4 / 5 Stars
5 5 2 3 3
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 7.61 percent over the past year, 8.74 percent over the past three years, 17.95 percent over the past five years, and 7.89 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.1%|
|3 Years (Annualized)||8.7%|
|5 Years (Annualized)||17.9%|
|10 Years (Annualized)||7.9%|
The investment seeks to provide an attractive total return primarily through high current income and secondarily through capital appreciation. The fund primarily invests its assets in a broad range of U.S. dollar-denominated high-yield securities, including bonds (often referred to as "junk" bonds), convertible securities, leveraged loans, or preferred stocks, with an emphasis on non-investment-grade debt securities. It may invest without limit in dollar-denominated foreign securities and to a limited extent in non-dollar-denominated foreign securities, including in each case emerging markets securities.
Fees are Above Average compared to funds in the same category.
USAA High Income Fund has an expense ratio of 0.94 percent.
Risk is Average compared to funds in the same category according to Morningstar.