Popular High Grade Fixed-Income Fund Class A Shares PHGFX

The investment seeks to provide a high level of current income that is consistent with the preservation of capital. Under normal conditions, at least 90% of the fund’s total assets will be invested in fixed-income securities that are rated, at the time of purchase, within the highest rating category by a nationally recognized rating organization, or, if not rated, are considered by the Adviser to be of comparable credit quality. It may invest up to 10% of its total assets in securities which are rated below investment grade or, if unrated, are considered by the Adviser to be of comparable credit quality. The fund is non-diversified.