Total returns on $10,000
Objective
The investment seeks to maximize total return consisting of interest income and capital appreciation.
The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds of U.S. issuers that are, at the time of investment, below investment grade (sometimes referred to as "junk bonds" or high yield securities). It may invest in both U.S. and foreign companies that issue U.S. dollar denominated debt securities. The fund may invest up to 20% of its net assets in debt securities denominated in foreign currency, including emerging market countries. It may invest in securities of any maturity.
Profile
| Fund type | Open Ended Investment Company |
|---|---|
| Investment style (bonds) | Credit Quality: Low Interest-Rate Sensitivity: Mod |
| Morningstar category | High Yield Bond |
| Launch date | 29/02/2012 |
| Price currency | USD |
| Domicile | United States |
| Symbol | AUYSX |
| Manager & start date | Neal Rayner 29/02/2012 Keith Bachman 29/02/2012 Edward Grant 29/02/2012 Brendan Dillon 29/02/2012 |
Investment
| Pricing frequency | Daily |
|---|---|
| Total net assets | 11.49k USDAs of Apr 30 2013 |
| Net expense ratio | 0.80% |
| Front end load | -- |
| Deferred load | -- |
| Redemption fee | 2.00% |
| Min. initial investment | 1,000,000 USD |
| Min. additional investment | -- |
| Initial IRA | -- |
| Additional IRA | -- |
| Available for sale | United States |
Diversification
Asset type
Bond | 93.21% |
|---|---|
Cash | 5.30% |
Other | 1.48% |
US stock | 0.00% |
Non-US stock | 0.00% |
Top 5 sectors
Corporate Bond | 92.44% |
|---|---|
Cash & Equivalents | 5.30% |
Convertible | 1.48% |
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Arch Coal 7.25% | -- | 3.37% | |
| Forbes Engy Svcs 9% | -- | 2.05% | |
| Westmoreland Coal 10.75% | -- | 1.99% | |
| Alpha Nat Resources 6.25% | -- | 1.95% | |
| Marina District Fin 9.875% | -- | 1.94% |