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Lipper
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Zacks Investment Research
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Standard & Poor's
1 / 5 Stars
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TheStreet.com
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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.
See all Power Income Fund funds
Performance
The fund has returned 5.75 percent over the past year.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.6% |
| 1 Year | 5.8% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks total return from income and capital appreciation with capital preservation as a secondary objective. The fund invests primarily in a diversified portfolio of income-producing high-yield fixed income securities commonly known as "junk" bonds and U.S. Treasury securities. It achieves its secondary investment objective by hedging the fund's investment portfolio when it believes security prices will decline. The fund does not invest in derivatives directly and will limit investment in mutual funds and ETFs that invest primarily in derivatives to 50% of fund assets.
Fees
Fees are Above Average compared to funds in the same category.
Power Income Fund has an expense ratio of 1.46 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
