3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 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 5.13 percent over the past year, 6.95 percent over the past three years, 17.42 percent over the past five years, and 6.56 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.8%|
|3 Years (Annualized)||6.9%|
|5 Years (Annualized)||17.4%|
|10 Years (Annualized)||6.6%|
The investment seeks to maximize total return, consistent with the preservation of capital. The fund invests primarily in high yield fixed income securities issued by U.S. and foreign companies and foreign governments and their agencies and instrumentalities. It normally invests at least 80% of its assets in high yield bonds. The fund may invest without limit in foreign securities and may invest up to 35% of its assets in sovereign debt issued by emerging market governmental issuers. Its investments may be of any maturity or duration.
Fees are High compared to funds in the same category.
Western Asset Global High Yield Bond Fund has an expense ratio of 1.81 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.