3 / 5 Stars
2 2 1 1 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
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 6.12 percent over the past year, 7.01 percent over the past three years, and 16.03 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||2.6%|
|3 Years (Annualized)||7.0%|
|5 Years (Annualized)||16.0%|
|10 Years (Annualized)||N/A|
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. The fund's long positions, either direct long positions or through credit default swaps or total return swaps, may total up to 140% of the fund's net assets. The fund's short positions, either direct short positions or through credit default swaps or total return swaps, may total up to 40% of the fund's net assets.
Fees are High compared to funds in the same category.
MainStay High Yield Opportunities Fund has an expense ratio of 1.99 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.