings

As of 12/31/2021

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 2,796,223.12 $3,113,061.48
02406MAP2 AMERICAN AXLE & MANUFACTURING 3.00000 04/06/2024 US 4,811,298.33 $4,794,025.77
04916WAA2 ATLANTICA SUSTAIN INFRA 4.12500 06/15/2028 GB 3,250,000 $3,274,375.00
07403VAA7 BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 US 5,000,000 $4,937,500.00
075896AB6 BED BATH & BEYOND INC 4.91500 08/01/2034 US 2,750,000 $2,476,897.50
12345678 JONAH ENERGY PARENT LLC US 65,341 $4,083,812.50
144523AC1 CARRINGTON HOLDING CO LL 8.00000 01/01/2026 US 3,000,000 $3,024,840.87
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 3,075,000 $3,367,125.00
18538RAJ2 CLEARWATER PAPER CORP 4.75000 08/15/2028 US 3,750,000 $3,815,625.00
19260QAC1 COINBASE GLOBAL INC 3.37500 10/01/2028 US 3,675,000 $3,431,531.25
26150TAE9 DRAWBRIDGE SPEC OPPOR FU 3.87500 02/15/2026 US 2,400,000 $2,445,735.41
262006208 DREYFUS GVT CSH MANAGEMENT US 25,575,610.31 $25,575,610.31
267475AD3 DYCOM INDUSTRIES INC 4.50000 04/15/2029 US 3,302,000 $3,363,912.50
29261HAA3 ENDEAVOR MINING PLC 5.00000 10/14/2026 GB 3,750,000 $3,712,500.00
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 3,640,000 $3,795,755.60
382550BL4 GOODYEAR TIRE & RUBBER 5.00000 07/15/2029 US 3,250,000 $3,491,150.00
400666AA1 GUARA NORTE SARL 5.19800 06/15/2034 LU 3,502,321 $3,441,065.41
415858208 HARROW HEALTH US 94,800 $2,541,588.00
418751AE3 HAT HOLDINGS I LLC/HAT 3.37500 06/15/2026 US 3,750,000 $3,787,500.00
42804VBB6 HERTZ 4.00000 06/30/2028 US 3,364,358.68 $3,364,358.68
42804VBC4 HERTZ 4.00000 06/30/2028 US 635,641.32 $635,641.32
428102AE7 HESS MIDSTREAM OPERATION 4.25000 02/15/2030 US 3,750,000 $3,721,875.00
44963HAB1 IHS HOLDING LTD 6.25000 11/29/2028 KY 3,750,000 $3,796,875.00
44988FAD2 IIP OPERATING PARTNER 5.50000 05/25/2026 US 4,455,000 $4,718,489.86
45174AAA0 IEA ENERGY SERVICES LLC 6.62500 08/15/2029 US 5,000,000 $4,938,750.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 3,479,000 $3,583,370.00
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 2,230,000 $2,363,800.00
505742AM8 LONDON CAP FIN 4.25000 02/01/2027 US 3,500,000 $3,522,855.00
521088AC8 LD HOLDINGS GROUP 6.12500 04/01/2028 US 2,500,000 $2,356,250.00
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 3,950,000 $3,996,215.00
55616XAM9 MACY'S RETAIL HLDGS LLC 4.50000 12/15/2034 US 3,600,000 $3,555,000.00
59567LAA2 MIDCAP FINANCIAL ISSR TR 6.50000 05/01/2028 US 3,750,000 $3,909,375.00
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 3,500,000 $3,272,500.00
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 2,325,000 $2,557,500.00
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 3,787,000 $3,824,870.00
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 6,535,000 $65.35
69354NAD8 PRA GROUP 5.00000 10/01/2029 US 3,750,000 $3,759,375.00
70615PAA2 PELORUS FUND REIT 7.00000 09/30/2026 US 2,750,000 $2,705,892.34
70789PAA2 PENN VIRGINIA ESC LLC 9.25000 08/15/2026 US 3,060,000 $3,174,749.97
716473AE3 PETROFAC LTD 9.75000 11/15/2026 JE 3,905,000 $3,983,959.10
727493AC2 PLANTRONICS INC 4.75000 03/01/2029 US 3,720,000 $3,547,950.00
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 3,200,000 $3,405,760.00
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 4,830,000 $5,185,826.10
75079MAA7 RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 3,750,000 $3,862,500.00
78442FAZ1 SLM CORP 5.62500 08/01/2033 US 2,500,000 $2,381,250.00
78442PGE0 SLM CORP 3.12500 11/02/2026 US 3,750,000 $3,712,500.00
82967NBJ6 SIRIUS XM RADIO INC 4.00000 07/15/2028 US 3,500,000 $3,519,565.00
86745GAF0 SUNNOVA ENERGY CORP 5.87500 09/01/2026 US 3,500,000 $3,569,999.97
87157B301 SYNCHRONOSS TECH US 104,700 $2,487,672.00
87356LAA8 TACORA RESOURCES INC 8.25000 05/15/2026 CA 4,260,000 $4,238,700.00
88167AAN1 TEVA PHARMACEUTICALS 7.12500 01/31/2025 NL 3,500,000 $3,745,000.00
90932KAA7 UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 3,701,647.84 $3,666,263.42
90932NAA1 UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 1,434,396.41 $1,455,159.16
913229AA8 UNITED WHOLESALE MTGE LL 5.50000 04/15/2029 US 2,500,000 $2,453,125.00
92840VAH5 VISTRA OPERATIONS CO LLC 4.37500 05/01/2029 US 3,711,000 $3,717,048.93
93627CAB7 WARRIOR MET COAL INC 7.87500 12/01/2028 US 3,810,000 $3,905,250.00
958278AA1 WESTERN GLOBAL AIRLINES 10.37500 08/15/2025 US 3,500,000 $3,893,750.00
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 5,605,000 $5,637,695.65
BL3427798 TUTOR PERINI FLT 5.75000 08/18/2027 US 3,877,756.46 $3,877,756.46
BL3556133 JAZZ TL B 1L 4.00000 05/05/2028 LU 2,493,750 $2,501,705.06
BL3665124 MEDLINE 3.75000 10/21/2028 US 3,500,000 $3,498,460.00
BN6725160 SEASPAN CORP 6.50000 02/05/2024 MH 3,600,000 $3,762,000.00
BN7860420 PETROTAL CORP 12.00000 02/16/2024 CA 3,580,000 $3,741,100.00
BO4553299 TIGER HOLDCO PTE LTD 13.00000 06/10/2023 SG 50,944 $51,453.44
BO8204600 COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 4,116,000 $4,306,570.80
BP3061408 AIRSWIFT GLOBAL AS FLT 8.65438 05/12/2025 NO 3,500,000 $3,552,500.00
BQ0584657 JERVOIS MINING LTD 12.50000 07/20/2026 AU 3,000,000 $3,170,460.00
BQ1125120 KENT GLOBAL PLC 10.00000 06/28/2026 GB 3,420,000 $3,397,941.00
BQ5523163 PING PETROLEUM UK 12.00000 07/29/2024 GB 2,000,000 $1,980,000.00
BR8705906 TIDEWATER INC 8.50000 11/16/2026 US 3,600,000 $3,600,000.00
BS9763829 PEMBROKE OLIVE DOWNS 10.00000 12/21/2028 AU 2,600,000 $2,522,000.00
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 3,200,000 $3,344,000.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 4,053,000 $4,154,325.00

