3 / 5 Stars
3 2 2 4 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
#76 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 7.60 percent over the past year, 8.01 percent over the past three years, 14.89 percent over the past five years, and 7.36 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.8%|
|3 Years (Annualized)||8.0%|
|5 Years (Annualized)||14.9%|
|10 Years (Annualized)||7.4%|
The investment seeks high current income. The fund invests at least 80% of its net assets plus borrowings for investment purposes, if any, in lower-rated bonds. It will normally maintain its portfolio duration within a range of plus or minus 20% of the fund's benchmark, the BofA Merrill Lynch U.S. High Yield Master II Index (the "Benchmark"). The fund may also invest in preferred stocks, convertible securities, and non-income producing high-yield bonds, such as zero-coupon bonds, which pay interest only at maturity, or payment in kind bonds, which pay interest in the form of additional securities.
Fees are Above Average compared to funds in the same category.
Forward High Yield Bond Fund has an expense ratio of 0.83 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.