High Yield Bond

High-yield bond portfolios concentrate on lower-quality bonds, which are riskier than those of higher-quality companies. These portfolios generally offer higher yields than other types of portfolios, but they are also more vulnerable to economic and credit risk. These portfolios primarily invest in U.S. high-income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below. Morningstar®

#1 TIAA-CREF High Yield Fund (TIHYX)

Performance (1-yr.): 13.49% Expenses: 0.39%
Performance (1-mo.): 2.17% Total Assets: $2.34B
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#2 Federated Institutional High Yield Bond Fund (FIHBX)

Performance (1-yr.): 13.11% Expenses: 0.50%
Performance (1-mo.): 2.00% Total Assets: $2.51B
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#3 Delaware Pooled Trust High-Yield Bond Portfolio (DPHYX)

Performance (1-yr.): 14.84% Expenses: 0.58%
Performance (1-mo.): 1.79% Total Assets: $131.52M
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#4 USAA High Income Fund (USHYX)

Performance (1-yr.): 15.84% Expenses: 0.96%
Performance (1-mo.): 1.71% Total Assets: $2.25B
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#5 Ivy High Income Fund (WHIAX)

Performance (1-yr.): 14.55% Expenses: 1.00%
Performance (1-mo.): 1.40% Total Assets: $8.08B
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#6 CNI Charter High Yield Bond Fund (CHYIX)

Performance (1-yr.): 13.25% Expenses: 0.96%
Performance (1-mo.): 1.53% Total Assets: $177.3M
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#6 Waddell & Reed Advisor High Income Fund (UNHIX)

Performance (1-yr.): 16.25% Expenses: 1.09%
Performance (1-mo.): 1.62% Total Assets: $2.05B
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#8 SEI Institutional Managed High Yield Bond Fund (SHYAX)

Performance (1-yr.): 13.59% Expenses: 0.91%
Performance (1-mo.): 1.50% Total Assets: $2.03B
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#9 Principal High Yield Fund I (PYHIX)

Performance (1-yr.): 13.44% Expenses: 0.65%
Performance (1-mo.): 2.14% Total Assets: $1.46B
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#10 T. Rowe Price Institutional High Yield Fund (TRHYX)

Performance (1-yr.): 14.27% Expenses: 0.50%
Performance (1-mo.): 2.02% Total Assets: $2.92B
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Top Performing High Yield Bond Funds as of 05.03.2013

Access Flex High Yield Fund (FYAIX)

Total Return: 3.80%

Rydex High Yield Strategy Fund (RYHDX)

Total Return: 3.58%

Nuveen Symphony High Yield Bond Fund (NSYAX)

Total Return: 3.19%

Morgan Stanley Institutional High Yield Portfolio (MSYIX)

Total Return: 20.26%

John Hancock High Yield Fund (JHHBX)

Total Return: 19.97%

Third Avenue Focused Credit Fund (TFCIX)

Total Return: 19.77%

Fidelity Real Estate High Income Fund

Total Return: 14.37%

Legg Mason BW Global High Yield Fund (LMZIX)

Total Return: 13.68%

Waddell & Reed Advisor High Income Fund (UNHIX)

Total Return: 12.83%

* annualized