| Scorecard |
|---|
|
4 / 5 Stars
|
|
Lipper
3
3
1
1
5
|
|
Zacks Investment Research
2
(Buy)
|
|
Standard & Poor's
1 / 5 Stars
|
|
TheStreet.com
D-
(Sell)
|
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 15.66 percent over the past year, 9.84 percent over the past three years, and 11.66 percent over the past five years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 3.6% |
| 1 Year | 15.7% |
| 3 Years (Annualized) | 9.8% |
| 5 Years (Annualized) | 11.7% |
| 10 Years (Annualized) | N/A |
Summary
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 normally invests at least 80% of 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 that are considered by the fund's Subadvisor to be of comparable quality. Its long positions may total up to 40% of the fund's net assets and its short positions may total up to 40% of the fund's net assets.
Fees
Fees are High compared to funds in the same category.
MainStay High Yield Opportunities Fund has an expense ratio of 2.00 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
