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Short Duration High Yield Fund - R6 (JSDRX)

Short Duration High Yield Fund - R6 (JSDRX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
William J. Morgan
William J. Morgan| Managing Director Biography

William J. Morgan, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Bill is the team leader and senior portfolio manager for the High Yield team and is responsible for overseeing high yield, loans and distressed strategies. An employee since 1998, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. Bill holds a B.A. in history from Kenyon College and an M.B.A from Xavier University.

Education
  • B.A., Kenyon College
  • M.B.A., Xavier University
Experience
  • Industry Experience, 32 Years
  • Firm Experience, 30 Years
Other funds managed by William J. Morgan:
Frederick Sabetta
Frederick Sabetta| Managing Director Biography

Frederick A. Sabetta, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Fred is a senior portfolio manager for the High Yield team and is responsible for managing the upper tier and short duration strategies of the group. Prior to joining the firm in 2003, Fred was director, portfolio manager and head of private placements for Deutsche Asset Management and Scudder Kemper Investments, Inc. and vice president, portfolio manager and head of private placements for Aegon USA Investment Management Inc. He holds a B.A. in business administration from Providence College and is a CFA charterholder.

Experience
  • Industry Experience, 31 Years
  • Firm Experience, 11 Years
Other funds managed by Frederick Sabetta:
James P. Shanahan Jr.
James P. Shanahan| Managing Director Biography

James P. Shanahan, Jr., managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Jim is the team leader and senior portfolio manager for the High Yield team and focuses on higher risk credits, including leveraged loans, distressed and special situations investments in high yield mandates. An employee since 1998, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. He graduated from Xavier University and holds a J.D. from the University Of Cincinnati College Of Law.

Education
  • B.A., Xavier University
  • J.D., University of Cincinnati, College of Law
Experience
  • Industry Experience, 28 Years
  • Firm Experience, 28 Years
Other funds managed by James P. Shanahan:

The Fund invests in securities including junk bonds, loans and instruments that are issued by companies that are highly leveraged, less creditworthy or financially distressed. These investments are considered to be speculative and are subject to greater risk of loss, greater sensitivity to interest rate and economic changes, valuation difficulties and potential illiquidity. Such investments are subject to additional risks including, but not limited to, subordination to other creditors, no collateral or limited rights in collateral, lack of a regular trading market, extended settlement periods, liquidity risks, prepayment risks, and lack of publicly available information.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

Under normal circumstances, the Fund invests at least 80% of its assets in high yield securities. However, the Fund may invest up to 100% of its total assets in below investment grade securities or unrated securities that the adviser deems to be of equivalent quality.