This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Funds That May Defy Bond-Market Downturn

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

The Pioneer High-Yield Fund (TYHYX) has notched the top return in the high-yield bond category this year. It gets a four-star rating from Morningstar.

This $3 billion fund is up 5.6% this year and 23% over the past 12 months.

The fund seeks to maximize total returns through a combination of income and capital appreciation. It invests at least 80% of assets in high-yielding debt securities of any rating and preferred stocks, even those of firms that are in default or bankruptcy. The fund also invests in investment-grade and below-investment-grade convertible bonds and preferred stocks that are convertible into the equity securities of the issuer.

This fund is differentiated mostly by an affinity for convertible bonds, which can be as much as 20% of assets, notes a Morningstar analyst. The fund can also own equities and convertible preferred stocks, to as much as 20% of the portfolio, which is about eight times more than the typical high-yield fund category average.

The $9 billion Oppenheimer Global Strategic Fund (OPSIX), which gets two stars from Morningstar, is a multi-sector bond fund that divides the fund's assets among U.S. government, high-yield and foreign debt, including emerging-markets issues.

It has a 1.76% return this year and 15% over the past year.

The fund also uses derivatives for investment purposes or hedging, including options, futures, forward contracts, swaps and "structured" notes.

Top 10 holdings includes sovereign bonds from Poland, Turkey, Brazil, Japan and South Africa.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Readers Also Like:

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.82 -3.90%
FB $100.81 -8.80%
GOOG $683.57 -3.45%
TSLA $156.90 -11.00%
YHOO $27.97 -4.05%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs