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 PIA High Yield Fund (PHYSX)

Performance (1-yr.): 8.56% Expenses: 0.99%
Performance (1-mo.): 1.62% Total Assets: $75.7M
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#2 Rainier High Yield Fund (RAIHX)

Performance (1-yr.): 8.11% Expenses: 0.66%
Performance (1-mo.): 2.00% Total Assets: $46.78M
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#3 Loomis Sayles Institutional High Income Fund (LSHIX)

Performance (1-yr.): 16.16% Expenses: 0.68%
Performance (1-mo.): 3.24% Total Assets: $693.95M
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#4 USAA High Income Fund (USHYX)

Performance (1-yr.): 8.55% Expenses: 0.95%
Performance (1-mo.): 1.73% Total Assets: $2.23B
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#5 Waddell & Reed Advisor High Income Fund (UNHIX)

Performance (1-yr.): 10.59% Expenses: 1.04%
Performance (1-mo.): 1.69% Total Assets: $2.24B
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#6 Ivy High Income Fund (WHIAX)

Performance (1-yr.): 9.92% Expenses: 0.93%
Performance (1-mo.): 1.65% Total Assets: $10.73B
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#7 John Hancock II High Yield Fund (JIHDX)

Performance (1-yr.): 8.13% Expenses: 0.76%
Performance (1-mo.): 2.12% Total Assets: $1.13B
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#8 T. Rowe Price Institutional High Yield Fund (TRHYX)

Performance (1-yr.): 9.34% Expenses: 0.50%
Performance (1-mo.): 2.06% Total Assets: $2.86B
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#9 BlackRock High Yield Bond Portfolio (BHYAX)

Performance (1-yr.): 10.02% Expenses: 0.92%
Performance (1-mo.): 2.15% Total Assets: $13.77B
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#9 Delaware Pooled Trust High-Yield Bond Portfolio (DPHYX)

Performance (1-yr.): 9.53% Expenses: 0.57%
Performance (1-mo.): 2.04% Total Assets: $137.69M
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Top Performing High Yield Bond Funds As of 03.05.2014

Fairholme Focused Income Fund (FOCIX)

Total Return: 4.81%

Loomis Sayles Institutional High Income Fund (LSHIX)

Total Return: 3.24%

Fidelity® Capital and Income Fund (FAGIX)

Total Return: 3.09%

Fairholme Focused Income Fund (FOCIX)

Total Return: 31.82%

Third Avenue Focused Credit Fund (TFCIX)

Total Return: 16.18%

Loomis Sayles Institutional High Income Fund (LSHIX)

Total Return: 16.16%

Fairholme Focused Income Fund (FOCIX)

Total Return: 11.44%

Waddell & Reed Advisor High Income Fund (UNHIX)

Total Return: 10.94%

Ivy High Income Fund (WHIAX)

Total Return: 10.57%

* Annualized