Something wrong here somewhere with the "59% AAA" -the weighted average coupon yield is stated as 8.46%. If all of these numbers are correct and the AAA yields 5%, then the average yield of the other 41% of the portfolio is 13.44%. The last semi-annual report (9/07) shows 3% AAA-rated assets. I couldn't find a recent income or cash flow statement to see what's going on but the 8.46% sounds reasonable, the 13.44% does not, nor does it make sense for a high-yield fund to have 59% in AAA. Somethin' ain't right.