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Yield to worst is the lowest potential yield an investor can receive on a bond, considering all possible scenarios. Yield to call, on the other hand, is the yield an investor would receive if the bond is called by the issuer before it matures.
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The symbol for Credit Suisse High Yield Bond Fund in the AMEX is: DHY.
High Yield Savings Bond describes bonds that have high rates of return. These bonds are usually ranked low as they have a higher chance of defaulting.
Credit Suisse High Yield Bond Fund (DHY) had its IPO in 1998.
Yield to worst is the lowest possible yield an investor can receive on a bond, taking into account all potential scenarios. Yield to maturity, on the other hand, is the average return an investor can expect if they hold the bond until it matures.
As of July 2014, the market cap for Credit Suisse High Yield Bond Fund (DHY) is $315,785,882.21
The symbol for WisdomTree BofA Merrill Lynch High Yield Bond Negative Duratio in NASDAQ is: HYND.
The current yield on a corporate bond is calculated by taking the bond's annual coupon payment and dividing it by the bond's current market price. The formula is: Current Yield = (Annual Coupon Payment / Current Market Price) × 100. This calculation provides an indication of the income generated by the bond relative to its market value, reflecting the yield an investor would receive if they purchased the bond at its current price.
The yield to maturity (YTM) of a discount bond is greater than the bond's current yield because the YTM takes into account the total return an investor would receive if they hold the bond until maturity, including the capital gain from buying the bond at a discount. The current yield only considers the annual interest payments relative to the bond's current price, without factoring in the potential gain from the bond reaching its full face value at maturity.
High yield bond ( Junk bonds) funds own the debt of companies with less than stellar credit. The yield is higher to compensate the the increased risk that the fund and its investors are more likely to lose money as compared to a bond fund holding higher rated debt.
A list of high-yield funds can be found at http://www.bloomberg.com/markets/funds/govt-corp-high-yield/. A different list can be found at http://money.usnews.com/funds/mutual-funds/rankings/high-yield-bond.