Over 60% of my portfolio are Junk Bond funds just like this one. They have all performed well. I'm actually new to this particular fund though. But all HY Bond Funds are not bad investments it's definitely a matter of patience though. The longer you hold it, the more growth you will see. And they don't collapse as hard as stocks do during bad times. What's nice about this one is you don't need a large lump sum for additional investment. It's only like 50 bucks minimum. I've been heavily invested in Junk Bond Mutual Funds and ETFs since late 2009. So I rode up the bad times with lots of capital growth but I think long term you should come out fine.