Avenue Credit Strategies Fund

U.S. News evaluated 174 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 9.20 percent over the past year.

Trailing Returns Updated 03.31.2014
Year to date 2.8%
1 Year 9.2%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks total return, primarily from capital appreciation, fees and interest income. The fund opportunistically invests in a combination of high yield bonds, senior secured bank loans and distressed debt instruments. It will primarily utilize a fundamental based investment research process that will seek to capitalize on market inefficiencies and reallocate its portfolio to opportunistically emphasize those investments, categories of investments and geographic exposures believed to be best suited to the current investment and interest rate environment and market outlook. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Avenue Credit Strategies Fund has an expense ratio of 1.64 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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