Fact Sheets

High Income Bond

FJSIX

Objective

High level of current income.

Fund Facts

318929817
High Yield Bond
High Current Yield
4.25%
$2500
1.16%
1.42%

Daily PriceChange as of 9/3/2010

Nav
Day ($)
Day (%)
YTD (%)
$8.56 +0.02 +0.00 +7.79
Total Net Assets (All Classes)
$414.00 million as of 8/31/2010

Fund Performance

 
Total Returns as of 8/31/2010
Average Annualized Returns as of 6/30/2010
Fund Name
1 mth
3 mth
YTD
1 yr
3 yr
5 yr
10 yr
Since Incept.
Inception Date
NAV 0.18 5.07 7.34 25.47 4.17 5.60 6.09 8/30/2001
POP -4.07 0.58 2.80 20.09 2.67 4.69 5.57 8/30/2001
Barclays Capital High Yield Issuer Capped 2% Index 0.03 4.83 8.15 26.66 6.88 7.22 7.46 -- --

Distinguishing Characteristics

  • Seeks to enhance returns by exploiting tactical and strategic opportunities within the domestic and dollar-denominated foreign high-yield universe, as well as outside the traditional domestic high-yield universe, including emerging market corporates, distressed debt, and preferred and convertible securities.
  • Seeks to generate excess return and minimize risk using security selection and sector rotation.
  • Credit research supports the selection of individual securities, while quantitative modeling provides a layer of analysis and control.

Portfolio Managers

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John T. Fruit , CFA

Senior Fixed-Income Portfolio Manager
  • Began working in the financial industry in 1988
  • B.S. from University of Wisconsin - Madison; CFA Institute member; Chicago Society of Security Analysts member
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Gregory A. Hanson, CFA

Director, Taxable Fixed-Income Credit Research
  • Began working in the financial industry in 1977
  • B.A. from the University of Minnesota and M.B.A. from the University of St. Thomas; CFA Institute member; CFA Society of Minnesota member
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Jeffrey J. Schmitz, CFA

Senior Credit Analyst
  • Began working in the financial industry in 1987
  • M.B.A. in finance from the University of Minnesota Carlson School of Management and member of the CFA Institute, as well as the CFA Society of Minnesota

Net and gross expense ratios are based on the fund's most recent fiscal year end.  The net expense ratio reflects an agreement by the fund's advisor to cap fund expenses, not including the expenses of any other investment companies in which the fund invests ("acquired fund fees and expenses"), at a certain level as set forth in the fund's prospectus.  The advisor's contractual expense cap agreement will be in effect at least through the date listed in the table below, and may not be terminated before then without the approval of the fund's board of directors.  However, because the fund's net expense ratio includes acquired fund fees and expenses, the fund's net expense ratio at any point in time may differ from the ratio presented.

Fee Waivers- contractual agreements in effect by asset category:


Apply to Agreement in effect until

Equity funds:Small Cap Growth Opportunities, Mid Cap Select

February 28, 2011

Equity funds: Quantitative funds

February 28, 2011

Equity funds: Index funds

February 28, 2011

Equity funds: Global Infrastructure, International, International Select

February 28, 2011

Equity funds: Tactical Market Opportunities

February 28, 2011

Taxable Fixed Income funds

October 31, 2010

Tax-Exempt Fixed Income funds

October 31, 2010

Asset Allocation funds

December 31, 2010




 

Performance shown is historical and does not guarantee future results. Current performance may be lower or higher. Because share price, principal value, and return will vary, you may have a gain or loss when you sell fund shares. For current month-end performance information, call 800.677.FUND. Performance assumes the reinvestment of dividends and capital gains.

Net Asset Value(NAV) performance does not reflect the current maximum sales charge(load).  Had the sales charge been included, the fund's returns would have been lower.

Public offering price (POP) returns are based on the price at which shares are offered to the public and reflect the fund's NAV as increased by the maximum sales charge(load) for purchases.
Investment performance reflects fee waivers. Without such waivers, total returns would be reduced.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
The fund invests in lower-rated and non-rated securities, which present a greater risk of loss to principal and interest than higher-rated securities.
Investing in foreign securities, especially in emerging markets, tends to involve greater volatility, political and economic risks, and risks associated with accounting method differences.
Morningstar Category:  Morningstar categories represent a universe of funds with similar investment objectives, and are provided by Morningstar, Inc
Lipper Category: Lipper categories represent a universe of funds with similar investment objectives, and are provided by Lipper, Inc.
Barclays Capital Corporate High Yield 2% Issuer Capped Index:
The unmanaged Barclays Capital Corporate High Yield 2% Issuer Capped Index tracks the performance of U.S. non-investment-grade bonds and limits each issuer to 2% of the index.

You cannot invest directly in an index or average.