| Scorecard |
|---|
|
2 / 5 Stars
|
|
Lipper
1
1
1
5
3
|
|
Zacks Investment Research
2
(Buy)
|
|
Standard & Poor's
4 / 5 Stars
|
|
TheStreet.com
C
(Hold)
|
#76 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 12.20 percent over the past year, 9.86 percent over the past three years, 7.46 percent over the past five years, and 7.01 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 3.8% |
| 1 Year | 12.2% |
| 3 Years (Annualized) | 9.9% |
| 5 Years (Annualized) | 7.5% |
| 10 Years (Annualized) | 7.0% |
Summary
The investment seeks high current income while providing for capital appreciation by investing primarily in a diversified portfolio of below investment grade bonds. The fund invests in a wide variety of debt instruments and income-producing securities. Under normal market conditions, it invests at least 80% of its total assets in corporate debt securities rated below investment grade (commonly called "junk bonds"). The fund may invest up to 30% of its total assets in securities of issuers organized or headquartered in emerging market countries. It primarily invests in debt securities payable in U.S. dollars and may invest in foreign currencies.
Fees
Fees are Above Average compared to funds in the same category.
Payden High Income Fund has an expense ratio of 0.64 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
