1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
#116 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 9.28 percent over the past year, 5.22 percent over the past three years, and 3.16 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||3.4%|
|3 Years (Annualized)||5.2%|
|5 Years (Annualized)||3.2%|
|10 Years (Annualized)||N/A|
The investment seeks to maximize total return (income plus capital appreciation). The fund normally invests at least 80% of its assets (plus any borrowing for investment purposes) in high yield debt instruments, commonly referred to as "junk bonds," and certain derivatives of such instruments, including derivatives which isolate the credit component of such junk bonds and do not provide general interest rate exposure. Up to 15% of the fund's assets may be invested in instruments generally rated below Caa by Moody's or CCC by S&P® or derivatives of such instruments. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Direxion Dynamic High Yield Bond Fund has an expense ratio of 1.60 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.