High Yield Bond Fund
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Fund Overview
Advisor
Mason Street Advisors, LLC
Subadvisor
Federated Investment Management Company
Objective/Focus:
Normally invests at least 80% of net assets in non-investment grade debt securities. The objective is to achieve high current income and capital appreciation.
Asset Class:
Bond
Style:
Medium/Low Credit Quality, Moderate Interest Rate Sensitivity
Bonds and other debt obligations are affected by changes in interest rates, inflation risk and the creditworthiness of their issuers. High yield bonds generally have greater price swings and higher default risks than investment grade bonds. Return of principal is not guaranteed. In contrast to owning individual bonds, there are ongoing fees and expenses associated with owning shares of bond funds.
Fund Facts as of 9/30/2024
Fund Inception
05-03-1994
First Available for Variable Annuity
05-03-1994
First Available for Variable Life
05-03-1994
Net Assets
$704.2 Million
Top 10 Portfolio Holdings % of Net Assets
Ford Motor Credit Co. LLC, Various
2.20%
CCO Holdings LLC / CCO Holdings Capital Corp., Various
1.90%
TransDigm, Inc., Various
1.60%
HUB International, Ltd., Various
1.60%
CSC Holdings LLC, Various
1.10%
Tenet Healthcare Corp., Various
1.10%
Garda World Security Corp., Various
1.10%
EQM Midstream Partners LP, Various
1.10%
Medline Borrower LP, Various
1.10%
1011778 BC ULC / New Red Finance, Inc., Various
1.00%
Total % of Net Assets
13.80%
Download Publicly Disclosed HoldingsSector Weightings % of Equities
Consumer, Cyclical
20.50%
Industrial
13.40%
Consumer, Non-Cyclical
12.90%
Communications
11.50%
Financial
11.40%
Technology
10.40%
Energy
10.10%
Short-Term Investments & Other Net Assets
4.00%
Basic Materials
3.40%
Utilities
2.20%
Diversified
0.20%