3 / 5 Stars
3 3 3 3 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#52 in High Yield Bond
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 5.55 percent over the past year, 7.92 percent over the past three years, 14.30 percent over the past five years, and 7.16 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.7%|
|3 Years (Annualized)||7.9%|
|5 Years (Annualized)||14.3%|
|10 Years (Annualized)||7.2%|
The investment seeks maximum current income through investment in a diversified portfolio of high-yield debt securities; capital appreciation is a secondary objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade or that are unrated but are considered to be of comparable quality by the Subadvisor. It may invest up to 20% of its net assets in common stocks and other equity-related securities.
Fees are Above Average compared to funds in the same category.
MainStay High Yield Corporate Bond Fund has an expense ratio of 1.01 percent.
Risk is Low compared to funds in the same category according to Morningstar.