3 / 5 Stars
2 1 2 2 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 167 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 10.23 percent over the past year, 9.30 percent over the past three years, 8.29 percent over the past five years, and 7.58 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||2.4%|
|3 Years (Annualized)||9.3%|
|5 Years (Annualized)||8.3%|
|10 Years (Annualized)||7.6%|
The investment seeks total return. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of below investment-grade, high-risk, corporate bonds that are rated below Baa3 by Moody's or below BBB- by S&P or Fitch, commonly referred to as "high-yield" or "junk" bonds. It may invest up to 20% of its net assets in bank loans and up to 10% of its total assets in equity securities, including common stock. The fund may invest a portion of its assets in credit default swaps and bank loans to corporate issuers. It also may invest in private placements.
Fees are Above Average compared to funds in the same category.
Harbor High Yield Bond Fund has an expense ratio of 0.89 percent.
Risk is Low compared to funds in the same category according to Morningstar.