As of 10-31-2018


  • Pursues a high level of current income.
  • Invests in below-investment-grade securities, providing exposure to the higher-yielding, lower-rated, corporate bond market.
  • Offers the potential for attractive relative total returns in economic recoveries through ratings upgrades or improved performance of issuers.
  • Provides portfolio diversification; historically, high-yield bond performance has not been correlated to other types of bonds.
  • Features a track record of more than 30 years; consistent management since inception.

Key Investment Team


Symbol   FHYLX
Fund Number(s)   430
Newspaper Listing   HiYldL
CUSIP   314197807
Benchmark   Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Performance Inception Date   08-23-1984
Fiscal Year-End   2-29

Morningstar Ratings™

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    Funds in Category
Overall 603
3 Year 603
5 Year 505
10 Year 332
Based on risk adjusted total return. The overall rating is derived from a weighted average of the fund’s three-, five-, and ten-year average annual returns, as applicable.

Morningstar Category & Style

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Category High Yield Bond