2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#101 in High Yield Bond
U.S. News evaluated 168 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 7.31 percent over the past year, and 7.00 percent over the past three years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||6.0%|
|3 Years (Annualized)||7.0%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide a high level of current income; a secondary objective of the fund is to limit risk during unfavorable market conditions. The fund's adviser seeks to achieve its investment objectives by investing primarily in (1) exchange traded funds ("ETFs") and open-end investment companies ("underlying funds") that primarily invest in or are otherwise exposed to domestic and foreign high-yield debt instruments; (2) derivative instruments, including credit default swaps; (3) other U.S. or foreign fixed-income securities of any rating and (4) U.S. or foreign cash equivalents. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Toews Hedged High Yield Bond Fund has an expense ratio of 1.25 percent.
Risk is Low compared to funds in the same category according to Morningstar.