What is High Yield Bond Mutual Funds?

High yield bond funds mainly 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 rating agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.
Best High Yield Bond Mutual Funds 2017
Top 5 high yield bond mutual funds for 2017 are:- Artisan High Income Fund (ARTFX)
- Fairholme Focused Income Fund (FOCIX)
- Fidelity Capital & Income Fund (FAGIX)