3 / 5 Stars
5 4 2 4 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#6 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 7.16 percent over the past year, 8.55 percent over the past three years, and 13.29 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||2.8%|
|3 Years (Annualized)||8.6%|
|5 Years (Annualized)||13.3%|
|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. It will purchase securities of companies in any capitalization range - small, medium or large. The fund may invest up to 25% of its assets in foreign securities issues (including emerging markets), including those denominated in U.S. dollars. It 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 Low compared to funds in the same category according to Morningstar.