Power Income Fund

Class Inst (PWRIX)
Scorecard
1 / 5 Stars
Lipper
1 1 3 1 5
Zacks Investment Research
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Standard & Poor's
1 / 5 Stars
TheStreet.com
D (Sell)

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.

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Performance

The fund has returned 7.56 percent over the past year, and 3.98 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 3.8%
1 Year 7.6%
3 Years (Annualized) 4.0%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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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 1.25 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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See Also:

Top Power Income Fund Funds