4 Best-Ranked High-Yield Bond Mutual Funds To Scoop Up

As of September 2016, FHAIX held 283 issues, with 1.10% of its assets invested in Citigroup FRN.

MainStay High Yield Corporate Bond Investor (MHHIX - Free Report) invests the majority of its assets in high-yield corporate bonds issued by both U.S. and non-U.S. companies. MHHIX focuses on investing in those corporate debt securities that are ranked lower than investment-grade. The fund also invests nearly one-fifth of its assets in equity securities of companies. MainStay High Yield Corporate Bond Investor returned 14.2% over the past one year.

MHHIX has an expense ratio of 1.02% as compared to the category average of 1.06%.

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