| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 8.20 | -0.01 (-0.12%) | 7.52 - 8.23 | 0.0 |
Market data as of 6:25PM 05/22/13. Quotes are delayed by at least 15 min.
The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities (commonly referred to as "high yield" or "junk" bonds), including corporate debt securities and convertible securities. It may invest up to 20% of its net assets in foreign (including emerging market) securities that primarily are traded outside of the U.S. In addition, the fund may invest up to 20% of its net assets in municipal securities.
| Total Return | 7.47% |
|---|---|
| Yield (Trailing 12 Mo.) | 6.71% |
| Expense Ratio | 0.78% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $1,000,000 |
| Management Tenure | 14 Years |
| Fund Inception | 05/03/1999 |
| Timeframe | LAHYX | S&P 500 | High Yield Bond |
|---|---|---|---|
| 1 Month | 1.79% | 1.93% | 1.71% |
| 3 Month | 3.69% | 7.18% | 3.15% |
| Year-to-Date | 5.87% | 12.74% | 4.55% |
| 1 Year | 14.99% | 16.89% | 12.81% |
| 3 Year | 10.85% | 12.80% | 9.81% |
| 5 Year | 10.90% | 5.21% | 8.94% |
| 10 Year | 9.25% | 7.88% | 8.24% |
| Since Inception | 7.47% | 10.38% | -- |
| Basic Materials | 19.23% | |
|---|---|---|
| Consumer Cyclical | 31.75% | |
| Financial Services | 14.10% | |
| Real Estate | 0.00% | |
| Consumer Defensive | 0.00% | |
| Healthcare | 0.00% | |
| Utilities | 0.00% | |
| Communication Services | 0.00% | |
| Energy | 13.79% | |
| Industrials | 11.48% | |
| Technology | 9.65% |
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | 0.00 | 2.19 | 2.19 | ||
| Bond | 0.00 | 69.67 | 69.67 | ||
| Other | 0.00 | 7.43 | 7.43 | ||
| Foreign Stock | 0.00 | 0.00 | 0.00 | ||
| Foreign Bond | 0.00 | 19.60 | 19.60 | ||
| Total | 0.00 | 98.89 | 98.89 | ||
| Cash | 1.82 | 1.43 | -0.38 | ||
| Total Net Assets | $2.58B |
|---|---|
| Total Stock Holdings | 18 |
| Total Bond Holdings | 423 |
| Company | YTD Return | % of Assets |
|---|---|---|
| Alliance Data Sys 144A 6.375% | -- | 0.80% |
| Amc Networks 7.75% | -- | 0.73% |
| First Data 12.625% | -- | 0.73% |
| Meg Engy 144A 6.5% | -- | 0.57% |
| Lbg Cap 1 8% | -- | 0.56% |
| Delphi 5% | -- | 0.56% |
| Elizabeth Arden 7.375% | -- | 0.55% |
| Sprint Nextel 144A 9% | -- | 0.54% |
| Matterhorn Midco 7.75% | -- | 0.53% |
| Roc Fin Llc / Roc Fin 144A 12.125% | -- | 0.51% |
| Valuation | LAHYX | Category Range |
|---|---|---|
| Price/Earnings | 21.87 | |
| Price/Book | 4.48 | |
| Price/Sales | 1.74 | |
| Price/Cash Flow | 14.02 | |
| Dividend Yield | 0.52 | |
| LT Earnings | 17.25 | |
| Historical Earnings | ||
| Sales Growth | -5.43 | |
| Cash-Flow Growth | 28.23 | |
| Book-Value Growth | 13.51 |
| Management Style | |||
|---|---|---|---|
| Large Cap | |||
| Medium Cap | |||
| Small Cap | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Avg | |
| Return | Above Avg |
| Pretax Return | 10.85% |
|---|---|
| Tax-adjusted Return | 7.63% |
| Tax Cost Ratio | 2.91% |
| Potential Cap Gains | 7.00% |
