3 / 5 Stars
3 2 2 1 5
Zacks Investment Research
Standard & Poor's
1 / 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 4.89 percent over the past year, 6.96 percent over the past three years, and 15.58 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.4%|
|3 Years (Annualized)||7.0%|
|5 Years (Annualized)||15.6%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income with capital appreciation as a secondary objective. The fund invests in a non-diversified group of low-quality, high-risk, high yield corporate debt obligations. Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings made for investment purposes) will be invested in corporate bonds rated Baa by Moody's Investors Service ("Moody's") or BBB by Standard & Poor's Corporation ("S&P") or lower. While there are no restrictions on maturity, the fund generally holds an average maturity of less than ten years. It is non-diversified.
Fees are High compared to funds in the same category.
Integrity High Income Fund has an expense ratio of 2.06 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.