2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
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 11.48 percent over the past year, 8.84 percent over the past three years, 8.63 percent over the past five years, and 7.46 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.3%|
|3 Years (Annualized)||8.8%|
|5 Years (Annualized)||8.6%|
|10 Years (Annualized)||7.5%|
The investment seeks to provide high current income, as well as capital growth when consistent with high current income. The fund invests in a portfolio of higher-yielding, lower-rated fixed-income securities issued by foreign and U.S. companies. It normally invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in high-yield bonds. The fund may invest in fixed-income securities of any maturity, but generally invests in securities having an initial maturity of more than one year. Up to 25% of its total assets may be invested in foreign securities, which may include securities of issuers in emerging market countries.
Fees are High compared to funds in the same category.
Nationwide High Yield Bond Fund has an expense ratio of 1.70 percent.
Risk is Average compared to funds in the same category according to Morningstar.