1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
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.
The fund has returned 6.71 percent over the past year, and 6.94 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||5.4%|
|3 Years (Annualized)||6.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide a high level of current income with capital appreciation as a secondary objective. The fund invests in a non-diversified group of low-quality, high yield corporate bonds, convertible securities and asset-backed securities. It may invest without limitation in non-investment grade corporate bonds rated Baa or lower. The fund may also invest in corporate issues that have defaulted. While there are no restrictions on maturity, the bonds in the fund's portfolio will generally have an average maturity of less than ten years. The fund is non-diversified.
Fees are High compared to funds in the same category.
Catalyst/SMH High Income Fund has an expense ratio of 2.20 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.