3 / 5 Stars
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 7.07 percent over the past year, 7.46 percent over the past three years, 18.85 percent over the past five years, and 7.14 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.6%|
|3 Years (Annualized)||7.5%|
|5 Years (Annualized)||18.9%|
|10 Years (Annualized)||7.1%|
The investment seeks high current income. Under normal circumstances, the fund invests at least 80% of its assets in high yield debt securities. High yield securities are rated below investment grade (that is, securities rated below the Baa/BBB categories, or, if unrated, determined to be of comparable credit quality by the subadviser) and are commonly known as "junk bonds." Its investments may include, but will not be limited to, high yield corporate debt securities and adjustable rate bank loans. The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio and for other purposes.
Fees are High compared to funds in the same category.
Western Asset Short Duration High Income Fund has an expense ratio of 1.75 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.