3 / 5 Stars
4 3 2 1 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
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 8.44 percent over the past year, 9.72 percent over the past three years, 14.89 percent over the past five years, and 7.05 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.8%|
|3 Years (Annualized)||9.7%|
|5 Years (Annualized)||14.9%|
|10 Years (Annualized)||7.0%|
The investment seeks to provide total return through a combination of high current income and capital appreciation. The fund primarily invests in a diversified portfolio of high-yield, high-risk, fixed-income securities. It invests primarily in lower-quality debt securities. The fund may invest in fixed-income securities of any maturity and in companies of any size. It may invest an unlimited amount of its total assets in non-investment grade debt securities, commonly called junk bonds, which include debt securities rated BB+ or lower by S&P or comparably rated by another NRSRO or, if unrated, determined by WRIMCO to be of comparable quality.
Fees are High compared to funds in the same category.
Waddell & Reed Advisor High Income Fund has an expense ratio of 2.14 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.