4 / 5 Stars
4 5 1 5 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#14 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 13.64 percent over the past year, 10.42 percent over the past three years, 10.54 percent over the past five years, and 8.50 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||5.0%|
|3 Years (Annualized)||10.4%|
|5 Years (Annualized)||10.5%|
|10 Years (Annualized)||8.5%|
The investment seeks to maximize total return by investing primarily in fixed-income securities, including, but not limited to, those represented by the Barclays Capital U.S. Corporate High-Yield Bond Index. The fund invests at least 80% of its net assets (plus borrowings, if any) in high yield bonds commonly referred to as "junk bonds". The duration of the fund (that is, its sensitivity to changes in interest rates) is monitored against the benchmark. It invests primarily in debt securities that have been publicly issued or privately placed, with fixed, zero coupon, payment-in-kind, variable or floating interest rates.
Fees are Above Average compared to funds in the same category.
SSGA High Yield Bond Fund has an expense ratio of 0.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.