Fund Documents

The Barclays Capital U.S. Aggregate Bond Index represents securities that are U.S. domestic, taxable and dollar denominated. The index covers components for government and corporate securities, mortgage pass-through securities and asset-backed securities. Please note that an investor cannot invest directly in an index.

1 Includes fees waived and expenses reimbursed

2 Excludes fees waived and expenses reimbursed

Performance data quoted represents past performance and is not a guarantee of future results. The data assumes reinvestment of all distributions at net asset value. Maximum sales charge (Class A): 3.75%. The Funds daily net asset value is not guaranteed and shares are not insured by the FDIC, the Federal Reserve Board or any other agency. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be higher or lower than the original cost. Current performance may be higher or lower than that shown.  

$10,000 initial investment in Class A from Fund inception through the report date, with all income dividends and capital gains reinvested.  Includes a maximum 5.75% sales charge. This chart is hypothetical and is for illustrative purposes only.

Senior floating rate funds are not money market funds; their NAVs will fluctuate and may lose value. Investment in these loans involves certain risks, including among others: risks of nonpayment of principal and interest; collateral impairment; non-diversification and borrower industry concentration; and lack of full liquidity. High yield debt instruments carry a greater default risk and may be more volatile, less liquid, more difficult to value and more susceptible to adverse economic conditions or investor perceptions than other debt instruments.

There is no guarantee a fund will meet its objective.

The style and risk measures illustrated above are broad-based, relative targets for the Fund. There can be no assurances that the Fund exactly exhibits these categorizations at any given time.

Standard Deviation is a measure of the volatility that an investment experiences over time. The higher the standard deviation, the greater the performance swings of the investment. The Sharpe Ratio uses a funds standard deviation and its excess return (the difference between the funds return and the risk-free return of 90-day Treasury Bills) to determine reward per unit of risk. Beta is a measure of a funds sensitivity to market movements. A portfolio with a beta greater than 1 is more volatile than the market, and a portfolio with a beta less than 1 is less volatile than the market. R-Squared reflects the percentage of a funds movements that are explained by movements in its benchmark index, showing the degree of correlation between the fund and the benchmark. Alpha is a measure of performance on a risk adjusted basis of a mutual fund and compares its risk adjusted performance to a benchmark index. A positive alpha of 1.0% means the fund has outperformed its benchmark index by 1% and a negative alpha of -1.0% would indicate an underperformance of 1%.

Wellington Management Company, LLP is an independent and unaffiliated investment sub-adviser to SunAmerica.

Investors should carefully consider the investment objectives, risks, charges, and expenses of any mutual fund before investing. This and other important information is contained in the prospectus, which can be obtained from your financial advisor or from the SunAmerica Sales Desk at 800-858-8850, ext. 6003. Read the prospectus carefully before investing.

Funds distributed by AIG Capital Services, Inc.   Harborside Financial Center, 3200 Plaza 5, Jersey City, NJ 07311, 800-858-8850, ext. 6003.