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.

Fund Name

Adjusted Expense Ratio %

12 Month Yield %

Return Rank in Category 3Y %

Return Rank in Category 5Y %

Return Rank in Category 10Y %

1290 High Yield Bond Fund

0.750%

5.957%

64%

33%

—

AB High Income Fund

0.870%

7.761%

26%

93%

69%

AXS Sustainable Income Fund

0.990%

4.925%

95%

91%

95%

Access Flex High Yield ProFund

1.780%

3.570%

99%

89%

81%

Allspring High Yield Bond Fund

0.930%

5.780%

93%

80%

60%

Allspring Short-Term High Income Fd

0.810%

4.752%

65%

23%

75%

American Beacon SiM High Yld Opps Fund

0.750%

6.461%

American Century High Income Fund

0.580%

6.440%

22%

18%

American Century High-Yield Fund

0.800%

5.190%

87%

71%

75%

American Funds American High-Inc Tr

0.690%

6.042%

12%

30%

Angel Oak High Yield Opportunities Fund

0.650%

5.939%

13%

Aquila High Income Fund

1.010%

4.500%

79%

24%

39%

Aristotle High Yield Bond Fund

0.650%

6.115%

25%

34%

33%

Aristotle Strategic Credit Fund

0.620%

4.325%

74%

26%

—

Artisan High Income Fund

0.950%

6.987%

—

BNY Mellon High Yield

0.700%

6.111%

69%

60%

47%

BlackRock High Yield Bond Portfolio

0.510%

6.384%

26%

16%

BlackRock Sustainable High Yield Bond Fd

0.530%

5.449%

—

BrandywineGLOBAL - Corporate Credit Fund

0.880%

6.069%

33%

10%

BrandywineGLOBAL High Yield Fund

0.560%

6.896%

—

Brigade High Income Fund

0.530%

—

Buffalo High Yield Fund

1.020%

5.816%

10%

Calamos High Income Opportunities Fund

1.000%

5.935%

25%

51%

73%

Calvert High Yield Bond Fund

0.770%

5.243%

87%

69%

65%

Carillon Chartwell Short Duration HY Fd

0.490%

3.339%

85%

51%

—

Catalyst/SMH High Income Fund

1.480%

6.398%

27%

72%

99%

Changing Parameters Fund

2.300%

0.786%

24%

16%

City National Rochdale Fxd Inc Opps Fund

1.110%

8.520%

55%

98%

85%

Columbia High Yield Bond Fund

1.000%

5.266%

63%

34%

36%

Columbia Income Opportunities Fund

0.960%

5.175%

71%

56%

54%

Credit Suisse Strategic Income Fund

0.800%

7.305%

22%

DWS Global High Income Fund

0.600%

5.510%

62%

22%

15%

DWS High Income Fund

0.960%

5.464%

52%

20%

27%

Deer Park Total Return Credit Fund

1.760%

6.514%

87%

96%

—

Delaware High Yield Opportunities Fund

0.630%

6.362%

43%

20%

49%

Delaware Ivy High Income Fund

1.700%

6.970%

36%

91%

80%

Delaware Ivy High Yield

0.970%

6.826%

73%

53%

—

Dunham High Yield Bond Fund

1.190%

6.324%

48%

23%

54%

Eaton Vance High Income Opportunities Fd

1.660%

4.723%

16%

33%

30%

Eaton Vance Income Fund of Boston

1.000%

5.596%

28%

21%

22%

Eaton Vance Multi-Asset Credit Fund

0.730%

6.358%

32%

53%

48%

Eaton Vance Short Duration High IncomeFd

0.660%

5.761%

45%

28%

—

Empower High Yield Bond Fund

0.980%

3.361%

38%

29%

27%

Federated Hermes High-Yield Strat Port

0.030%

6.855%

—

Federated Hermes Institutional HY Bd Fd

0.500%

6.025%

65%

37%

17%

Federated Hermes Opport HY Bond Fd

0.980%

5.641%

15%

26%

10%

Federated Hermes SDG Eggm Hi Yld Crdt Fd

0.620%

2.411%

53%

—

Federated Hermes Sust High Yield Bond

0.900%

5.793%

69%

48%

41%

Fidelity Advisor® High Income Advtg Fund

1.000%

4.725%

