8.9 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 | 5 / 5 Stars |
| Lipper | 5 5 2 5 1 |
| Zacks Investment Research | 1 (Strong Buy) |
| Standard & Poor's | 5 / 5 Stars |
| TheStreet.com | B (Buy) |
Fund Overview
The investment seeks high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"), including debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Adviser does not limit the fund's investments to securities of a particular maturity range. It may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies as more fully described in the fund's Prospectus.
| Trailing Returns | Updated 03.31.2012 |
|---|---|
| Year to date | 5.7% |
| 1 Year | 7.9% |
| 3 Years (Annualized) | 21.4% |
| 5 Years (Annualized) | 8.1% |
| 10 Years (Annualized) |
Performance
The fund has returned 7.90 percent over the past year, 21.43 percent over the past three years, and 8.10 percent over the past five years.
Hypothetical Growth of $10,000
Updated 03.31.2012
Holdings
Asset Allocation
| % Long | % Net | |
|---|---|---|
| Cash | 2.96 | 2.96 |
| Stocks | 0.03 | 0.03 |
| Bonds | 89.37 | 89.37 |
| Other | 0.0 | 0.0 |
| Foreign Bonds | 7.58 | 7.58 |
| Foreign Stocks | 0.0 | 0.0 |
| Convertible | 0.0 | 0.0 |
| Preferred | 0.06 | 0.06 |
Updated 12.31.2011
Top Holdings
Performance as of 03.31.2012
Portfolio as of 12.31.2011
| % Net Assets | |
|---|---|
| High Yield Bond Portfolio | 15.81 |
| Federated Prime Value Obligations Instl | 2.67 |
| Cit Grp 7% | 1.68 |
| Hca 7.5% | 1.03 |
| Biomet 11.625% | 0.71 |
Fees
Federated Institutional High Yield Bond Fund has an expense ratio of 0.49 percent.
