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|
| Morningstar Ratings |
|
Morningstar Return |
Morningstar Risk |
Morningstar Rating |
Number of Funds |
|
| 3-Year | Average | Below Avg |  |
588 |
| 5-Year | Below Avg | Above Avg |  |
553 |
| 10-Year | Below Avg | Above Avg | |
422 |
| Overall | Below Avg | Above Avg | |
588 |
 |
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| Morningstar Category: High Yield Bond | Number of Funds in Category: 588 | ||||
| Data through 2024-10-31 | ||||
| Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. |
| Volatility Measurements |
| Standard Deviation | 7.17 |
| Mean | 2.40 |
| Sharpe Ratio | -0.19 |
|
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| Trailing 3-Yr as of 2024-10-31 |
| Modern Portfolio Theory Statistics |
| Best Fit Index Morningstar US HY Bd TR USD |
|
| R-Squared | 94 |
| Beta | 0.80 |
| Alpha | -0.84 |
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| Trailing 3-Yr as of 2024-10-31 |
| Principal Risks | |
| Lending, Credit and Counterparty, Extension, Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, High Portfolio Turnover, Interest Rate, Market/Market Volatility, Convertible Securities, Equity Securities, High-Yield Securities, Industry and Sector Investing, Inverse Floaters, Mortgage-Backed and Asset-Backed Securities, Municipal Obligations, Leases, and AMT-Subject Bonds, Other, Preferred Stocks, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, Warrants, U.S. Government Obligations, Derivatives, Leverage, Pricing, Socially Conscious, Increase in Expenses, Shareholder Activity, Amortized Cost, China Region, Credit Default Swaps, Forwards, Management, Zero-Coupon Bond |
| Show Risk Definitions |
| Investment Risks |
| High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risk because of the lower credit quality of the securities in the portfolio. There are risks associated with the possibility of a higher level of volatility and increased risk of default. |
| Show Data Definitions |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold. |