For Immediate Release 

Chicago, IL – March 15, 2010 – Today features the Top 5 High Yield funds;  Nuveen Preferred Securities A (NPSAX), Fidelity High Income (SPHIX), Rydex/SGI High Yield A (SIHAX) , Northeast Investors (NTHEX) and MFS High Yield Opportunities A (MHOAX).

These High Yield funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future. provides exclusive ratings on over 18,000 funds in 42 different categories. To learn more about Zacks Mutual Fund Rank, click here.

Zacks #1 Ranked High Yield Funds

Nuveen Preferred Securities A (NPSAX) invests the majority of its assets in preferred securities, more than half of which have been highly rated by an independent agency. Up to 35% of its assets may be used to purchase dollar denominated foreign securities. No more than 40% of its assets may be invested in securities rated below investment grade. This high yield fund returned 65% over the last one year period.

The high yield fund has a minimum initial investment of $3,000 and an expense ratio of 0.94% compared to a category average of 0.88%.

Fidelity High Income (SPHIX) seeks high levels of current income, but may also look to return capital gains. It focuses on debt securities of comparatively low quality and may also invest in preferred stocks and convertible securities. It is a no-load fund.

The fund returned 44.69% in 2009 and has a five year annualized return of 6.64%.

Rydex/SGI High Yield A (SIHAX) invests at least 80% of its assets rated in a wide range of high-yield debt securities. These are securities generally rated below the top four investment grades by ratings firms. Up to 10% of the securities purchased by this fund may be in default at the time of purchase. The fund has a three year annualized return of 6.45%.

As of January 2010, this high yield fund held 184 issues, with 2.35% of its total assets invested in Energy Xxi Gulf Coast 10%.

Northeast Investors (NTHEX) primarily seeks to generate income. It focuses on purchasing debt securities rated below investment grade or similar unrated securities. The fund has a ten year annualized return of 4.4%.

Ernest E. Monrad is the fund manager and he has managed this high yield fund since 1960.

MFS High Yield Opportunities A (MHOAX) invests a large share of its assets in debt securities which generate high levels of income. The fund may purchase foreign securities, including those issued from emerging markets. The fund returned 49.74% over the last one year period.

The fund has an expense ratio of 0.95% compared to a category average of 1.21%.

To view the Zacks Rank and past performance of all high yield funds, then click here.

About Zacks Mutual Fund Rank

The Zacks Mutual Fund Rank is a quantitative ratings system created by Len Zacks, a PHD in mathematics from MIT. The goal of the rank is simple; goal to help investors find the best mutual funds to beat the market.

To discover how the Zacks mutual fund rank works and to receive daily notifications on our fund rankings, click here:

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms.  It monitors more than 200,000 earnings estimates, looking for changes.

Then when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories:  #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock picking system; the Zacks Rank, continues to outperform the market by nearly a 3 to 1 margin.

To discover all Zacks has to offer investors like yourself, then go to our home page at

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Jim Giaquinto
Phone: 312-265-9149



Zacks Investment Research