1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 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 7.14 percent over the past year, and 3.38 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.9%|
|3 Years (Annualized)||3.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
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 are Above Average compared to funds in the same category.
Power Income Fund has an expense ratio of 1.25 percent.
Risk is Low compared to funds in the same category according to Morningstar.