Investments will change over time.

Distributions

  • High Yield Bond Series Class S Distribution History
  • 2021 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2021 Distributions
  • Second Quarter 2021 Distributions
  • First Quarter 2021 Distributions
  • Tax Letter
  • High Yield Bond Return of Capital 2017

A Word About Risk

All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

A Hybrid Approach to Investing

Despite today's low-yield environment, many investors will still need to look to fixed income for income generation, growth, and diversification. The low correlation to equities and other fixed income asset classes make high yield bonds an attractive option.

 

Performance discussed within is as of 04/30/2018. See below for most recent performance.

Request the product spotlight

Our team is here to answer any questions you may have. Contact us if you would like to learn more about our selective, straightforward approach to high yield investing.

Daily Price

$10.34

Daily $ Change

-$0.01

Daily % Change

-0.10%

as of 01/20/2022

Ticker

MNHYX

CUSIP

56382P583

Inception Date

09/14/2009

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
N-Port Part F Reports

Investment Objective

To provide a high level of long-term total return by investing principally in non-investment grade fixed income securities that are issued by corporate and government entities.

Investment Strategy

Under normal circumstances, the Series will invest at least 80% of its assets in bonds that are rated below investment-grade (junk bonds) and those securities, principally exchange-traded funds, that are designed to track the performance of non-investment grade securities.