Fidelity Advisor® High Income Fund

0.700%

5.357%

89%

85%

62%

Fidelity® Capital & Income Fund

0.670%

4.948%

Fidelity® Focused High Income Fund

0.750%

4.470%

94%

58%

57%

Fidelity® Global High Income Fund

0.900%

4.404%

47%

84%

51%

Fidelity® SAI High Income Fund

0.600%

5.466%

—

Fidelity® Series High Income Fund

0.000

6.463%

49%

29%

21%

Fidelity® Short Duration High Income Fd

0.750%

4.587%

83%

67%

—

First Eagle High Income Fund

0.690%

5.188%

34%

56%

63%

Franklin High Income Fund

0.780%

6.258%

32%

17%

45%

GMO High Yield Fund

0.460%

7.635%

37%

—

Goldman Sachs High Yield Fund

0.710%

5.977%

62%

59%

56%

Guggenheim High Yield Fund

1.090%

5.891%

31%

55%

18%

Hartford High Yield Fund

0.660%

5.662%

49%

30%

Hotchkis & Wiley High Yield Fund

0.700%

5.668%

75%

37%

Impax High Yield Bond Fund

0.920%

5.368%

93%

69%

80%

Integrity High Income Fund

0.990%

5.168%

52%

21%

24%

Invesco High Yield Bond Factor Fund

0.390%

7.034%

64%

65%

—

Invesco High Yield Fund

1.030%

5.282%

39%

77%

76%

JHFunds2 High Yield Fund

0.830%

6.847%

48%

62%

71%

JPMorgan High Yield Fund

0.650%

6.535%

56%

57%

49%

Janus Henderson High-Yield Fund

0.760%

6.066%

70%

49%

Lazard US Corporate Income Portfolio

0.590%

4.325%

90%

63%

56%

Loomis Sayles High Income Fund

1.010%

6.459%

75%

91%

82%

Loomis Sayles High Income Opps Fund

0.000

7.310%

66%

49%

12%

Loomis Sayles Institutional High Inc Fd

0.700%

4.901%

13%

81%

29%

Lord Abbett High Yield Fund

0.900%

6.152%

49%

84%

25%

Lord Abbett Short Duration High Yield Fd

0.420%

7.359%

—

MFS Global High Yield Fund

0.810%

9.244%

77%

60%

49%

MFS High Income Fund

0.880%

5.507%

87%

58%

54%

MFS High Yield Pooled Portfolio

0.020%

6.236%

—

MainStay MacKay High Yield Corp Bd Fd

1.840%

4.281%

58%

67%

59%

MainStay MacKay Short Duration Hi Yld Fd

0.770%

5.242%

14%

15%

14%

Manning & Napier High Yield Bond Series

0.910%

7.157%

MassMutual Global Credit Income Opps

0.870%

7.808%

11%

82%

—

MassMutual High Yield Fund

0.750%

6.264%

41%

39%

11%

Mesirow High Yield Fund

0.750%

9.516%

—

Metropolitan West High Yield Bond Fund

0.850%

5.798%

88%

19%

56%

Metropolitan West Oppc Hi Inc Crdt Fd

0.600%

8.850%

—

Morgan Stanley Inst High Yield Port

0.650%

6.481%

34%

68%

14%

Morgan Stanley Pathway Hi Yld Fd

0.870%

6.460%

92%

83%

88%

Muzinich U.S. High Yield Credit Fd

0.580%

6.112%

76%

52%

—

Nationwide Amundi Global High Yield Fund

0.700%

8.779%

32%

80%

—

Neuberger Berman High Income Bond Fund

0.880%

6.366%

62%

58%

60%

Northeast Investors Trust

2.680%

5.523%

40%

98%

100%

Northern High Yield Fixed Income Fund

0.600%

6.643%

18%

35%

Northern Multi-Manager Hi Yld Opp Fund

0.870%

6.705%

17%

50%

33%

Nuveen Credit Income Fund

0.750%

6.374%

33%

77%

74%

Nuveen High Yield Income Fund

0.750%

6.073%

39%

52%

36%

Oakhurst Short Duration High Yld Crdt Fd

0.960%

6.217%

68%

76%

—

Osterweis Short Duration Credit Fund

0.850%

8.161%

97%

96%

Osterweis Strategic Income Fund

0.840%

4.822%

34%

31%

34%

High Yield Bond Funds

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