As of 08-31-2018

Highlights

  • Pursues a high level of current income.
  • Invests in below-investment-grade securities, providing exposure to the higher-yielding, lower-rated, corporate bond market.
  • Offers the potential for attractive relative total returns in economic recoveries through ratings upgrades or improved performance of issuers.
  • Provides portfolio diversification; historically, high-yield bond performance has not been correlated to other types of bonds.
  • Features a track record of more than 30 years; consistent management since inception.

Key Investment Team


Facts

Symbol   FHYLX
Fund Number(s)   430
Newspaper Listing   HiYldL
CUSIP   314197807
Benchmark   Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Performance Inception Date   08-23-1984
Fiscal Year-End   2-29

Morningstar Category & Style

disclosures »
Category High Yield Bond
Style