May be Appropriate for Investors

  • Seeking a long-term investment and who are willing to accept the risk of interest rate fluctuations
  • Seeking to diversify a portfolio by adding a bond component

Performance

As of 12/31/2021

YTD

---

1 Year

9.99%

3 Year

10.04%

5 Year

7.36%

10 Year

6.95%

Inception
(09/14/2009)

7.54%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.04%
Net 0.91%*

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 12/31/2021

AMERICAN TANKER INC 7.75000 07/02/2025 2.32%
PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 2.14%
IEA ENERGY SERVICES LLC 6.62500 08/15/2029 2.04%
BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 2.04%
AMERICAN AXLE & MANUFACTURING 3.00000 04/06/2024 1.98%
IIP OPERATING PARTNER 5.50000 05/25/2026 1.95%
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 1.78%
TACORA RESOURCES INC 8.25000 05/15/2026 1.75%
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 1.71%
JONAH ENERGY PARENT LLC 1.68%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 12/31/2021

Cash
9.88%
Corporate
86.94%
Mortgage
3.18%

Credit Quality Distribution

As of 12/31/2021

AAA
9.87%
BBB
7.00%
BB
35.50%
B
24.25%
CCC
2.65%
D
0.00%
NR
20.73%

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (NR) is used to classify securities for which a rating is not available. Credit quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Services (Moody’s) or Standard & Poor’s. When ratings from Moody’s are not available, ratings from Standard & Poor’s are used.

