4 / 5 Stars
5 5 1 4 1
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#22 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 6.79 percent over the past year, 8.40 percent over the past three years, 18.85 percent over the past five years, and 7.98 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||3.0%|
|3 Years (Annualized)||8.4%|
|5 Years (Annualized)||18.8%|
|10 Years (Annualized)||8.0%|
The investment seeks to maximize total return, consistent with prudent investment management. The fund normally invests at least 80% of its net assets in U.S. dollar denominated debt or fixed income securities that are rated below investment grade at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations or are of a comparable quality as determined by the subadviser. It considers securities that are rated below the Baa or BBB categories to be rated below investment grade. The fund may also enter into various derivative transactions for both hedging and non-hedging purposes, including for purposes of enhancing returns.
Fees are Above Average compared to funds in the same category.
Western Asset High Yield Fund has an expense ratio of 0.70 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.