SANDY RUFENACHT, an 18-year industry veteran, is Three Peaks Capital Management, LLC's (the Fund's Sub-Adviser) Founder, Chief Executive Officer and Chief Investment Officer. Previously, Mr. Rufenacht was Executive Vice President and Portfolio Manager of Janus High-Yield Fund from January, 1996 until June, 2003. With the support and resources of a dedicated team of experienced high yield specialists, Three Peaks Capital Management, LLC also manages assets for institutions and high net worth individuals.