Barron's Suggest 7 Income Funds

Make sure to consult with your financial advisor.  

BlackRock High Yield Bond (BHYAX) is a good choice for investors who want to put some assets in junk bonds, which can be volatile, but may hold up better in a rising rate environment than investment grade bonds. Janachowski calls this “one of the best managed high-yield funds.” It has a 5.06% trailing 12-month yield and a three-year average annual return of 8.72%. It shouldn’t make up more than 5% or 10% of a total portfolio, however.