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.
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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 ?
"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 Nigel Denison, the Head of Asset Management at BLME.
'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.
In its latest example of creating a partnership with a sub-adviser firm to develop a distinct product, Ivy Investment Management company (IICO) has introduced the Ivy PineBridge High Yield fund, the company said.
The BLME High Yield Fund, targets a net return of 3 month US$ Libor +5% per annum by investing up to 85% in Sukuk (often referred to as Islamic bonds) and 15% in Ijara (a lease contract on an asset).
BANKING AND CREDIT NEWS-January 12, 2017-Pacholder High Yield Fund declares USD 0.0450 monthly distribution
Global Banking News-June 10, 2019-Barings Global Short Duration High Yield Fund declares distribution of USD0.1482 per share for June 2019
The Pacholder High Yield Fund is a closed-end diversified management investment company with a leveraged capital structure.
M2 EQUITYBITES-May 31, 2019-PGIM High Yield Bond Fund and PGIM Global High Yield Fund announce monthly distributions of USD0.1000 per share
Global Banking News-May 31, 2019-PGIM High Yield Bond Fund and PGIM Global High Yield Fund announce monthly distributions of USD0.1000 per share