Does anyone know of a high yield bond index fund?

I'm a fan of junk bonds, but I'm not interested in taking a gamble at investing in individual ones or even individual bond funds.

Is there an index fund that copies the growth of high yield bonds as a whole? And what can I expect it's expense ratio to be?

Thanks for your help.

You really don't want an "Index Fund" for high-yield bonds - why would you want to track the poorest quality junk bonds?

Split yourself among the best performers if you want greater exposure.

JHancock High-Yield A JHHBX 20.65% 12 month return
Fidelity Advisor High Income Advantage I FAHCX 18.38%
Loomis Sayles Instl High Income LSHIX 16.65%
Pioneer High Yield Y TYHYX 16.53%

Expense ratios range from 0.7 - 1.0%

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