A pool of investments in fixed-income assets such as preferred shares, mortgages, government bonds, investment-grade corporate bonds, and high-yield corporate bonds. Periodic income goes into the fund on a regular basis, mostly through the interest that the fund earns. High-yield corporate bond funds are generally riskier than funds that hold government and investment-grade bonds.
Impact of Puerto Rico's Debt Crisis on Your Portfolio
Several mutual funds with an exposure to Puerto Rico debt are about to enter a bankruptcy battle.