Income Opportunities Fund – EAD

Inception date 2-26-03

Management Philip Susser
Niklas Nordenfelt

The fund seeks a high level of current income. As a secondary objective, the fund may also seek capital appreciation consistent with its investment objective.

Management philosophy
The fund will invest at least 80% of its assets in below investment-grade (high yield) debt securities, loans and preferred stocks, under normal market conditions. These securities are rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group, or are unrated securities of comparable quality as determined by the fund's investment advisor.

Share price 04-28-16 $8.57

Distribution rates1 (at NAV) 04-28-16 9.65%

Distribution rates1 (at market) 04-28-16 10.61%

SEC yield2 as of 04-27-16 8.96%

Assets as of 3-31-16 $585,878,580.83

More information

  • Download the fact sheet.
  • View the fund holdings.
  • View Section 16—beneficial ownership reports.

Dividend information

Month Declaration date Ex-date Record date Payable date Dividend rate/share
January 01-04-16 01-14-16 01-19-16 02-01-16 0.06800

November 11-18-15 12-11-15 12-15-15 01-04-16 0.06800

October 10-30-15 11-12-15 11-16-15 12-01-15 0.06800

September 09-25-15 10-13-15 10-15-15 11-02-15 0.06800

August 08-12-15 09-11-15 09-15-15 10-01-15 0.06800

July 07-31-15 08-13-15 08-17-15 09-01-15 0.06800

June 06-26-15 07-13-15 07-15-15 08-03-15 0.06800

May 05-20-15 06-11-15 06-15-15 07-01-15 0.06800

April 04-24-15 05-11-15 05-13-15 06-01-15 0.06800

March 03-27-15 04-13-15 04-15-15 05-01-15 0.06800

February 02-19-15 03-12-15

January 01-30-15 02-11-15 02-13-15 03-02-15 0.06800

December 12-26-14 01-12-15 01-14-15 02-02-15 0.06800

Figures quoted represent past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available by calling 1-800-343-2898. Performance figures of the fund do not reflect fees charged pursuant to the terms of any brokerage account agreements. If sales charges had been reflected, performance would have been lower.

1. The quoted distribution rate is a figure that uses the fund's previous distribution to calculate an annualized figure. The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price. Special distributions, including special capital gains distributions, are not included in the calculation.

2. The 30-day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on an estimated yield to maturity (assuming all portfolio securities are held to maturity) and is intended to reflect a fund’s hypothetical annualized income, as a percentage of its assets. A fund's actual distribution rate will differ from the SEC yield and any income distributions from the fund may be higher or lower than implied by the SEC yield. The 30-day SEC yield is calculated as of the most recent month-end.

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value