2 / 5 Stars
2 2 1 1 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
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 8.84 percent over the past year, 6.89 percent over the past three years, 17.49 percent over the past five years, and 6.15 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.5%|
|3 Years (Annualized)||6.9%|
|5 Years (Annualized)||17.5%|
|10 Years (Annualized)||6.2%|
The investment seeks to maximize total return through a combination of income and capital appreciation. Normally, the fund invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks. It also may invest in derivative instruments that have economic characteristics similar to such high yield debt securities and preferred stocks. The fund invests in securities with a broad range of maturities. It may invest up to 20% of its net assets in inverse floating rate obligations.
Fees are High compared to funds in the same category.
Pioneer High Yield Fund has an expense ratio of 1.86 percent.
Risk is High compared to funds in the same category according to Morningstar.