high-yield bond fund

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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 ?
A fund ranking service, Morningstar, has ranked the Falcon High Yield Defensive Fund amongst the best-performing funds in the US Dollar High Yield funds category on a one-year, three-year, and five-year annualised return basis.
Summary: A leading global fund ranking service, Morningstar, has ranked the Falcon High Yield Defensive Fund amongst the best-performing funds in the US Dollar High Yield funds category on a 1-year, 3-year, and 5-year annualised return basis.
The new team will support the company's expanding high yield funds platform for third party clients.
For additional information about Northwest, the high yield funds and other Northwest funds, please visit www.
Both funds provide investors the flexibility to make changes to their investments without the exchange restrictions and redemption fees commonly imposed by many other high yield funds.
High yield funds tend to be more equity-like than other types of fixed income vehicles.
Fuss, Vice Chairman of Loomis Sayles, will lead investment teams managing the Managers Fixed Income and the Managers High Yield Funds, and the fixed income portion of the Managers Balanced Fund.
The high yield funds have been good to Frank, and he received more than expected from them.
For the last several years, he has led the high yield team at Evergreen and overseen the management of our high yield funds that produced strong performance for the funds' shareholders.
The three reasons to explore municipal high yield funds are:
Four funds in the AFBA 5Star family of mutual funds -- AFBA 5Star Balanced, Equity, USA Global and High Yield Funds -- celebrate their fifth anniversary today.