Best High-Yield Bond Funds For 2015 – Part 3

Best High-Yield Bond Funds For 2015 – Part 3

A Seeking Alpha Contribution

Summary

  • HYD has a higher yield and lower credit quality.
  • HYMB has higher credit quality and better total return history.
  • HYMB has large exposure to California.

In part one, we compared the two largest high-yield bond funds: iShares iBoxx $ High Yield Corporate Bond (NYSEARCA:HYG) and SPDR Barclays Capital High Yield Bond (NYSEARCA:JNK).

In part two, we compared two short-term high-yield bond funds: PIMCO 0-5 Year High Yield Corporate Bond (NYSEARCA:HYS) and SPDR Barclays Short Term High Yield Bond (NYSEARCA:SJNK).

In part three, we will look at the offerings in the high-yield municipal bond space: SPDR Nuveen S&P High Yield Municipal Bond (NYSEARCA:HYMB), Market Vectors High-Yield Municipal Index (NYSEARCA:HYD) and the much newer Market Vectors Short High-Yield Municipal Index (NYSEARCA:SHYD)…. To Continue Reading Please, Click Here.

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