AIG Flexible Credit Fund

Class A: SHNAX • Class C: SHNCX • Class W: SHNWX

Meet the Experienced Management Team

The AIG Flexible Credit Fund is managed by an experienced portfolio management team at Newfleet Asset Management led by David L. Albrycht, CFA. Newfleet has been recognized as:

  • A respected money manager with extensive experience in the leveraged finance market
  • A fixed income specialist committed to value-driven, research-intensive security selection combined with disciplined risk management
  • A regular contributor to numerous media and industry publications, including CNBC, Bloomberg Television, Barron’s, The Wall Street Journal, Business Week, Dow Jones, and InvestmentNews


David L. Albrycht, CFA

President and Chief Investment Officer

Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He holds the Chartered Financial Analyst designation. He has been working in the investment industry since 1985.


Frank Ossino

Senior Managing Director and Senior Portfolio Manager

Mr. Ossino earned his M.S. in international economics and finance from Brandeis University and Luigi Bocconi University in Milan, Italy and a B.S. in economics, cum laude, from Brandeis University. He began his career in the investment industry in 1996.


William Eastwood, CFA

Senior Managing Director, Portfolio Manager and Head of Trading

Mr. Eastwood earned a B.S. in finance from Post University and an M.B.A. from the University of Hartford. He is a Chartered Financial Analyst charterholder. He began his career in the investment industry in 1995.


Eric Hess, CFA

Managing Director, Portfolio Manager and High Yield Sector Head

Mr. Hess earned a B.B.A. in finance from the University of Notre Dame, and he is a Chartered Financial Analyst charterholder. He began his career in the investment industry in 2006.

Effective October 1, 2014, the name of the SunAmerica High Yield Bond Fund was changed to the SunAmerica Flexible Credit Fund and certain corresponding changes were made to the Fund's investment strategy and techniques. Prior to this date, the Fund was managed as a high-yield bond fund.

Interest rates and bond prices typically move inversely to each other. As interest rates rise, credit instruments typically fall, and as interest rates fall, credit instruments typically rise. Longer term and lower coupon bonds tend to be more sensitive to interest rate changes. Investments in loans and other floating-rate securities reduce interest rate risk. While interest rates on loans adjust periodically, these rates may not correlate to prevailing interest rates during the periods between rate adjustments. The Fund may be subject to a greater risk of rising interest rates due to the current period of historically low rates and the effect of potential government fiscal policy initiatives and resulting market reaction to those initiatives.

Investment in floating rate 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. Investments in non-investment-grade debt securities (“high-yield” or “junk” bonds) tend to have lower interest rate risk but may be subject to greater market fluctuations and risk of default or loss of income and principal than securities in higher rating categories. High yield debt instruments carry a greater default risk, may be more volatile, less liquid, more difficult to value and more susceptible to adverse economic conditions or investor perceptions than other debt instruments.