Investment Strategy
| A strategy that invests primarily in high yield corporate debt securities selected utilizing a disciplined analytical bottom-up process and a macro-economic strategy to help manage performance in all types of markets. |
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Who should invest
Investors Seeking:
| - To earn regular monthly dividends
- Increased income potential and are willing to accept a greater degree of risk
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A Word On Risk
| An investment in the Fund is subject to certain risks, including Credit risk-the risk that an issuer of a bond will be unable to make interest and principal payments when due. In general, lower rated bonds carry greater credit risk and can be subject to greater price volatility; Interest rate risk--the risk that interest rates will rise, causing bond prices to fall. Foreign and domestic Interest rates may rise or fall by differing amounts and, as a result, the Fund's investment in foreign securities or foreign interest rate swaps may expose the Fund to additional risks; Derivatives risk-the use of which can lead to losses because of adverse movements in the price or value of the underlying asset; and Foreign risk--the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls or differing legal and/or accounting standards. |
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Fund Basics: Shares
Select Share Class:
A | B | C | I | R3
| Fund Symbol | NHYAX |
| Fund Cusip | 67066D887 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 9/02/2010 | $16.98 |
| Latest Monthly Dividend (9/01/2010) | $0.1165 |
| Fund Symbol | NHBYX |
| Fund Cusip | 67066D879 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 9/02/2010 | $16.96 |
| Latest Monthly Dividend (9/01/2010) | $0.1060 |
| Fund Symbol | NHYCX |
| Fund Cusip | 67066D861 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 9/02/2010 | $16.94 |
| Latest Monthly Dividend (9/01/2010) | $0.1055 |
| Fund Symbol | NHYTX |
| Fund Cusip | 67066D796 |
| Inception Date | 8/04/2008 |
| Latest NAV as of 9/02/2010 | $16.96 |
| Latest Monthly Dividend (9/01/2010) | $0.1130 |
| Fund Symbol | NHYRX |
| Fund Cusip | 67066D853 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 9/02/2010 | $16.96 |
| Latest Monthly Dividend (9/01/2010) | $0.1200 |
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Portfolio Manager(s)
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| Andrew J. Stenwall, Chief Investment Officer, leads the funds’ investment team and is responsible for developing and administering the portfolio strategy of the funds. Prior to joining NAM in 2004, Mr. Stenwall was the Fixed Income Chief Investment Officer ("CIO") for Banc of America Capital Management ("BACAP") from 2002 through 2004. Before becoming the Fixed Income CIO for BACAP, Mr. Stenwall was Managing Director of BACAP in charge of taxable fixed income. | | Christian Romon, Ph.D., Managing Director—Credit Portfolio Management, is responsible for managing a team of credit analysts, portfolio managers and traders that manage all investments in investment grade and high yield corporate debt. Prior to joining NAM in 2004, he was the Managing Director in charge of Credit Research and Portfolio Management and the lead high yield portfolio manager for BACAP. | | Wassim Abourjeili, Senior Portfolio Manager—Structured Products, is responsible for managing the asset-backed and mortgage-backed sectors for the funds. Prior to joining NAM in 2004, he held a similar position with BACAP. Previously, he was a senior management consultant in the Strategy Group of Deloitte Consulting, focusing on the financial services sector. | | Emmanuel Labrinos, CFA, Senior Portfolio Manager and Trader, is a member of the Credit Strategies team and is responsible for trading all credit products. He works with credit analysts in structuring credit portfolios which include investment grade and high yield corporate bonds, as well as credit derivatives. Prior to joining NAM in 2005, Mr. Labrinos served in a similar role at BACAP where he was a senior portfolio manager and head credit trader. During his tenure at BACAP from 1997 to 2004, he also managed a commercial mortgage backed portfolio, and was in charge of managing all intermediate and core separate accounts. | | Steven Lee, Portfolio Manager—Global Fixed Income Strategies, is responsible for the funds’ foreign exchange and derivative trading. Prior to joining NAM in 2007, he was a Senior Vice President and Foreign Exchange Trader with HSBC Bank USA. He began his career in 1995 with Deutsche Bank on their Forward Currency desk and also worked as a portfolio manager at Vega Asset Management and Tribeca Global Investments in New York. |
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