3 / 5 Stars
3 3 2 5 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 179 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 10.89 percent over the past year, 8.78 percent over the past three years, and 12.05 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.2%|
|3 Years (Annualized)||8.8%|
|5 Years (Annualized)||12.0%|
|10 Years (Annualized)||N/A|
The investment seeks high current income and, when consistent with its primary objective, capital appreciation. The fund invests primarily in lower-rated, higher-yielding fixed-income securities, such as domestic and foreign corporate bonds, debentures, loan participations and assignments and notes, as well as convertible securities and preferred stocks. Under normal circumstances, it invests at least 80% of its assets in debt and other fixed-income securities rated lower than investment-grade (and their unrated equivalents) or other high-yielding debt securities.
Fees are Above Average compared to funds in the same category.
TIAA-CREF High Yield Fund has an expense ratio of 0.62 percent.
Risk is Average compared to funds in the same category according to Morningstar.