3 / 5 Stars
5 5 1 3 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#43 in High Yield Bond
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 7.17 percent over the past year, 8.30 percent over the past three years, 17.31 percent over the past five years, and 7.70 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.8%|
|3 Years (Annualized)||8.3%|
|5 Years (Annualized)||17.3%|
|10 Years (Annualized)||7.7%|
The investment seeks a high level of current income. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes 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"). It may invest up to 20% of its net assets in fixed and floating rate loans, including senior loans and secured and unsecured junior loans. The fund may invest in exchange-traded funds, closed-end funds, and other investment companies ("investment companies").
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.