The fund seeks to earn income by primarily focusing on US corporate bonds that are rated BB+ to B- by nationally rated credit agencies at the time of purchase. The fund may continue to hold bonds that have been downgraded from B- and upgraded from BB+ after purchase if deemed beneficial for the overall portfolio. Securities are selected based on a methodical risk/return analysis that hopes to capture long-term returns from the largest issuers of the US high-yield bond market. The fund adviser believes that emphasizing credit fundamentals of the largest high-yield bond issuers in the context of a global macroeconomic environment will add value to the fund’s long-term performance. TUHY is generally a buy-and-hold investment, and is rebalanced on a quarterly basis. The fund may also hold other income-generating securities from US issuers.