| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
---
|
|
Zacks Investment Research
---
|
|
Standard & Poor's
2 / 5 Stars
|
|
TheStreet.com
---
|
U.S. News evaluated 167 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 12.48 percent over the past year, and 11.09 percent over the past three years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 3.4% |
| 1 Year | 12.5% |
| 3 Years (Annualized) | 11.1% |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
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.
