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Lipper
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Zacks Investment Research
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Standard & Poor's
1 / 5 Stars
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TheStreet.com
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U.S. News evaluated 166 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
See all Avenue Capital Group funds
Performance
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 7.4% |
| 1 Year | N/A |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
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 1.50 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
