Fund Description

The fund was incepted in January 1997 and is managed by the AAL Mutual Funds. This fund seeks high current income, and secondarily capital growth by investing primarily in a diversified portfolio of high-risk, high-yield bonds commonly referred to as 'junk bonds.' The fund actively seeks to achieve the secondary objective of capital growth to the extent it is consistent with the primary objective of high current income. The fund, under normal circumstances, invests at least 65 percent of its total assets in a diversified portfolio of high yield bonds. The fund invests the remaining 35 percent of the fund's total assets in any combination of additional high-yield bonds, investment grade bonds, common and preferred stocks (including structured preferred stocks), and securities issued or guaranteed by the U.S. government, its agencies or instrumentality's ('U.S government obligations'). Dividends, if any, are distributed monthly. Capital gains, if any, are distributed annually.