high-yield bond fund

(redirected from High Yield Bond Fund)

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.
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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).
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
M2 EQUITYBITES-August 27, 2019-PGIM High Yield Bond Fund and PGIM Global High Yield Fund announce higher monthly distributions for September, October and November 2019
Global Banking News-August 27, 2019-PGIM High Yield Bond Fund and PGIM Global High Yield Fund announce higher monthly distributions for September, October and November 2019
Hefty put activity in High Yield Bond Fund as shares see weakness.
The mergers of Signature High Yield Bond Fund into Signature High Yield Bond II Fund and Synergy Tactical Asset Allocation Fund into Signature Income and Growth Fund do not require securityholder approval and will be effected at the close of business on or about 3 November 2017.
Manulife Asset Management (US) LLC (MAM US) will assume on or about May 10, 2016 sub-advisory duties for Manulife High Yield Bond Fund. As of such date, Dennis F.
First Trust Advantaged Short Duration High Yield Bond Fund (TSX: FSD.UN) has declared a monthly distribution of USD0.05 for each Class A unit and Class F unit.
High yield Market through the PIMCO Global High Yield Bond Fund. The Fund has an effective duration of 3.29 years with a current yield of 6.09% and an average coupon yield of 7.08%.
Martha Metcalf, who was earlier a chief investment officer at Credit Suisse High Yield Bond Fund, has been named to the position.
Mr Gledhill, manager of New Star's new High Yield Bond Fund, said: ``I believe this is an asset class serious investors can't afford to ignore.
My savings earn 2pc interest, which is disgracefully low, so I am attracted by the New Star High Yield Bond Fund which offers 7pc.
M2 EQUITYBITES-May 31, 2019-PGIM High Yield Bond Fund and PGIM Global High Yield Fund announce monthly distributions of USD0.1000 per share