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.

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 ?
EAD is a closed-end high-yield bond fund that seeks a high level of current income and may also, seek capital appreciation to the extent it is consistent with its investment objective.
The Wells Fargo Income Opportunities Fund is a closed-end high-yield bond fund; the Wells Fargo Multi-Sector Income Fund is a closed-end income fund, while the Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
BANKING AND CREDIT NEWS-October 10, 2014--RBC Global Asset Management re-opens high-yield bond fund
If you're thinking of reaching for a bit more yield through a high-yield bond fund, you might want to check again.
A popular offshore high-yield bond fund, for instance, reached a scale of only NT$400 billion (US$12.
Analysts say that the average high-yield bond fund has just over 8% in bonds rated below B, making the Dreyfus fund quite risky.
The Wells Fargo Advantage Income Opportunities Fund is a closed-end high-yield bond fund.
EAD is a closed-end high-yield bond fund ERC is a closed-end income fund and ERH is a closed-end equity and high-yield bond fund.
EAD is a closed-end high-yield bond fund, ERC is a closed-end income fund, ERH and EOD are closed-end equity and high-yield bond funds.
Bank of China Hong Kong Asset Management is believed to have moved a USD165m, high-yield bond fund to Luxembourg from the Cayman Islands and has entered into a deal with Citigroup Inc to distribute the fund through the US bank's platforms.
NEW YORK -- The Aquila(SM) Group of Funds, known for its strategic investment opportunities, has partnered with Three Peaks Capital Management, LLC and its well-known high-yield bond fund manager Sandy Rufenacht to launch Aquila Three Peaks High Income Fund.
All closed end funds, EAD is a closed-end high-yield bond fund that seeks a high level of current income, ERC is a closed-end income fund that also aims at a high level of current income consistent with limiting its overall exposure to domestic interest-rate risk, ERH is a closed-end equity and high-yield bond fund that seeks a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income and EOD is a closed-end equity and high-yield bond fund that aims at a high level of current income and a secondary objective is long-term growth of capital.