The investment seeks high current income with minimal changes in share price.

Discussion in 'Wall St. News' started by seasideheights, Mar 27, 2008.

  1. The investment seeks high current income with minimal changes in share price. The fund primarily invests in investment-grade bonds. It may invest in bonds from diverse market sectors based on changing economic, market, industry and issuer conditions. The fund may invest to 25% of assets in below investment-grade bonds that are rated, at the time of investment, at least B by at least one nationally recognized statistical rating organization (NRSRO) or are the unrated equivalent as determined by the investment adviser. It maintains an average portfolio duration of one year or less.

    http://finance.yahoo.com/q/pr?s=SWYPX


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    http://finance.yahoo.com/q/bc?s=SWYPX&t=5y&l=on&z=m&q=l&c=
     
  2. They ran head on into a short term liquidity issue.