high-yield bond fund

(redirected from High Yield 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 ?
The high yield funds invest primarily in a diversified portfolio of high yield corporate ("junk") bonds and floating rate bank loans.
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.
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.
The Kemper High Yield Fund, which was introduced in 1978, outperformed over two-thirds of current high yield funds tracked by Lipper Analytical Services for the 3-, 5-, 10-, and 15-year periods ended 1/31/93(B).
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.
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.
the registered investment company of which the High Yield Funds are portfolio series.
The Lipper High Yield Average represents the average of AATRs for all high yield funds (i.
6 /PRNewswire/ -- Mutual fund investors who want to maximize their income potential have a new investment opportunity in The Hartford High Yield Fund.