The table continues with two exchange-traded funds that track broad U.S. corporate high-yield indexes. The State Street SPDR Portfolio High Yield Bond ETF SPHY is designed to track the performance of the ICE BofA U.S. High Yield Index. The State Street SPDR Bloomberg High Yield Bond ETF JNK tracks the Bloomberg High Yield Very Liquid Index of U.S. high-yield corporate bonds with "above average liquidity," per State Street's description of the fund.
Eight actively managed mutual funds follow. These are all of the funds on LSEG's list that are benchmarked to the Bloomberg U.S. Corporate High Yield Index, have total assets of at least $100 million and were launched at least 10 years ago. These are sorted by average returns for 10 years through May 31. There are more notes about the data below the table.
Note: The MML Barings High Yield Fund was known as MassMutual High Yield Fund until Feb. 1.
1-year return 3-year avg, return 5-year avg. return 10-year avg. return Net expense ratio
Intrepid Income Fund; Institutional 7.88% 9.69% 6.23% 5.83% 1.01%
