AIG Flexible Credit Fund

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

Put the Leveraged Finance Expertise of Newfleet Asset Management to Work for You

The AIG Flexible Credit Fund is managed by a talented team of investment professionals from Newfleet Asset Management: David L. Albrycht, CFA, President and Chief Investment Officer; Frank Ossino, Senior Managing Director; William Eastwood, CFA, Head of Trading and Eric Hess, CFA, Head of High Yield. The members of the team have an average of 25 years experience in the industry overall and an average of 10 years of leveraged finance market experience.

Newfleet’s investment philosophy emphasizes credit and value analysis to develop an actively managed, diversified portfolio that offers the potential for a high level of total return.

Meet the Experienced Management Team

Combine High-Yield Bonds and Floating Rate Loans to Generate Income and Growth Opportunities. 

Contact your financial advisor for details.

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.