High Yield Bond Funds
High-yield bond portfolios concentrate on lower-quality bonds, which are riskier than those of higher- quality companies. These portfolios generally offer higher yields than other types of portfolios, but they are also more vulnerable to economic and credit risk. These portfolios primarily invest in U.S. high- income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor’s or Moody’s at the level of BB (considered speculative for taxable bonds) and below.
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Name
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Ticker
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Morningstar Category
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Fund Size
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SEC 30-Day Yield
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TTM Yield
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Total Return Rank in Category
3 Year
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Total Return Rank in Category
5 Year
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Total Return Rank in Category
10 Year
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Adjusted Expense Ratio
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Minimum Initial Investment
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Share Class Type
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Investment Status
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buffalo High-Yield | BUFHX | High Yield Bond | 473.82 Mil | — | 7.51% | 5 | 3 | 7 | 1.030% | $2,500 | No Load | Open |
| T. Rowe Price US High Yield | TUHYX | High Yield Bond | 471.93 Mil | 7.69% | 6.83% | 80 | 47 | — | 0.750% | $2,500 | No Load | Open |
| T. Rowe Price US High Yield Advisor | TUHAX | High Yield Bond | 471.93 Mil | 7.54% | 6.70% | 85 | 53 | 18 | 0.900% | $2,500 | No Load | Open |
| Metropolitan West High Yield Bond M | MWHYX | High Yield Bond | 450.73 Mil | 6.49% | 6.05% | 87 | 51 | 61 | 0.860% | $5,000 | No Load | Open |
| Voya High Yield Port S | IPHYX | High Yield Bond | 450.14 Mil | 7.03% | 5.94% | 80 | 71 | 45 | 0.720% | — | No Load | Open |
| Empower High Yield Bond Inv | MXHYX | High Yield Bond | 424.88 Mil | — | 5.38% | 87 | 37 | 38 | 0.980% | — | No Load | Open |
| RiverPark Strategic Income Retail | RSIVX | High Yield Bond | 414.16 Mil | 8.08% | 7.13% | 2 | 15 | 36 | 1.190% | $2,500 | No Load | Open |
| VALIC Company I High Yield Bond | VHYLX | High Yield Bond | 412.61 Mil | 6.74% | 5.94% | 56 | 36 | 32 | 0.680% | — | No Load | Open |
| Voya High Yield Bond W | IHYWX | High Yield Bond | 399.71 Mil | 6.89% | 6.03% | 80 | 72 | 48 | 0.780% | $1,000 | No Load | Open |
| MassMutual High Yield Svc | DLHYX | High Yield Bond | 377.08 Mil | 7.89% | 5.99% | 33 | 33 | 14 | 0.740% | — | No Load | Open |
| MassMutual High Yield Adm | MPHLX | High Yield Bond | 377.08 Mil | 7.80% | 5.91% | 35 | 37 | 21 | 0.840% | — | No Load | Open |
| T. Rowe Price Global High Income Bd Adv | PAIHX | High Yield Bond | 358.04 Mil | 7.06% | 5.93% | 78 | 64 | — | 0.960% | $2,500 | No Load | Open |
| T. Rowe Price Global High Income Bd | RPIHX | High Yield Bond | 358.04 Mil | 7.26% | 6.11% | 69 | 53 | — | 0.750% | $2,500 | No Load | Open |
| DWS Global High Income S | SGHSX | High Yield Bond | 320.68 Mil | 6.50% | 5.53% | 45 | 42 | 17 | 0.760% | $2,500 | No Load | Open |
| Polen Opportunistic High Yield - Inv | DDJRX | High Yield Bond | 313.64 Mil | 10.14% | 7.98% | 51 | 93 | — | 1.140% | $3,000 | No Load | Open |
| Carillon Chartwell Short Dur Hgh Yld I | CWFIX | High Yield Bond | 247.46 Mil | 6.19% | 4.76% | 27 | 70 | — | 0.490% | $1,000 | No Load | Open |
| Fidelity Short Duration High Income | FSAHX | High Yield Bond | 228.45 Mil | 7.11% | 6.21% | 26 | 64 | 76 | 0.640% | — | No Load | Open |
| Fidelity Focused High Income | FHIFX | High Yield Bond | 200.38 Mil | 6.04% | 4.55% | 81 | 88 | 62 | 0.750% | — | No Load | Open |
| JHFunds2 High Yield 1 | JIHDX | High Yield Bond | 195.80 Mil | — | 7.14% | 77 | 59 | 68 | 0.860% | — | No Load | Open |
