RS High Yield Fund's Howard Most to retire as portfolio manager

By Toni Weeks

San Luis Obispo, Calif., Feb. 26 - RS Investment Trust announced that Howard G. Most will retire as co-portfolio manager of the RS High Yield Fund, effective March 1, according to a 497 filing with the Securities and Exchange Commission.

Existing co-portfolio managers Kevin Booth and Marc Gross will continue to manage the fund.

The fund seeks current income with capital appreciation as a secondary objective by investing, under normal conditions, at least 80% of its net assets in debt securities and other investments rated below investment grade at the time of purchase.

San Francisco-based RS Investment Management Co. LLC serves as the investment adviser to the fund.

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