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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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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.
Performance
The fund has returned 17.18 percent over the past year, and 14.11 percent over the past three years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 2.4% |
| 1 Year | 17.2% |
| 3 Years (Annualized) | 14.1% |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to provide a high level of current income; long-term capital appreciation is its secondary objective. The fund normally invests at least 80% of its total assets in high yield securities. It can invest without limit in foreign securities in any country, including countries with developing or emerging markets. The weighted average effective duration of the fund's portfolio, including derivatives, is expected to range from 0 to 7 years. The fund may also enter into various derivative transactions for both hedging and non-hedging purposes, including for purposes of enhancing returns. It is non-diversified.
