Byrum is the fund manager and he has managed this high yield mutual fund since 2007. The high-yield mutual fund returned 18.84% over the last one year period. The fund may also invest in securities which as a whole mimic the performance of the U.S and Canadian high yield bond markets. Rydex High Yield Strategy A ( RYHDX) invests in high yield debt securities. The high yield mutual fund has a three year annualized return of 12.14%.Īs of February 2011, this high yield mutual fund held 340 issues, with 2.11% of its total assets invested in Deutsche Bank Repo Repo. It may also invest in fixed and floating rate loans. It may purchase foreign bonds as well as fixed-income securities denominated in foreign currencies. The fund invests the majority of its assets in corporate bonds, preferred stocks, government and asset backed securities. John Hancock2 High Yield 1 ( JIHDX) seeks high total return. The high yield mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.11% compared to a category average of 1.18%. This high yield mutual fund returned 19.57% over the last one year period. The fund may also purchase unrated securities of similar quality. Michael Weilheimer is the fund manager and she has managed this high yield mutual fund since 2000.ĭelaware High-Yield Opportunities A ( DHOAX) invests the majority of its assets in corporate bonds rated below investment-grade by renowned ratings firms such as Standard & Poors. The high yield mutual fund has a ten year annualized return of 7.89%. The majority of its assets are used to purchase junk bonds and related securities. Here are 10 top-performing mutual funds in a variety of sectors and their top stock picks: Fidelity Select Medical Delivery ( FSHCX) - Get Fidelity Select Health Care Svcs Report, with assets of. The fund uses an underlying fund with similar goals to invest in securities. Transamerica Partners High Yield Bond ( DVHYX) seeks high current income. The high yield mutual fund has an expense ratio of 1.15% compared to a category average of 1.18%. The high yield mutual fund has a five year annualized return of 6.22%. He fund may also purchase convertible securities, preferred stocks and invest in warrants and bank borrowings. MassMutual Premier High Yield A ( MPHAX) invests a large proportion of its assets fixed income securities with relatively lower ratings. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. Further, because the yield from such bonds is higher than investment grade securities, these investments are less susceptible to interest rate fluctuations.īelow we will share with you 5 top rated high yield mutual funds.
In addition, these funds provide better returns than investments with higher ratings, including government and corporate bonds. This is because these funds hold a wide range of such securities, significantly reducing portfolio risk.
Figures are calculated on a bid price to bid price basis or mid to mid for open-ended investment companies (OEICS), with net income (dividends) reinvested.For the average investor, high yield mutual funds are the best method to invest in bonds rated below investment grade, popularly known as junk bonds. The performance figures show the total return in sterling unless otherwise specified. Moreover, it is prudent to look at performance on a yearly basis in order to ensure a strong long term performance track record is not just the result of one outstanding year. Further research should be carried out to assess performance across different timeframes and market conditions.
The tables on this page simply offer a snapshot of the best-performing funds. Please do bear in mind that past performance is not a guide to future performance. Tax treatment depends on your individual circumstances and may be subject to change. Such funds tend to invest in a single country, sector or commodity, and are deemed more suitable for adventurous investors as they carry greater levels of risk than more conventional funds, such as a global or regional fund.įunds can be held in an ISA, SIPP, and other investment accounts. There is a real feeling of bullishness as the markets price in a return to normality, although investors need to be watchful as the coronavirus. You may see more specialist fund types featuring as the best-performing funds across the various timeframes. None of us will forget 2020 in a hurry, but from an investment standpoint it is possible that 2021 could be just as memorable. The tables on this page showcase the best-performing funds including both active and passive or index funds.