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Top 5 Highest Yielding High Yield Bond Mutual Funds
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ShareInvestors who possess a reasonable appetite for risk and seek a steady flow of high income would seldom go wrong by selecting high yield bonds. High yield bond funds primarily invest in corporate bonds of low quality, often rated below investment grade. A significant amount of risk is therefore associated with these investments and mutual funds are the best option to invest in these instruments. By investing in a well diversified portfolio of such securities mutual funds significantly reduce the risk involved with such investments.
Below we will share with you the 5 highest yielding Zacks #1 ranked high yield mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. View the Zacks Rank and past performance of all high yield mutual funds.
| Mutual Fund | SEC Yield |
| Transamerica High Yield Bond | 9.56% |
| Catalyst/SMH High Income A | 9.13% |
| Aegis High Yield | 8.90% |
| Delaware High Yield Opportunities A | 8.11% |
| John Hancock2 High Yield 1 | 7.69% |
Transamerica High Yield Bond (DVHYX) invests in preferred stocks and high yield debt securities. The majority of its assets are used to purchase junk bonds and related securities. The high yield mutual fund returned 16.21% over the last one year period and has a ten year annualized return of 8.38%.
Michael Weilheimer is the fund manager and she has managed this high yield mutual fund since 2000.
Catalyst/SMH High Income A (HIIFX) seeks current income. The fund invests primarily in high-yield corporate bonds, as well as in convertible and asset backed securities. It may invest heavily in securities rated below investment grade and those which have defaulted. The high yield mutual fund is non-diversified and returned 20.39% over the last one year period.
As of September 2010, this high yield mutual fund held 21 issues, with 10.17% of its total assets invested in Fidelity Instl MM Fds Money Market Instl.
Aegis High Yield (AHYFX) invests heavily in high-yield fixed income securities. Not more than 29% of its assets may be invested in other securities such as common stocks, warrants and bonds rated investment grade. The high yield mutual fund has a three year annualized return of 10.92%.
The high yield mutual fund has an expense ratio of 1.20% compared to a category average of 1.20%.
Delaware High-Yield Opportunities A (DHOAX) seeks total return. The fund invests the majority of its assets in corporate bonds rated below investment-grade by renowned ratings firms such as Standard & Poors. The fund may also purchase unrated securities of similar quality. The high yield mutual fund has a fiveyear annualized return of 7.62%.
Kevin P. Loome is the fund manager and she has managed this high yield mutual fund since 2007.
John Hancock2 High Yield 1(JIHDX) invests the majority of its assets in corporate bonds, preferred stocks, government and asset backed securities. It may purchase foreign bonds as well as fixed-income securities denominated in foreign currencies. The high yield mutual fund returned 17.68% over the last one year period.
The high yield mutual fund has an expense ratio of 0.75% compared to a category average of 1.20%.
View the Zacks Rank and past performance of all high yield mutual funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find top mutual funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank.
Read the full analyst report on DVHYX
Read the full analyst report on HIIFX
Read the full analyst report on AHYFX
Read the full analyst report on DHOAX
Read the full analyst report on JIHDX
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| Market Summary | May 26, 2012 09:15 am ET |
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