Signon to Passport
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Richard J. Inzunza With Northern Trust since 2007 |
Fact Sheet 
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If you are an aggressive investor seeking high current income and the potential for capital appreciation for a portion of your assets, you may find this Fund provides an attractive complement to a well-diversified portfolio. This Fund is a good choice for long-term investors willing to assume the additional risks associated with investing in high yield securities including above-average share price fluctuations. Our knowledgeable investment team focuses primarily on high-yielding, lower-rated corporate bonds (those rated BB or below; these are commonly referred to as "non-investment grade" or "junk bonds"). We believe these securities offer the opportunity for higher income and greater total return potential than is generally available from high-quality, investment-grade securities.
Fund Objective: High Current Income
Fund Objective: High Current Income
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Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.
The Advisor has agreed to reimburse certain expenses of the Fund. The contractual reimbursement arrangement is expected to continue until at least July 31, 2011. After this date, the contractual arrangements may be terminated if it is determined to be in the best interest of the Fund and its shareholders. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions. The 30-day SEC yield more closely reflects the current earnings of the Fund than the total returns.
Disclosure
The Advisor has agreed to reimburse certain expenses of the Fund. The contractual reimbursement arrangement is expected to continue until at least July 31, 2011. After this date, the contractual arrangements may be terminated if it is determined to be in the best interest of the Fund and its shareholders. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions. The 30-day SEC yield more closely reflects the current earnings of the Fund than the total returns.
Disclosure
| Gross Expense Ratio | Net Expense Ratio* | |
| High Yield Fixed Income (NHFIX) | 0.99% | 0.89% |
| *Includes contractual expense reimbursements that, if not extended, will end on July 31, 2011. | ||
| 2009 | 2008 | 2007 | 2006 | 2005 | |
| High Yield Fixed Income | 33.48% | -19.29% | 1.35% | 10.08% | 1.77% |
| Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index | 58.76% | -25.88% | 2.26% | 10.76% | 2.76% |
| Morningstar Category Avg. High Yield Bond | 46.70% | -26.41% | 1.47% | 10.14% | 2.59% |
| Performance quoted represents past performance and does not guarantee future results. | |||||
| Number of Holdings | 162 |
| Average Duration† | 4.7 YRS |
| Average Maturity | 10.4 YRS |
| Weighted Average Coupon | 8.60% |
| Income** | $0.0501 |
| Dividend Schedule | Monthly |
| Dividend Income Last Quarter | $0.1465 |
| Capital Gain Income Last Quarter | N/A |
| Benchmark | Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index |
| Morningstar Category | High Yield Bond |
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