| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
2
2
2
5
3
|
|
Zacks Investment Research
2
(Buy)
|
|
Standard & Poor's
4 / 5 Stars
|
|
TheStreet.com
C+
(Hold)
|
#40 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.
Performance
The fund has returned 12.18 percent over the past year, 10.18 percent over the past three years, 7.86 percent over the past five years, and 7.39 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 4.6% |
| 1 Year | 12.2% |
| 3 Years (Annualized) | 10.2% |
| 5 Years (Annualized) | 7.9% |
| 10 Years (Annualized) | 7.4% |
Summary
The investment seeks high current income as its primary investment objective; capital appreciation is a secondary objective. The fund primarily invests in a diversified portfolio of high yield corporate bonds (also known as "non-investment grade bonds" or "junk bonds"). It generally invests a significant portion of its assets in non-investment grade debt securities. The fund is not subject to any limitations as to the percentage of its assets which must be invested in securities within the rating categories. It invests in both short-term and long-term debt, and is not limited as to the maturities of the corporate debt securities in which it invests.
Fees
Fees are Above Average compared to funds in the same category.
Nicholas High Income Fund has an expense ratio of 0.66 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
