4 / 5 Stars
4 5 2 5 1
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#11 in High Yield Bond
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.
The fund has returned 12.04 percent over the past year, and 10.53 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.3%|
|3 Years (Annualized)||10.5%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to earn a high level of current income; capital appreciation is a secondary objective. The fund invests at least 80% of its assets in below investment grade bonds of corporate issuers. The fund will purchase securities of companies in any capitalization range - small, medium or large. It may invest up to 25% of its assets in foreign securities issues (including emerging markets), including those denominated in U.S. dollars. The fund may purchase bonds of any maturity, but the fund will normally have a dollar-weighted average maturity between two and fifteen years.
Fees are Above Average compared to funds in the same category.
Rainier High Yield Fund has an expense ratio of 0.65 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.