3 / 5 Stars
2 2 1 5 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 179 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 9.85 percent over the past year, 7.69 percent over the past three years, 10.47 percent over the past five years, and 6.38 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.1%|
|3 Years (Annualized)||7.7%|
|5 Years (Annualized)||10.5%|
|10 Years (Annualized)||6.4%|
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. It normally invests at least 80% of its total assets in corporate debt securities rated below investment grade. Investment grade debt securities are rated within the four highest grades by at least one of the major rating agencies, such as Standard & Poor's (at least BBB-), Moody's (at least Baa3) or Fitch (at least BBB-), or are securities that the fund's adviser determines to be of comparable quality.
Fees are Above Average compared to funds in the same category.
Payden High Income Fund has an expense ratio of 0.91 percent.
Risk is Average compared to funds in the same category according to Morningstar.