5 / 5 Stars
5 5 1 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#4 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 14.28 percent over the past year, and 9.82 percent over the past three years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||5.5%|
|3 Years (Annualized)||9.8%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks long-term total return, which may include investment returns from a combination of sources including capital appreciation, fees and interest income. The fund invests at least 80% of its net assets in bonds and other types of credit instruments. It intends to invest a substantial amount of its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies. The fund may have significant investments in distressed and defaulted securities and intends to focus on a relatively small number of issuers. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Third Avenue Focused Credit Fund has an expense ratio of 0.91 percent.
Risk is High compared to funds in the same category according to Morningstar.