4 / 5 Stars
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 166 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 12.32 percent over the past year, 10.42 percent over the past three years, 9.02 percent over the past five years, and 8.30 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.1%|
|3 Years (Annualized)||10.4%|
|5 Years (Annualized)||9.0%|
|10 Years (Annualized)||8.3%|
The investment seeks total return, consisting of a high level of current income and capital appreciation. The fund normally invests at least 80% of its net assets in corporate debt securities that are below investment-grade. It invests up to 30% of its total assets in U.S. dollar-denominated debt securities of foreign issuers. The fund invests up to 20% of its total assets in equities and convertible debt securities; and up to 10% of its total assets in debt securities that are in default at the time of purchase. It invests principally in below investment-grade debt securities (often called "high-yield" securities or "junk bonds") of corporate issuers.
Fees are Above Average compared to funds in the same category.
Wells Fargo Advantage High Income Fund has an expense ratio of 0.80 percent.
Risk is Low compared to funds in the same category according to Morningstar.