Summit High Yield Bond A
312 Walnut Street Suite 2500 Cincinnati OH 45202
Map
Phone: 888-259-7565
| Category: | High Yield Bond | | Fund Family: | Summit Mutual Funds | | Net Assets: | 320.00K | | Year-to-Date Return: | -22.21% | | Yield: | 8.93% | | Morningstar Rating: | N/A | | Fund Inception Date: | 01-Feb-07 |
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Gary R. Rodmaker
Lead Manager since
09-Jul-01 | | | Rodmaker is managing director and portfolio manager with Summit Investment Partners, his employer since 1989. Prior to joining the firm, he served as a financial analyst with Ohio Casualty from 1986 to 1989. Rodmaker holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $2,000 | | Min Initial Investment, IRA: | $500 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks high current income, capital appreciation is secondary. The fund normally invest at least 80% of assets in high yield, high risk bonds. It identifies high yield bonds of companies that have the ability to make timely payments of principal and interest. Using fundamental credit analysis of companies, the fund seeks to invest in companies whose financial condition gives them greater value relative to other companies in the high yield market, providing the further potential for capital appreciation. The fund is nondiversified. |
| Last Dividend
(18-Aug-08):
| 0.38 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 97.00% | | Average for Category:
| 112.47% |
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| Expense | SFHIX | Category
Avg | | Total Expense Ratio: | 1.54%
| 1.22% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 4.25%
| 4.41% | | Max Deferred Sales Load: | 0.00%
| 2.70% | | 3 Yr Expense Projection*: |
$463 | $567 | | 5 Yr Expense Projection*: |
$799 | $865 | | 10 Yr Expense Projection*: |
$1,744 | $1,711 |
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