You can invest in a high-yield bond fund if you are an individual investor. While choosing a high-yield bond, consider the type of account and see if it can diversify your portfolio. High-yield bonds, or junk bonds, have a lower credit rating, and many mutual funds invest in them. However, individual investors assess the risk and invest in them for higher profits. Here is a list of ten high-yield bonds that you can consider.

RBC BlueBay High-Yield Bond Fund

The RBC BlueBay High-Yield Bond Fund (RHYAX) invest around 80% of their assets into securities or investment that share similar economic characteristics. This is compared to other fixed-income securities like high-yield bonds, which are essentially non-investment grades. Investors expect a high rate of total return facilitated by capital and income appreciation.

Federated Hermes High-Yield Strat Port

Federated Hermes High-Yield Strat Port (FHYSX) aims at receiving high current incomes by investing in a portfolio consisting of fixed securities and investing in a mutual fund that deals with high-yield bonds. The fund invests mainly in the High-Yield Bond Core Fund, a collection of investments under the Federated Hermes Core Trust. This fund subsequently invests in domestic corporate high-yield bonds.

American Century NT High Income Fund

The American Century NT High Income Fund aims to increase its current yield and substantial capital growth. They invest in high-yield corporate bonds and other securities below the investment grade. Mostly the fund invests in US-denominated securities, but they may also invest in foreign securities. It has returned 7.25% over the past year.

Fidelity Advisor® High Income Advtg Fund

Fidelity Advisor® High Income Advtg Fund (FAHDX) aims to achieve substantial capital gains and increase current income levels through high-yield bonds. The fund invests in debt securities and defaulting securities and aids companies in a troubled fiscal position. The fund performance has gradually improved ad has returned 11.29% over the past year.

iShares ESG Advanced High-Yield Corporate Bond ETF

iShares ESG Advanced High-Yield Corporate Bond ETF, commonly referred to as HYFX, is essentially a pooled investment fund where you can gain coverage with high-yield bonds issued in favorable conditions. The issuers of these bonds primarily have a good rating for transparency, governance, and various other social metrics for high-yield bonds. Through the exchange-traded fund (ETF), you can track the investments and returns of dollar-denominated high-yield bonds.

FlexShares High-Yield Value-Scored Bond Index Fund

FlexShares High-Yield Value-Scored Bond Index Fund (HYGV) has had a fairly good year with an annual dividend yield of 5.98%. The issuer is Northern Trust, and the fund tracks the Northern Trust high-yield corporate bond index, and more than 85% of the holding is from domestically issued bonds.

ProShares High-Yield-Interest Rate Hedged ET

ProShares High-Yield-Interest Rate-Hedged ET (HYHG) duly keeps track of the FTSE High-Yield (Treasury Rate-Hedged) Index. The index consists of high-yield bonds purchased for a long time, wherein investors expect the prices to rise. The annual dividend yield of the past year was 5.03%, and their performance has remained stable.

Vanguard High Dividend Yield

Vanguard High Dividend Yield (VYM) is an ideal choice if you are looking to earn income through a low-cost fund that tracks FTSE High Dividend Yield Index. The index consists of around 400 stocks of companies that pay more than the average dividend to their investors.

VanEck Vectors High-Yield Municipal Index

VanEck Vectors High-Yield Municipal Index (HYD) is ideal for investing if you have a taxable account and are looking for a high-yield bond ETF. This index tracks the performance of the Bloomberg Municipal Custom High-Yield Composite Index, which consists of long-term, high-yield municipal bonds. You can receive tax-free income.

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets High Dividend Fund is a suitable investment opportunity if you are looking for high-yield bonds in emerging foreign markets. The expense ratio is around 0.65%, and the management team is constantly looking to hold high-paying stocks in these emerging markets.