Metropolitan West High Yield
Yield-chasing is a big deal amid this low-interest-rate environment, so Metropolitan West High Yield (MUTF:MWHYX) is bound to catch the attention of many income investors with a SEC 30-day yield of 5.95% and 10-year annualized return of 9.53% through March 31.
While MWHYX didn’t hold up nearly as well during the four summer months back in 2011 — down 9.9%, including dividends — it has done just fine over the long-term. Morningstar gives this fund five stars for its weighted average return over the past three, five and 10 years. Furthermore, in recent years, it has seriously outperformed FPA’s fund.
In terms of risk, Metropolitan West High Yield is about average for bond funds. So for those with at least some risk appetite, MWHYX could be a great choice for summer.