Today we are featuring top-performing "Corporate High Yield" fixed income mutual funds, which primarily seek high current income through investment in lower-rated corporate bonds.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Corporate High Yield Fixed Income Funds.

3 Solid Samples

PIMCO Fundamental Advantage Total Return Institutional (PFATX) seeks long-term growth of capital. The fund invests at least 80% of its assets in equity securities and derivatives in the technology-related sector.

The fund invests at least 50% of its gross income or its net sales income from activities in the sector. The fund may invest its assets in foreign securities.

Unit holders have to make a minimum initial investment of $5,000,000 to enter this Zacks#1 Rank ("Strong Buy") fund. As of June 2009, its portfolio turnover was 621%.

William H. Gross has been lead manager of the fund since February 2008. Gross is a Chartered Financial

Today we are featuring top-performing "Corporate High Yield" fixed income mutual funds, which primarily seek high current income through investment in lower-rated corporate bonds.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Corporate High Yield Fixed Income Funds.3 Solid Samples

Iron Strategic Income (IFUNX) seeks to maximize total return through strategic re-allocation of assets among fixed income securities, with a bias towards high yield. It is non-diversified.

The fund may invest up to 15% of net assets in illiquid securities. It seeks to provide competitive returns in rising markets and greater stability in declining markets.

Unit holders have to make a minimum initial investment of $10,000 to enter this Zacks#1 Rank ("Strong Buy") fund. It has an expense ratio of 1.22%.

Wilmington Broad Market Bond A (WBRBX) was incepted in December

Today we are featuring top-performing "Corporate High Yield" fixed income mutual funds, which seek high current income by primarily investing in lower-rated corporate bonds.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Corporate High Yield Fixed Income Funds.3 Solid Samples

Rydex Inverse High Yield Strategy A (RYILX) was incepted in April 2007. It seeks to provide investments results that correlate to the performance of the high yield bond market.

The fund seeks to gain inverse exposure to the performance of the high yield bond market by investing in credit default swaps, futures and other financial instruments with economic characteristics opposite to that of high yield bond market.

Unit holders have to make a minimum initial investment of $2,500 to enter the fund. It distributes dividends annually.

Calvert