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Helios Select Short Term Bond Fund (NYSE: MSBIX)
Objective & Strategy | Investment Risks | Fund Facts | Press Releases | Additional
Information |
Sales Loads and Breakpoints
Objective and Strategy
Helios Select Short Term Bond Fund (formerly, Regions Morgan Keegan Select Short Term Bond Fund) seeks a high level of current income consistent with preservation of capital. The Fund invests primarily in investment grade debt securities. Investment grade debt securities purchased by the Fund will be rated, at the time of investment, Baa3 or higher by Moody's Investors Services, Inc., BBB- or higher by Standard & Poor's, a division of The McGraw-Hill Companies, Inc., within one of the four highest ratings classes by another nationally recognized statistical rating organization or, if unrated, determined by the Fund's investment adviser to be of comparable quality. The types of securities that the Fund may purchase include bonds of U.S. corporate and governmental issuers, U.S. dollar-denominated bonds of foreign issuers, mortgage-backed and asset-backed securities, and preferred stock. The Fund may also invest in collateralized mortgage obligations, repurchase agreements, adjustable rate securities and payable in-kind bonds. The Fund will normally maintain a dollar-weighted average portfolio maturity of three years or less, but may purchase individual securities with longer maturities.
Investment Risks
Investors in any bond fund should anticipate fluctuations in price. Bond prices and the value of bond funds decline as interest rates rise. Bonds with longer-term maturities generally are more vulnerable to interest rate risk than bonds with shorter-term maturities. The Fund's investments in mortgage-backed or asset-backed securities that are "subordinated" to other interests in the same pool may increase credit risk to the extent that the Fund, as holder of those securities may only receive payments after the pool's obligations to other investors have been satisfied. Below investment grade bonds are also subject to greater price volatility and are less liquid, especially during periods of economic uncertainty or change, than higher-rated debt securities.
Shares of Helios Short Term Bond Fund, like shares of all mutual funds, are not bank deposits or obligations, are not guaranteed by any bank, and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other government agency. Investment in mutual funds involves investment risks, including possible loss of principal.
An investor should consider each fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about each fund can be found in the funds' prospectus. To obtain a prospectus for Helios Select Short Term Bond Fund, Helios Select Intermediate Bond Fund, or Helios Select High Income Fund, call (toll-free) 1-800-HYPERION.
Fund Facts
| Share Class |
Ticker Symbol |
CUSIP |
Commencement of Operation |
| Class A Shares |
MSBIX |
42328C 70 4 |
3/8/01 |
| Class C Shares |
RSTCX |
42328C 80 3 |
11/4/05 |
| Class I Shares |
MSTBX |
42328C 88 6 |
1/5/01 |
Dividends Paid: Monthly
Capital Gains Paid: December
Press Releases
To view fund-related press releases, please click here.
Additional Information
Sales Loads and Breakpoints
Shareholder Fees
Fees Paid Directly From Your Investment |
Class A |
Class C |
Class I |
| Maximum Sales Charge (Load) (as a percentage of offering price) |
1.50% |
None |
None |
| Maximum Deferred Sales Charge (Load) |
None |
1.00% |
None |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions |
None |
None |
None |
| Redemption Fee (as a percentage of amount redeemed) |
None |
None |
None |
| Exchange Fee |
None |
None |
None |
Class A Shares of Helios Select Short Term Bond Fund are sold at NAV plus a front end sales charge as listed below:
| Amount of Transaction |
Sales Charge as a %
of Offering Price |
| Up to $49,999 |
1.50% |
| $50,000 to $99,999 |
1.25% |
| $100,000 to $249,999 |
1.00% |
| $250,000 to $499,999 |
0.75% |
| $500,000 to $999,999 |
0.50% |
| $1 million or more* |
NAV |
| |
|
| * On purchases of $1 million or more, a contingent deferred sales charge (CDSC) of 1.00% of the redemption amount will apply to Class A Shares redeemed within 12 months of the purchase date. |
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To purchase shares, contact your Morgan Keegan financial advisor or call the Morgan Keegan Financial Services Center toll-free at 1-800-222-8866. Fund shares may not be held in, or transferred to, an account with any firm other than Morgan Keegan, Regions Morgan Keegan Trust or an Authorized Dealer.
Please read the prospectus carefully before investing.
*The foregoing information is provided by a third party service provider. Although such information is believed to be reliable, it may be subject to change. An investor or financial intermediary should not rely on this information as their sole source in determining whether to buy, sell or process trading activity in shares of a fund.
Hyperion Brookfield Asset Management, Inc. expressly disclaims all liability for errors and omissions in these materials and for the use or interpretation by others of information contained on the site.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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