| Guggenheim High Yield P | SIHPX | High Yield Bond | 193.81 Mil | 7.19% | 5.75% | 31 | 50 | — | 0.910% | — | No Load | Open |
| PACE High Yield P | PHYPX | High Yield Bond | 187.32 Mil | 7.44% | 6.32% | 80 | 50 | 41 | 0.880% | $10,000 | No Load | Open |
| PACE High Yield P2 | PHDTX | High Yield Bond | 187.32 Mil | 7.77% | 5.88% | — | — | — | 0.500% | — | No Load | Open |
| T. Rowe Price Credit Opportunities | PRCPX | High Yield Bond | 185.55 Mil | 7.23% | 6.44% | 21 | 21 | 47 | 0.810% | $2,500 | No Load | Open |
| T. Rowe Price Credit Opportunities Adv | PAOPX | High Yield Bond | 185.55 Mil | 7.13% | 6.35% | 25 | 27 | 55 | 0.910% | $2,500 | No Load | Open |
| Northern Multi-Manager Hi Yld Opp | NMHYX | High Yield Bond | 175.07 Mil | 7.29% | 7.31% | 36 | 39 | 33 | 0.680% | $2,500 | No Load | Open |
| PIA High Yield (MACS) Mgd Acct Cmpltn | PIAMX | High Yield Bond | 169.60 Mil | 10.00% | 8.32% | 6 | 2 | — | 0.200% | $1,000 | No Load | Open |
| Lazard US High Yield Portfolio Open | LZHOX | High Yield Bond | 166.99 Mil | 0.06% | 3.94% | 92 | 95 | 83 | 0.830% | $2,500 | No Load | Open |
| GMO High Yield I | GMOZX | High Yield Bond | 153.17 Mil | 3.65% | 4.26% | — | — | — | 0.590% | — | No Load | Open |
| Mesirow High Yield Inv | MFHVX | High Yield Bond | 139.13 Mil | 9.96% | 9.75% | 18 | 6 | — | 1.000% | $5,000 | No Load | Open |
| Northeast Investors Trust | NTHEX | High Yield Bond | 133.24 Mil | — | 4.95% | 6 | 96 | 100 | 2.200% | $1,000 | No Load | Open |
| Morgan Stanley Pathway Hi Yld | THYUX | High Yield Bond | 129.39 Mil | — | 6.78% | 71 | 91 | 92 | 0.970% | $1,000 | No Load | Open |
| Voya VACS Series Hyb | VVITX | High Yield Bond | 126.08 Mil | 7.61% | 7.38% | — | — | — | — | — | No Load | Open |
| Touchstone High Yield Y | THYYX | High Yield Bond | 103.89 Mil | 6.64% | 5.97% | 50 | 68 | 67 | 0.800% | $2,500 | No Load | Open |
| American Century High-Yield Inv | ABHIX | High Yield Bond | 91.93 Mil | 5.69% | 5.05% | 91 | 87 | 82 | 0.790% | $2,500 | No Load | Open |
| Changing Parameters | CPMPX | High Yield Bond | 89.91 Mil | — | 2.95% | 16 | 5 | 21 | 2.450% | $2,500 | No Load | Open |
| Fidelity Global High Income | FGHNX | High Yield Bond | 74.00 Mil | 6.62% | 4.71% | 88 | 75 | 53 | 0.800% | — | No Load | Open |
| Segall Bryant & Hamill Qua Hi Yld Retail | WTLTX | High Yield Bond | 67.31 Mil | 6.18% | 4.38% | 47 | 51 | 24 | 0.850% | $2,500 | No Load | Open |
| RiverNorth/Oaktree High Income R | RNOTX | High Yield Bond | 54.17 Mil | 6.20% | 6.15% | 23 | 67 | 71 | 2.270% | $5,000 | No Load | Open |
| TCW High Yield Bond N | TGHNX | High Yield Bond | 45.21 Mil | 6.67% | 5.73% | 66 | 40 | 29 | 0.800% | $2,000 | No Load | Open |
| Rydex High Yield Strategy H | RYHGX | High Yield Bond | 33.41 Mil | — | 3.98% | 90 | 98 | 77 | 1.570% | $2,500 | No Load | Open |
| Federated Hermes High Yield Strategy | FHYSX | High Yield Bond | 28.86 Mil | 6.36% | 5.87% | — | — | — | 0.040% | — | No Load | Open |
| Access Flex High Yield ProFund Inv | FYAIX | High Yield Bond | 10.31 Mil | — | 7.09% | 71 | 97 | 83 | 1.680% | $15,000 | No Load | Open |
| Invesco SMA High Yield Bond | SMHYX | High Yield Bond | 10.14 Mil | — | 8.21% | — | — | — | — | $1,000 | No Load | Open |
| AMG GW&K High Income N | MGGBX | High Yield Bond | 7.78 Mil | 5.64% | 5.12% | 50 | 23 | 87 | 0.840% | $2,000 | No Load | Open |
| Metropolitan West Oppc Hi Inc Crdt M | MWORX | High Yield Bond | 1.46 Mil | 8.84% | 7.04% | — | — | — | 0.860% | $5,000 | No Load | Open |
High Yield Bond Funds - Default List Criteria
This list is limited to US mutual funds that are primarily used by individual or retail investors.
SEC Yield is based on a 30-day period ending on the last day of the previous month. It is computed by dividing the net investment incomes per share earned during the period by the maximum offering price per share on the last day of the period. The figure listed lags by one month. When a dash appears, the yield available is more than 30 days old.