Fund Description

Incepted in August 1987, the fund is managed by Advantus Capital Management. The Advantus Bond Fund, Class A seeks a high level of current income consistent with prudent investment risk. The fund invests primarily in investment-grade debt securities. These debt securities include, among other things, corporate and mortgage-backed securities, debt securities issued or guaranteed by the U.S. government or any of its agencies or instrumentalities, asset- backed securities and other debt obligations of U.S. banks or savings and loan associations. In selecting securities, the fund's investment adviser considers factors such as industry outlook, current and anticipated market and economic conditions, general levels of debt prices and issuer operations. It is the fund's policy to invest, under normal circumstances, at least 80 percent of the value of its net assets in bonds (for this purpose, 'bonds' includes any debt security) Dividends are declared daily, except the dividends for Saturdays, Sundays and holidays are declared on the next business day and paid monthly. Net capital gains, distributions are generally paid once a year.