As of 07/31/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 10/01/2014 (updated annually)
|Gross Expense Ratio5||0.76%|
|Net Expense Ratio||0.76%|
|Max Initial Sales Charge||4.25%|
As of 06/30/2015
Strategy, Benefits, Results
Investing in the Fund
All investments involve risks, including possible loss of principal. The risks associated with higher-yielding, lower-rated securities include higher risk of default and loss of principal. Changes in the financial strength of a bond issuer or in a bond’s credit rating may affect its value. In addition, interest rate movements will affect the fund’s share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline. Investment in foreign securities also involves special risks, including currency fluctuations, and political and economic uncertainty. These and other risk considerations are discussed in the fund’s prospectus.
How Financial Advisors Help You
Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.