high-yield bond fund

(redirected from High Yield Bond Funds)

High-Yield Bond Fund

A mutual fund that invests predominantly or exclusively in junk bonds. Because junk bonds have low credit ratings, they offer a comparatively high return. High-yield bond funds generally have portfolios containing at least two-thirds junk bonds. They provide a way for investors to take advantage of the return offered by a junk bond while also avoiding the risk of investing in a single bond at a high risk of default. See also: Investment grade.

high-yield bond fund

An investment company that attempts to produce unusually high income for its shareholders by maintaining a corporate bond portfolio that contains at minimum two thirds lower-rated bonds (Baa by Moody's; BBB by S&P).
References in periodicals archive ?
TM] out of 611 High Yield Bond Funds as of June 30, 2015, based on risk-adjusted returns.
EPFR Global-tracked High Yield Bond Funds posted their biggest weekly inflow on record while the geographically diversified Global Emerging Market Equity Funds enjoyed their best week since early May and Emerging Markets Bond Funds snapped their four week, $5.
Danske Invest, the fund management business owned by Danske Bank Group, one of the largest financial enterprises in the Nordic Region, appointed DDJ as its dedicated sub-adviser with respect to two Danske Invest Select High Yield Bond Funds, launched in June and October, respectively.
Expectations that the US Federal Reserve will unveil another quantitative easing program later this month helped EPFR Global-tracked high yield bond funds snap a five week, $10.
The Fund has also received a 5-star and 4-star Overall Morningstar Rating[TM] for institutional and individual investor class shares, respectively, for the period ended June 30, 2008 out of 476 high yield bond funds based on risk-adjusted returns.
Rowe Price Group(NASDAQ: TROW) announced that it has closed its high yield bond funds, effective yesterday, including the Investor Class shares (PRHYX) and the Advisor Class shares (PAHIX) of the High Yield Fund and the separate Institutional High Yield Fund(TRHYX).
Redemptions from most EPFR Global-tracked fund groups soared, with High Yield Bond Funds hit particularly hard, as investors liquidated positions and parked their cash in Money Market Funds.
As of December 31, 2007, the Pax World High Yield Fund had an Overall Morningstar Rating[TM] of 3 stars and 5 stars out of 466 high yield bond funds tracked by Morningstar for the Individual and Institutional Classes respectively.
As was the case 13 months ago, fears that Greece's intractable debt problems could raise borrowing costs around the world and set the stage for a double-dip recession in Europe -- and perhaps elsewhere -- hit EPFR Global-tracked High Yield Bond Funds hard while boosting flows into US Equity Funds and Bond Funds generally.
Unlike high yield bond funds, Portfolio bonds are each individually held as a separate security in investors' accounts.
Both classes received the overall rating among 457 high yield bond funds for the period ending January 31, 2006.
US Municipal Bond Funds, Real Estate Sector Funds and Emerging Market Bond Funds continued to benefit from the US Federal Reserve's shift back to an easing bias earlier in the month, although flows into Emerging Markets Bond Funds fell to an 11-week low and High Yield Bond Funds had their worst week since early July.