4 / 5 Stars
5 5 2 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#6 in High Yield Bond
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 13.25 percent over the past year, 11.08 percent over the past three years, 10.22 percent over the past five years, and 8.69 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||5.2%|
|3 Years (Annualized)||11.1%|
|5 Years (Annualized)||10.2%|
|10 Years (Annualized)||8.7%|
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 its net assets in fixed income securities rated below investment grade. It invests in corporate bonds and debentures, convertible securities, preferred securities, zero coupon obligations and debt securities that are issued by U.S. and foreign governments. 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.
Fees are Above Average compared to funds in the same category.
CNI Charter High Yield Bond Fund has an expense ratio of 1.08 percent.
Risk is Average compared to funds in the same category according to Morningstar.