3 / 5 Stars
5 5 1 3 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#37 in High Yield Bond
U.S. News evaluated 168 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 10.07 percent over the past year, 8.98 percent over the past three years, 17.78 percent over the past five years, and 8.04 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||7.4%|
|3 Years (Annualized)||9.0%|
|5 Years (Annualized)||17.8%|
|10 Years (Annualized)||8.0%|
The investment seeks a high level of current income. The fund normally invests at least 80% of net assets in bonds rated lower than investment grade at the time of purchase or in unrated bonds of comparable quality (securities commonly referred to as "high-yield" securities or "junk bonds"). There is no minimum rating requirement and no limitation on the average maturity or average effective duration of securities held by the fund. It may invest in debt obligations of foreign corporations and governments. Up to 20% of its assets may be invested in debt obligations issued by governmental and corporate issuers that are located in emerging market countries.
Fees are Above Average compared to funds in the same category.
Nuveen High Income Bond Fund has an expense ratio of 0.94 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.