3 / 5 Stars
4 3 3 3 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#63 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 7.21 percent over the past year, 8.04 percent over the past three years, and 16.65 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.2%|
|3 Years (Annualized)||8.0%|
|5 Years (Annualized)||16.7%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income along with capital appreciation. Under normal circumstances, at least 80% of the fund's net assets plus any borrowings for investment purposes will be invested in high yield bonds, which include debt securities of all types. The term "high yield" is generally understood to describe debt securities that are rated below investment grade or, if unrated, determined by the Adviser to be of comparable quality ("junk bonds"). It may invest in all types of debt securities but will invest primarily in corporate debt securities, mortgage-backed securities and asset-backed securities of U.S. and Canadian issuers.
Fees are Above Average compared to funds in the same category.
PNC High Yield Bond has an expense ratio of 1.01 percent.
Risk is Average compared to funds in the same category according to Morningstar.