3 / 5 Stars
4 4 1 3 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 179 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 12.43 percent over the past year, 9.27 percent over the past three years, 13.27 percent over the past five years, and 7.94 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||6.0%|
|3 Years (Annualized)||9.3%|
|5 Years (Annualized)||13.3%|
|10 Years (Annualized)||7.9%|
The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities (commonly referred to as "high yield" or "junk" bonds), including corporate debt securities and convertible securities. It may invest up to 20% of its net assets in foreign securities that primarily are traded outside of the U.S. The fund may invest up to 20% of its net assets in municipal securities. It also may invest in senior loans.
Fees are High compared to funds in the same category.
Lord Abbett High Yield Fund has an expense ratio of 1.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.