Columbia High Yield Bond A (INEAX) a Zacks Rank #4 (Sell) invests the majority of its net assets in high-yielding, high risk corporate bonds (junk bonds). U.S. and foreign companies and governments may issue these bonds. INEAX offers dividends monthly and capital gains, if any are distributed by the end of the calendar year.
The Columbia High Yield Bond A fund, managed by Columbia, carries an expense ratio of 1.06%. Moreover, INEAX requires a minimal initial investment of $2,000.
INEAX’s performance, as of the last filing, when compared to funds in its category was in the top 60% over the past 10 years. To see funds having a Zacks Mutual Fund Rank #1 (Strong Buy) or #2 (Buy) in its category, please click here.
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Zacks Investment Research