The Pax World High Yield Fund, the only high-yield fund
to screen for social and environmental responsibility, turned two years old on October 8, 2001.
Rufenacht made a name for himself managing the Janus High-Yield Fund
until July 2003, when he and the Janus high-yield team set out to launch Three Peaks Capital Management, LLC.
Additionally, effective today, Gibson Smith, portfolio manager of Janus' Short-Term Bond products and assistant portfolio manager of Janus' Flexible Income funds, has been named portfolio manager of Janus High-Yield Fund
and the company's other high-yield portfolios.
Standard & Poor's--Standard & Poor's today released a CDO Manager Focus report for PIMCO Emerging Markets High-Yield Fund
announced today that the Securities and Exchange Commission has obtained a court order freezing the assets of the Heartland High-Yield Municipal Bond Fund, the Heartland Short Duration High-Yield Fund
and the Heartland Taxable Short Duration Municipal Fund (the "High Yield Funds") pending further action by a court-appointed receiver.
He also was corporate controller, operations manager and served as assistant treasurer for the Pacholder Fund (AMEX:PHF), a closed-end, high-yield fund
Global fund ranking service Morningstar has ranked the Falcon High Yield Defensive (FHYD) 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.
Our strategy of using broken convertibles, emerging markets and Real Estate Investment Trusts (REITs) for added diversification and return potential makes us unique among high-yield funds
Recently, issuers have been encouraged to bring lower grade issues to the bond market, partly in response to record inflows of capital into funds as well as an increase in the number of high-yield funds
Of that, MLIM offers closed-end high-yield funds
with nearly $2.
With continued volatility in the equity markets and uncertainty in the corporate sector, municipal high-yield funds
witnessed an increase in fund flows in 2001, which has continued through June of this year.
While last year proved to be one of the worst years for the high-yield market, the Paydenfunds High Income Fund outperformed most high-yield funds