Multi-Sector Income Fund – ERC

Inception date 6-25-03

Management Phil Susser & Niklas Nordenfelt
Tony Norris, Peter Wilson, Michael Lee,
Alex Perrin & Christopher Wightman
Ashok Bhatia & Christopher Kauffman
Noah Wise

The fund seeks to provide a high level of current income consistent with limiting its overall exposure to domestic interest-rate risk.

Management philosophy
The fund invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.

Share price 04-29-16 $13.82

Distribution rate1 (at NAV) 04-29-16 8.51%

Distribution rate1 (at market) 04-29-16 9.37%

SEC yield2 as of 04-28-16 7.83%

Assets as of 3-31-16 $565,006,565.51

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 0.09670

November 11-18-15 12-11-15 12-15-15 01-04-16 0.09670

October 10-30-15 11-12-15 11-16-15 12-01-15 0.09670

September 09-25-15 10-13-15 10-15-15 11-02-15 0.09670

August 08-12-15 09-11-15 09-15-15 10-01-15 0.09670

July 07-31-15 08-13-15 08-17-15 09-01-15 0.09670

June 06-26-15 07-13-15 07-15-15 08-03-15 0.09670

May 05-20-15 06-11-15 06-15-15 07-01-15 0.09670

April 04-24-15 05-11-15 05-13-15 06-01-15 0.09670

March 03-27-15 04-13-15 04-15-15 05-01-15 0.09670

February 02-19-15 03-12-15

January 01-30-15 02-11-15 02-13-15 03-02-15 0.09670

December 12-26-14 01-12-15 01-14-15 02-02-15 0.09670

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