J.P. Morgan Private Bank

8044 Montgomery Road
Cincinnati OH 45236
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Pacholder High Yield Fund is a closed-end management investment company that offers investment options in fixed-income securities of domestic companies. The fund invests in the industrial, consumer and telecommunication sectors. Pacholder High Yield Fund s portfolio includes Golden State Foods Corporation, NRG Energy, Intelsat Subsidiary Holding Company, Polypore and Capline Corporation. The fund offers a range of portfolio and asset management services. Pacholder High Yield Fund also provides a variety of investment advisory and counseling solutions.