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 ?
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 one-year, three-year, and five-year annualised return basis.
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.
The performance of the lower quality corporate issues has been quite strong this year, enticing investors to high-yield funds in great numbers.
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.
Durbiano has managed high-yield funds since 1987 and has achieved strong industry rankings for consistent, long-term high-yield performance.
He also has managed high-yield funds available exclusively to Japanese and Canadian investors.
Mountain View's fixed-income stable features domestic and foreign government bond funds, corporate investment-grade and high-yield funds, tax-exempt investment-grade and high-yield funds, in addition to various money market funds -- all backed by high-quality credit research.
What is now Davis High Income Fund came first for risk-adjusted performance among 65 high-yield funds for the three years to June 30 and Davis Tax-Free High Income Fund ranked second among 223 municipals.