3Q 2019 High Yield Opportunities Fund Investor Call Replay

Matthew Kennedy, CFA®
Senior Portfolio Manager
Head of Corporate Credit

Nichole Hammond, CFA®
Senior Portfolio Manager

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Definitions:

Basis Point (bps): One hundredth of one percent and is used to denote the percentage change in a financial instrument.

Debt/EBITDA Ratio: Measures the amount of income generated and available to cover debt before covering interest, taxes, depreciation and amortization expenses.

S&P 500 Total Return Index: An American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.