3 / 5 Stars
2 1 2 5 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#50 in High Yield Bond
U.S. News evaluated 166 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 10.48 percent over the past year, 9.32 percent over the past three years, 7.57 percent over the past five years, and 7.85 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.1%|
|3 Years (Annualized)||9.3%|
|5 Years (Annualized)||7.6%|
|10 Years (Annualized)||7.9%|
The investment seeks maximum total return from a combination of capital appreciation and current income. The fund invests primarily in high-yielding U.S. corporate fixed-income securities which are rated below investment grade (lower than Baa by Moody's or lower than BBB by S&P ("junk bonds")). It may invest in securities of non-U.S. companies, including, to a limited extent, in companies in, or governments of, emerging market countries. Although the fund may invest in fixed-income securities without regard to their maturity, its average weighted maturity is expected to range between two and ten years.
Fees are Average compared to funds in the same category.
Lazard Funds US High Yield Portfolio has an expense ratio of 0.55 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.