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Kip 25

Vanguard High-Yield Corp

Symbol: VWEHX
Expense Ratio: 0.23%

Vanguard High-Yield Corp is a bond fund and a member of the Kiplinger 25, the annual list of our favorite no-load funds. It is one of the tamer junk-bond funds. Nearly half of its assets are in debt rated double-B, and only 8% are in bonds that are unrated or rated below B. Michael Hong has been in charge since 2008. Yield: 6.6%.

See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.