High Yield Bond Funds | Morningstar (2024)

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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.

Name

Ticker

Morningstar Category

Fund Size

SEC 30-Day Yield

TTM Yield

Total Return Rank in Category

3 Year

Total Return Rank in Category

5 Year

Total Return Rank in Category

10 Year

Adjusted Expense Ratio

Minimum Initial Investment

Share Class Type

Investment Status

Vanguard High-Yield Corporate InvVWEHXHigh Yield Bond23.50 Bil6.57%6.00%5053250.220%$3,000No LoadOpen
BlackRock High Yield Bond SvcBHYSXHigh Yield Bond22.21 Bil6.94%6.73%3427220.850%$5,000No LoadOpen
American Funds American High-Inc F1AHTFXHigh Yield Bond20.07 Bil7.09%6.53%2418240.730%$250No LoadOpen
American Funds American High-Inc 529F1CITFXHigh Yield Bond20.07 Bil7.28%2111140.790%$250No LoadOpen
American Funds American High-Inc 529-F-2FAHHXHigh Yield Bond20.07 Bil7.37%200.440%$250No LoadOpen
American Funds American High-Inc 529-F-3FTAHXHigh Yield Bond20.07 Bil7.41%190.380%$250No LoadOpen
American Funds American High-Inc F2AHIFXHigh Yield Bond20.07 Bil7.39%6.83%2010120.430%$250No LoadOpen
fa*gIXHigh Yield Bond12.61 Bil6.05%5.28%9110.690%No LoadOpen
Artisan High Income InvestorARTFXHigh Yield Bond8.42 Bil7.49%22520.960%$1,000No LoadLimited
Six Circles Credit OpportunitiesCRDOXHigh Yield Bond7.45 Bil7.62%680.290%No LoadOpen
T. Rowe Price High YieldPRHYXHigh Yield Bond6.72 Bil7.23%6.54%5350380.700%$2,500No LoadOpen
T. Rowe Price High Yield AdvPAHIXHigh Yield Bond6.72 Bil6.87%6.21%6365521.030%$2,500No LoadOpen
Osterweis Strategic IncomeOSTIXHigh Yield Bond5.41 Bil6.33%5.73%514170.860%$5,000No LoadOpen
Lord Abbett Short Duration High Yield F3LSYNXHigh Yield Bond4.19 Bil8.27%40.360%No LoadOpen
Lord Abbett Short Duration High Yield FLSYFXHigh Yield Bond4.19 Bil8.21%80.450%No LoadOpen
Lord Abbett High Yield FLHYFXHigh Yield Bond3.63 Bil7.47%6.91%9383380.820%No LoadOpen
Lord Abbett High Yield F3LHYOXHigh Yield Bond3.63 Bil7.69%7.12%90750.610%No LoadOpen
AB High Income AdvisorAGDYXHigh Yield Bond3.12 Bil10.87%7.56%3645440.590%No LoadOpen
Northern High Yield Fixed IncomeNHFIXHigh Yield Bond2.65 Bil7.71%6.71%5433410.600%$2,500No LoadOpen
Fidelity High IncomeSPHIXHigh Yield Bond2.63 Bil7.57%5.64%6991590.740%No LoadOpen
American Century High Income GACHFXHigh Yield Bond2.17 Bil0.07%7.14%No LoadOpen
American Century High Income InvestorAHIVXHigh Yield Bond2.17 Bil6.44%6.37%50250.780%$2,500No LoadOpen
Shenkman Capital Short Dur Hi Inc FSCFFXHigh Yield Bond1.97 Bil5.96%5.49%1458730.750%$1,000No LoadOpen
Nuveen High Yield WTIHWXHigh Yield Bond1.96 Bil7.52%6.67%2737No LoadOpen
Nuveen High Yield PremierTIHPXHigh Yield Bond1.96 Bil6.93%6.16%3761400.510%No LoadOpen
City National Rochdale Fxd Inc Opps NRIMOXHigh Yield Bond1.95 Bil7.98%6.50%7494781.270%No LoadOpen
Goldman Sachs High Yield InvGSHTXHigh Yield Bond1.94 Bil6.82%6.22%8472720.730%No LoadOpen
Goldman Sachs High Yield PGGMPXHigh Yield Bond1.94 Bil6.87%6.27%82690.670%No LoadOpen
Goldman Sachs High Yield SvcGSHSXHigh Yield Bond1.94 Bil6.36%5.77%9290861.180%No LoadOpen
Fidelity SAI High IncomeFSHGXHigh Yield Bond1.56 Bil7.67%5.72%640.590%No LoadOpen
American Beacon SiM High Yld Opps InvSHYPXHigh Yield Bond1.49 Bil6.98%6.52%13741.100%$2,500No LoadOpen
Columbia High Yield Bond AdvCYLRXHigh Yield Bond1.38 Bil6.83%5.84%5332260.730%$2,000No LoadOpen
Strategic Advisers Income OpportunitiesFPIOXHigh Yield Bond1.38 Bil6.23%3939340.570%No LoadOpen
Victory High IncomeUSHYXHigh Yield Bond1.02 Bil8.21%7.67%6172690.790%$3,000No LoadOpen
Invesco High Yield InvestorHYINXHigh Yield Bond916.20 Mil6.62%6.64%7086831.040%$1,000No LoadLimited
MNHYXHigh Yield Bond853.99 Mil8.17%6.53%3230.910%$2,000No LoadOpen
MHYWXHigh Yield Bond853.99 Mil8.98%7.28%110.110%No LoadOpen
RiverPark Short Term High Yield RetailRPHYXHigh Yield Bond783.24 Mil4.91%5.41%579881.190%$1,000No LoadOpen
Columbia Income Opportunities AdvCPPRXHigh Yield Bond757.65 Mil6.50%5.63%5263460.710%$2,000No LoadOpen
Janus Henderson High-Yield SJDHYXHigh Yield Bond743.38 Mil6.74%6.16%9789831.130%$2,500No LoadOpen
Janus Henderson High-Yield TJAHYXHigh Yield Bond743.38 Mil7.00%6.42%9682700.880%$2,500No LoadOpen
Janus Henderson High-Yield DJNHYXHigh Yield Bond743.38 Mil7.12%6.52%9578630.770%$2,500No LoadLimited
Payden High Income AdvPYRLXHigh Yield Bond725.06 Mil0.850%$5,000No LoadOpen
Thrivent High Yield SLBHIXHigh Yield Bond670.25 Mil7.45%6.05%5783610.550%$2,000No LoadOpen
MFS High Yield PooledHYPPXHigh Yield Bond628.12 Mil6.77%0.020%Open
Neuberger Berman High Income Bond ENHIEXHigh Yield Bond620.29 Mil7.83%7.55%0.090%No LoadOpen
Neuberger Berman High Income Bond InvNHINXHigh Yield Bond620.29 Mil7.01%6.77%8465700.880%$2,000No LoadLimited
Impax High Yield Bond InvestorPAXHXHigh Yield Bond533.48 Mil6.59%5.58%9784890.930%$1,000No LoadOpen
Touchstone Ares Credit Opps YTMAYXHigh Yield Bond519.15 Mil7.59%8.33%13100.840%$2,500No LoadOpen
DWS High Income SKHYSXHigh Yield Bond517.21 Mil6.60%6.20%3931290.750%$2,500No LoadOpen

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.

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High Yield Bond Funds | Morningstar (2024)
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