High Yield Fund (HWHIX)
The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.
| Portfolio | BofAML BB-B | |
|---|---|---|
| Yield-to-Worst | 7.4% | 6.2% |
 | ||
| Modified Duration | 4.0 years | 4.0 years |
| ||
| Spread over Treasuries | 641bps | 516bps |
| ||
| Average Coupon Rate | 8.5% | 7.8% |
| ||
| Number of Issuers | 117 | 807 |
| ||
| Portfolio | Coupon Rate |
Maturity Date |
|
|---|---|---|---|
| NRG Energy, Inc. | 1.4 | 7.875% | 05/15/2021 |
| |||
| American Petroleum Tankers LLC | 1.3 | 10.250% | 05/01/2015 |
| |||
| International Lease Finance Corp. | 1.3 | 8.250% | 12/15/2020 |
| |||
| PetroQuest Energy, Inc. | 1.3 | 10.000% | 09/01/2017 |
| |||
| Countrywide Capital V (preferred) | 1.3 | 7.000% | 11/01/2036 |
| |||
| Portfolio | BofAML BB-B | |
|---|---|---|
| Investment Grade | 8.3 | 10.3 |
| ||
| BB | 38.0 | 51.7 |
| ||
| B | 46.5 | 38.0 |
| ||
| CCC+ or lower | 5.5 | 0.0 |
| ||
| Nonrated | 1.7 | 0.0 |
| ||
| Portfolio less BofAML BB-B |
Portfolio | |
|---|---|---|
| United Continental Holdings, Inc. | 1.9 | 2.1 |
| ||
| US Airways Group, Inc. | 1.4 | 1.5 |
| ||
| American Petroleum Tankers LLC | 1.3 | 1.4 |
| ||
| PetroQuest Energy, Inc. | 1.3 | 1.3 |
| ||
| CKE Restaurants, Inc | 1.2 | 1.3 |
| ||
| American International Group, Inc. | 1.2 | 3.2 |
| ||
| Energy Future Holdings Corp. | 1.2 | 1.2 |
| ||
| Momentive Performance Materials, Inc. | 1.1 | 1.1 |
| ||
| PHH Corp. | 1.0 | 1.1 |
| ||
| Building Materials Corp. of America | 1.0 | 1.3 |
| ||
Portfolio
BofAML BB-B
Mutual fund investing involves risk. Principal loss is possible. Diversification does not assure a profit nor protect against loss in a declining market.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid. Investment in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may invest in foreign as well as emerging markets which involve greater volatility and political, economic and currency risks and differences in accounting methods.
Credit Quality weights by rating are derived from the highest bond rating as determined by S&P, Moody's or Fitch. Bond ratings are grades given to bonds that indicate their credit quality as determined by private independent rating services such as Standard & Poor's, Moody's and Fitch. These firms evaluate a bond issuer's financial strength, or its ability to pay a bond's principal and interest in a timely fashion. Ratings are expressed as letters ranging from 'AAA', which is the highest grade, to 'D', which is the lowest grade. In limited situations when none of the three rating agencies have issued a formal rating, the Advisor will classify the security as nonrated.
Holdings are subject to change and are not buy/sell recommendations.
1 % of Total Portfolio includes total investments, cash, and accrued investment income on a trade date basis.
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