8.2 in High Yield Bond
U.S. News evaluated 154 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
| Scorecard | |
|---|---|
| Morningstar | 4 / 5 Stars |
| Lipper | 4 3 1 5 3 |
| Zacks Investment Research | 1 (Strong Buy) |
| Standard & Poor's | 5 / 5 Stars |
| TheStreet.com | B- (Buy) |
Fund Overview
The investment seeks high current income and capital appreciation. The fund invests primarily in lower-rated, higher-yielding fixed-income securities. It invests at least 80% of assets in debt and other fixed-income securities rated lower than investment-grade (and their unrated equivalents) or other high-yielding debt securities. The fund invests up to 20% of assets in payment-in-kind or deferred interest obligations, defaulted securities, asset-backed securities, securities rated lower than B- or its equivalent by at least two rating agencies and securities having limited liquidity.
| Trailing Returns | Updated 03.31.2012 |
|---|---|
| Year to date | 4.4% |
| 1 Year | 6.9% |
| 3 Years (Annualized) | 19.8% |
| 5 Years (Annualized) | 7.8% |
| 10 Years (Annualized) |
Performance
The fund has returned 6.91 percent over the past year, 19.83 percent over the past three years, and 7.85 percent over the past five years.
Hypothetical Growth of $10,000
Updated 03.31.2012
Holdings
Asset Allocation
| % Long | % Net | |
|---|---|---|
| Cash | 2.35 | 2.35 |
| Stocks | 0.0 | 0.0 |
| Bonds | 85.96 | 85.96 |
| Other | 0.0 | 0.0 |
| Foreign Bonds | 10.21 | 10.21 |
| Foreign Stocks | 0.29 | 0.29 |
| Convertible | 0.25 | 0.25 |
| Preferred | 0.94 | 0.94 |
Updated 01.31.2012
Top Holdings
Performance as of 03.31.2012
Portfolio as of 01.31.2012
| % Net Assets | |
|---|---|
| Hca 7.5% | 1.21 |
| Chiron Merger Sub 144A 10.5% | 1.2 |
| Ford Mtr Co Del 7.45% | 1.15 |
| Arch Coal 144A 7% | 1.04 |
| Scientific Games Intl Inc. 9.25% | 0.89 |
Fees
TIAA-CREF High Yield Fund has an expense ratio of 0.40 percent.
