Western Asset High Yield Fund

Scorecard
3 / 5 Stars
Lipper
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Zacks Investment Research
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Standard & Poor's
2 / 5 Stars
TheStreet.com
C- (Hold)

U.S. News evaluated 179 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 10.14 percent over the past year, 7.89 percent over the past three years, 13.19 percent over the past five years, and 7.15 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 4.8%
1 Year 10.1%
3 Years (Annualized) 7.9%
5 Years (Annualized) 13.2%
10 Years (Annualized) 7.1%

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Summary

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. The fund managers consider securities that are rated below the Baa or BBB categories to be rated below investment grade. The fund may also enter into various exchange-traded and over-the-counter derivative transactions for both hedging and non-hedging purposes.

Fees

Fees are High compared to funds in the same category.
Western Asset High Yield Fund has an expense ratio of 1.80 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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