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Article: Taxable bond funds.
- Article from:
- Kiplinger's Mutual Funds
- Article date:
- March 22, 2005
CopyrightCOPYRIGHT 2005 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FOR A COMPLETE explanation of how to use the rankings, including a description of each column heading, see page 76. Other information about the taxable bond fund rankings:
INVESTMENT STYLE. Investment-grade corporate bond funds are classified as either ST Corp (short-term), Int Corp (intermediate-term) or LT Corp (long-term). Government bond funds are divided between ST Govt, Int Govt and LT Govt. In each instance, short-term means that the average time until maturity is less than three years, intermediate means three to ten years, and long-term means more than ten years. HY Corp (high-yield corporate) funds seek higher yields by owning mostly lower-grade bonds. ...