December Fund Holdings

As of 12/31/2021

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 2,796,223.12 $3,113,061.48
02406MAP2 AMERICAN AXLE & MANUFACTURING 3.00000 04/06/2024 US 4,811,298.33 $4,794,025.77
04916WAA2 ATLANTICA SUSTAIN INFRA 4.12500 06/15/2028 GB 3,250,000 $3,274,375.00
07403VAA7 BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 US 5,000,000 $4,937,500.00
075896AB6 BED BATH & BEYOND INC 4.91500 08/01/2034 US 2,750,000 $2,476,897.50
12345678 JONAH ENERGY PARENT LLC US 65,341 $4,083,812.50
144523AC1 CARRINGTON HOLDING CO LL 8.00000 01/01/2026 US 3,000,000 $3,024,840.87
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 3,075,000 $3,367,125.00
18538RAJ2 CLEARWATER PAPER CORP 4.75000 08/15/2028 US 3,750,000 $3,815,625.00
19260QAC1 COINBASE GLOBAL INC 3.37500 10/01/2028 US 3,675,000 $3,431,531.25
26150TAE9 DRAWBRIDGE SPEC OPPOR FU 3.87500 02/15/2026 US 2,400,000 $2,445,735.41
262006208 DREYFUS GVT CSH MANAGEMENT US 25,575,610.31 $25,575,610.31
267475AD3 DYCOM INDUSTRIES INC 4.50000 04/15/2029 US 3,302,000 $3,363,912.50
29261HAA3 ENDEAVOR MINING PLC 5.00000 10/14/2026 GB 3,750,000 $3,712,500.00
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 3,640,000 $3,795,755.60
382550BL4 GOODYEAR TIRE & RUBBER 5.00000 07/15/2029 US 3,250,000 $3,491,150.00
400666AA1 GUARA NORTE SARL 5.19800 06/15/2034 LU 3,502,321 $3,441,065.41
415858208 HARROW HEALTH US 94,800 $2,541,588.00
418751AE3 HAT HOLDINGS I LLC/HAT 3.37500 06/15/2026 US 3,750,000 $3,787,500.00
42804VBB6 HERTZ 4.00000 06/30/2028 US 3,364,358.68 $3,364,358.68
42804VBC4 HERTZ 4.00000 06/30/2028 US 635,641.32 $635,641.32
428102AE7 HESS MIDSTREAM OPERATION 4.25000 02/15/2030 US 3,750,000 $3,721,875.00
44963HAB1 IHS HOLDING LTD 6.25000 11/29/2028 KY 3,750,000 $3,796,875.00
44988FAD2 IIP OPERATING PARTNER 5.50000 05/25/2026 US 4,455,000 $4,718,489.86
45174AAA0 IEA ENERGY SERVICES LLC 6.62500 08/15/2029 US 5,000,000 $4,938,750.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 3,479,000 $3,583,370.00
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 2,230,000 $2,363,800.00
505742AM8 LONDON CAP FIN 4.25000 02/01/2027 US 3,500,000 $3,522,855.00
521088AC8 LD HOLDINGS GROUP 6.12500 04/01/2028 US 2,500,000 $2,356,250.00
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 3,950,000 $3,996,215.00
55616XAM9 MACY'S RETAIL HLDGS LLC 4.50000 12/15/2034 US 3,600,000 $3,555,000.00
59567LAA2 MIDCAP FINANCIAL ISSR TR 6.50000 05/01/2028 US 3,750,000 $3,909,375.00
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 3,500,000 $3,272,500.00
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 2,325,000 $2,557,500.00
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 3,787,000 $3,824,870.00
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 6,535,000 $65.35
69354NAD8 PRA GROUP 5.00000 10/01/2029 US 3,750,000 $3,759,375.00
70615PAA2 PELORUS FUND REIT 7.00000 09/30/2026 US 2,750,000 $2,705,892.34
70789PAA2 PENN VIRGINIA ESC LLC 9.25000 08/15/2026 US 3,060,000 $3,174,749.97
716473AE3 PETROFAC LTD 9.75000 11/15/2026 JE 3,905,000 $3,983,959.10
727493AC2 PLANTRONICS INC 4.75000 03/01/2029 US 3,720,000 $3,547,950.00
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 3,200,000 $3,405,760.00
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 4,830,000 $5,185,826.10
75079MAA7 RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 3,750,000 $3,862,500.00
78442FAZ1 SLM CORP 5.62500 08/01/2033 US 2,500,000 $2,381,250.00
78442PGE0 SLM CORP 3.12500 11/02/2026 US 3,750,000 $3,712,500.00
82967NBJ6 SIRIUS XM RADIO INC 4.00000 07/15/2028 US 3,500,000 $3,519,565.00
86745GAF0 SUNNOVA ENERGY CORP 5.87500 09/01/2026 US 3,500,000 $3,569,999.97
87157B301 SYNCHRONOSS TECH US 104,700 $2,487,672.00
87356LAA8 TACORA RESOURCES INC 8.25000 05/15/2026 CA 4,260,000 $4,238,700.00
88167AAN1 TEVA PHARMACEUTICALS 7.12500 01/31/2025 NL 3,500,000 $3,745,000.00
90932KAA7 UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 3,701,647.84 $3,666,263.42
90932NAA1 UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 1,434,396.41 $1,455,159.16
913229AA8 UNITED WHOLESALE MTGE LL 5.50000 04/15/2029 US 2,500,000 $2,453,125.00
92840VAH5 VISTRA OPERATIONS CO LLC 4.37500 05/01/2029 US 3,711,000 $3,717,048.93
93627CAB7 WARRIOR MET COAL INC 7.87500 12/01/2028 US 3,810,000 $3,905,250.00
958278AA1 WESTERN GLOBAL AIRLINES 10.37500 08/15/2025 US 3,500,000 $3,893,750.00
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 5,605,000 $5,637,695.65
BL3427798 TUTOR PERINI FLT 5.75000 08/18/2027 US 3,877,756.46 $3,877,756.46
BL3556133 JAZZ TL B 1L 4.00000 05/05/2028 LU 2,493,750 $2,501,705.06
BL3665124 MEDLINE 3.75000 10/21/2028 US 3,500,000 $3,498,460.00
BN6725160 SEASPAN CORP 6.50000 02/05/2024 MH 3,600,000 $3,762,000.00
BN7860420 PETROTAL CORP 12.00000 02/16/2024 CA 3,580,000 $3,741,100.00
BO4553299 TIGER HOLDCO PTE LTD 13.00000 06/10/2023 SG 50,944 $51,453.44
BO8204600 COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 4,116,000 $4,306,570.80
BP3061408 AIRSWIFT GLOBAL AS FLT 8.65438 05/12/2025 NO 3,500,000 $3,552,500.00
BQ0584657 JERVOIS MINING LTD 12.50000 07/20/2026 AU 3,000,000 $3,170,460.00
BQ1125120 KENT GLOBAL PLC 10.00000 06/28/2026 GB 3,420,000 $3,397,941.00
BQ5523163 PING PETROLEUM UK 12.00000 07/29/2024 GB 2,000,000 $1,980,000.00
BR8705906 TIDEWATER INC 8.50000 11/16/2026 US 3,600,000 $3,600,000.00
BS9763829 PEMBROKE OLIVE DOWNS 10.00000 12/21/2028 AU 2,600,000 $2,522,000.00
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 3,200,000 $3,344,000.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 4,053,000 $4,154,325.00

Investments will change over time.

Distributions

  • High Yield Bond Series Class S Distribution History
  • 2021 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2021 Distributions
  • Second Quarter 2021 Distributions
  • First Quarter 2021 Distributions
  • Tax Letter
  • High Yield Bond Return of Capital 2017

A Word About Risk

All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.


Loading...