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 10.72 percent over the past year, 6.49 percent over the past three years, 18.15 percent over the past five years, and 6.20 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.4%|
|3 Years (Annualized)||6.5%|
|5 Years (Annualized)||18.2%|
|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 preferreds. It invests in securities with a broad range of maturities. The fund may invest up to 20% of its net assets in inverse floating rate obligations. It may invest up to 20% of its net assets in common stock issued by both U.S. and non-U.S. issuers and other equity investments, such as exchange-traded funds (ETFs) that invest primarily in equities, DRs, warrants, rights and equity interests in real estate investment trusts (REITs).
Fees are High compared to funds in the same category.
Pioneer High Yield Fund has an expense ratio of 2.18 percent.
Risk is High compared to funds in the same category according to Morningstar.