high-yield bond fund

(redirected from High Yield Fund)
Also found in: Acronyms.

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 ?
David Crall, Chief Investment Officer for NCRAM, said Our investment philosophy for the Nomura High Yield Fund is based upon our belief that a total return investment approach driven by credit research is the best way to generate excess return in a high yield market.
With these factors in place, the BLME High Yield Fund is expected to exceed its target return.
The BLME High Yield Fund responds to the demand we have seen from institutional and high net-worth investors for a fund with a higher risk/return profile,' said BLME asset management head Nigel Denison.
We have worked with Hannah Strasser, Anne Yobage and Tom Kelleher for over fourteen years via their management of a traditional high yield fund offered to our private wealth clients.
These factors have led to the High Yield Fund exceeding its target return in the short time since launch.
M2 EQUITYBITES-February 8, 2017-Pacholder High Yield Fund declares distribution of USD0.
BANKING AND CREDIT NEWS-November 19, 2015-Babson Capital declares monthly distribution on high yield fund
PACHOLDER HIGH YIELD FUND ANNOUNCES MONTHLY DIVIDEND
M2 EQUITYBITES-January 12, 2017-Pacholder High Yield Fund declares USD 0.
BANKING AND CREDIT NEWS-October 15, 2015-Babson Capital declares October 2015 distribution high yield fund