Legg Mason Western Asset High Yield Bond A (SAHYX) seeks total return. It invests at least 80% of its assets in high yield bonds and related securities. Up to 35% of its assets may also be utilized to purchase sovereign debt issued by governments from emerging markets. The fund has a five year annualized return of 4.8%.The fund has an expense ratio of 1.19% compared to a category average of 1.21%.
MainStay High Yield Opportunities A (MYHAX) invests the majority of its assets in high yield corporate debt, including domestic and foreign securities rated below investment-grade. It holds long positions proportionate to 140% of net assets and short positions equal to 40% of net assets. The high yield fund returned 31.67% over the last one year period.
As of April 2010, this high yield fund held 202 issues, with 1.66% of its total assets invested in Freescale Semicon 144A 9.25%.
Rydex/SGI High Yield A (SIHAX) invests the majority of its assets in a wide range of high-yield debt securities. These securities are generally rated below the top four investment grades by a renowned ratings firm. Up to 10% of the securities purchased by the fund may be in default at the time of purchase. The fund has a ten year annualized return of 7.04%.
David G. Toussaint is the fund manager and has managed this high yield fund since 2000.
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. It is a no load fund.
The high yield fund returned 33.52% in the last one year period and has a three year annualized return of 4.2%.
USAA High-Yield Opportunities (USHYX) seeks high current income with a secondary objective of capital appreciation. At least 80% of its assets are used to purchase high yield securities such as bonds, convertible securities and preferred stocks. The high yield fund has a ten year annualized return of 6.44%.
The high yield fund has a minimum initial investment of $3,000 and an expense ratio of 0.99% compared to a category average of 1.21%.
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