3 / 5 Stars
4 4 1 2 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#31 in High Yield Bond
U.S. News evaluated 166 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 12.86 percent over the past year, 10.64 percent over the past three years, 8.72 percent over the past five years, and 8.53 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.2%|
|3 Years (Annualized)||10.6%|
|5 Years (Annualized)||8.7%|
|10 Years (Annualized)||8.5%|
The investment seeks to achieve a high level of current income, with a secondary objective of capital appreciation. The fund seeks to achieve its investment objective of a high level of current income, with a secondary objective of capital appreciation, by investing in a portfolio of below investment grade bonds (those rated Ba1/BB+ or lower by Moody's Investors Service, Inc. ("Moody's")/Standard & Poor's Corporation ("S&P")). It normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in below-investment-grade bonds.
Fees are Above Average compared to funds in the same category.
Managers High Yield Fund has an expense ratio of 1.15 percent.
Risk is High compared to funds in the same category according to Morningstar.