High Yield Debt Funds
These top performing closed end funds are selected based on its 1 year total return up to February 8, 2015. Most of these high yield bond funds may also be rated among the best in their category. I have also provided some details about its management, performance, expense ratio, initial investment requirement, risk, top holdings, etc.Best performing high yield bond closed end funds 2015 are:
- Babson Capital Corporate Investors Fund (MCI)
- Deutsche High Income Opportunities Fund (DHG)
- Deutsche High Income Trust Fund (KHI)
- Putnam High Income Securities Fund (PCF)
- Wells Fargo Advantage Income Opportunities Fund (EAD)
- New America High Income Fund (HYB)
- Prudential Global Short Duration High Yield Fund (GHY)
- BlackRock Corp High Yield Fund (HYT)
- First Trust Strategic High Income 2 (FHY)
- MFS Intermediate High Income Fund (CIF)
Babson Capital Corporate Investors Fund
This Babson Capital Corporate Investors Fund utilizes its assets to buy non-investment grade long term corporate debt obligations with equity features such as warrants, conversion rights and preferred shares. The fund manager is Raymond Abbott since 1971. This bond fund has total expense fee of 2.24%. The current yield is 7.55%.More: Best High Yield Closed End Funds for 2014
Morningstar has ranked this top performing high yield bond fund with 5 stars rating. This fund has returned 4.57% over the past 3 year, 12.61% over the past 5 year, and 9.29% over the past 10 year. This fixed income fund has an annual portfolio turnover rate of 34%.
Top 3 debt sectors are long duration corporate debt (60%), corporate bond (33.4%), and net current assets (3.7%).
Deutsche High Income Trust Fund
This Deutsche High Income Trust Fund is ranked with 3 star rating by Morningstar. With assets of $230 million, it is managed by Gary Sullivan. The expense fee is only 1.53%. It also has a high yield of 8.08%. The fund performance for the past 3 years is as follows:- Year 2014: 15.43%
- Year 2013: 5.93%
- Year 2012: -8.07%
Fund Performance
| Fund Name | Ticker | Yield | 1 Year Return |
|---|---|---|---|
| Babson Capital Corporate Invs | MCI | 7.55% | 12.51% |
| Deutsche High Income Oppos | DHG | 7.56% | 7.31% |
| Deutsche High Income Trust | KHI | 8.08% | 4.83% |
| Putnam High Income Securities | PCF | 4.53% | 4.43% |
| Wells Fargo Adv Inc Opp | EAD | 9.25% | 4.18% |
| New America High Income Fund | HYB | 8.56% | 4.13% |
| Prudential Global Short Dur Hi | GHY | 9.01% | 3.88% |
| BlackRock Corp High Yield | HYT | 7.91% | 3.87% |
| First Trust Strategic HighInc2 | FHY | 10.01% | 3.12% |
| MFS Intermediate High Income | CIF | 7.50% | 2.76% |
| Prudential Sht Duration Hi Yld | ISD | 8.95% | 1.96% |
| Neuberger Berman High Yield St | NHS | 8.63% | 1.15% |
| Babson Cap Global Short Durati | BGH | 9.57% | 0.62% |
| Ivy High Income Opportunities | IVH | 9.36% | 0.48% |
| Brookfield High Income Fund | HHY | 10.16% | 0.38% |
| Apollo Tactical Income Fund In | AIF | 8.59% | 0.32% |
| Invesco High Income II | VLT | 8.30% | 0.19% |
| Managed High Yield Plus | HYF | 8.57% | 0.13% |
| KKR Income Opportunities Fund | KIO | 9.16% | 0.03% |
More: Top 25 Highest Yield Closed End Funds 2013
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