The investment seeks to achieve a high level of total return consisting of income and capital appreciation. The fund normally invests at least 80% of its assets in fixed income securities and/or investments that, at the time of purchase, have similar economic characteristics as fixed income securities that are non-investment grade (high yield /junk bond), and are considered by the adviser to have the potential to provide a high level of total return. Up to 20% of the fund's total assets may be invested in other securities, including investment grade securities.