2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
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 6.20 percent over the past year, 7.16 percent over the past three years, 13.58 percent over the past five years, and 4.81 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.3%|
|3 Years (Annualized)||7.2%|
|5 Years (Annualized)||13.6%|
|10 Years (Annualized)||4.8%|
The investment seeks high current income. The fund primarily invests in high yield, below investment grade corporate bonds. Although the adviser will consider ratings assigned by ratings agencies in selecting high yield bonds, it relies principally on its own research and investment analysis. It may sell a bond when it shows deteriorating fundamentals or it falls short of the portfolio manager's expectations. The fund may also decide to continue to hold a bond (or related securities) after its issuer defaults or is subject to a bankruptcy.
Fees are High compared to funds in the same category.
First Investors Fund For Income has an expense ratio of 1.99 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.