Strategy Attributes
- The Fund may invest in a diversified portfolio of investment grade and high yield U.S. and foreign securities.
- Investments are based upon detailed analysis of market, economic, political and other factors that provide the potential for high income or capital appreciation.
- Specific investments are identified by assessing factors such as yield, potential for appreciation, credit quality, maturity, and degree of risk.
- Our deep and experienced research team consists of 36 seasoned investment professionals, including portfolio managers, traders, credit analysts, and quantitative risk-management specialists.
Investment Objective
A high level of current income. Capital appreciation is a secondary objective.
Style:
Medium Quality, Intermediate Duration
Fund Facts
(Class A)| Inception | 12/31/09 |
| AUM (as of 12/31/11) | $82,694,778 |
| Ticker | RSIAX |
| CUSIP | 74972H275 |
| Minimum Investment | $2,500 |
| Minimum Investment in IRA | $1,000 |
| Minimum Subsequent Investment | $100 |
| Maximum Sales Load | 3.75% |
| Management Fees* | 0.60% |
| Distribution (12b-1) Fees* | 0.25% |
| Other Expenses*1 | 0.35% |
| Total Annual Fund Operating Expenses*2 | 1.20% |
| Fee Waiver/Expense Limitation*2 | -0.55% |
| Net Expenses*2 | 0.65% |
| * As reported in the May 1, 2011 Prospectus. | |
1 "Other Expenses" exclude non-recurring offering costs that were fully amortized in the prior fiscal year
2 RS Investments has contractually agreed through April 30, 2012, to reduce its management fees with respect to Class A shares of the Fund to the extent that Class A's Total Annual Fund Operating Expenses (excluding expenses indirectly incurred by the Fund through investments in pooled investment vehicles, interest, taxes and extraordinary expenses) exceed 0.65%, and to reduce the management fee paid by each of the other classes of the Fund so that each of those classes bears the same level of management fees as Class A shares during the period. The management fee waiver for Class C and Class K shares may be greater or less than the amount shown in the table based on the actual expenses incurred by Class A shares during the period. This management fee waiver will continue through April 30, 2012, and may not be terminated prior to this date without the consent of the Trust's board of trustees.
Total Annual Fund Operating Expenses are based on amounts incurred during the Fund's most recent fiscal year, expressed as a percentage of average net assets during the fiscal year. The decline in the Fund's average net assets over the past year or more due to market volatility and other factors will cause the Fund's expense ratios for the Fund's current fiscal year to be higher than the expense information presented, but not to exceed the expense limitation shown.