7.6 in High Yield Bond
U.S. News evaluated 154 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
| Scorecard | |
|---|---|
| Morningstar | 4 / 5 Stars |
| Lipper | 5 5 2 2 1 |
| Zacks Investment Research | 3 (Hold) |
| Standard & Poor's | 5 / 5 Stars |
| TheStreet.com | B+ (Buy) |
Fund Overview
The investment seeks to maximize total return by investing primarily in fixed income securities rated below investment grade (i.e., "junk bonds"). The fund invests at least 80% of assets in fixed income securities rated below investment grade, including corporate bonds and debentures, convertible securities, preferred securities, zero coupon obligations and debt securities that are issued by U.S. and foreign governments and their agencies. The average maturity of the fund's investments varies, and there is no limit on the maturity or on the credit quality of any security held by the fund.
| Trailing Returns | Updated 03.31.2012 |
|---|---|
| Year to date | 4.7% |
| 1 Year | 6.3% |
| 3 Years (Annualized) | 23.2% |
| 5 Years (Annualized) | 7.3% |
| 10 Years (Annualized) | 8.1% |
Performance
The fund has returned 6.29 percent over the past year, 23.20 percent over the past three years, 7.31 percent over the past five years, and 8.09 percent over the past decade.
Hypothetical Growth of $10,000
Updated 03.31.2012
Holdings
Asset Allocation
| % Long | % Short | % Net | |
|---|---|---|---|
| Cash | 11.86 | 0.41 | 11.45 |
| Stocks | 0.01 | 0.0 | 0.01 |
| Bonds | 80.97 | 0.0 | 80.97 |
| Other | 0.18 | 0.0 | 0.18 |
| Foreign Bonds | 7.33 | 0.0 | 7.33 |
| Foreign Stocks | 0.0 | 0.0 | 0.0 |
| Convertible | 0.06 | 0.0 | 0.06 |
| Preferred | 0.0 | 0.0 | 0.0 |
Updated 09.30.2011
Top Holdings
Performance as of 03.31.2012
Portfolio as of 09.30.2011
| % Net Assets | |
|---|---|
| Fidelity Instl MM Fds Prime MMkt I | 5.53 |
| SEI Daily Income Prime Obligation A | 5.53 |
| Cit Grp 7% | 1.0 |
| Ironshore Hldgs U.S. 144A 8.5% | 0.91 |
| Marquette Transn Co 10.875% | 0.9 |
Fees
CNI Charter High Yield Bond Fund has an expense ratio of 1.10 percent.
