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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
#116 in High Yield Bond
U.S. News evaluated 174 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 5.93 percent over the past year, 6.27 percent over the past three years, and 12.95 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.2%|
|3 Years (Annualized)||6.3%|
|5 Years (Annualized)||12.9%|
|10 Years (Annualized)||N/A|
The investment seeks to provide a high level of current income, with capital appreciation as a secondary goal. The fund invests primarily in lower-rated and unrated, higher-risk corporate bonds of any maturity. Under normal market conditions, it invests at least 80% of assets in debt securities and convertible securities rated below investment grade rated BB+ or lower by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO), also known as "high-yield" or "junk" bonds, and in unrated debt securities determined by the sub-adviser to be of comparable quality.
Fees are Above Average compared to funds in the same category.
Dunham High Yield Bond Fund has an expense ratio of 1.36 percent.
Risk is Low compared to funds in the same category according to Morningstar.