Which type of mutual fund invests primarily in high-yield,high-risk corporate bonds?

Question

Quizplus · Accepted Answer

Junk bond funds invest primarily in high-yield, high-risk corporate bonds, also known as speculative-grade bonds. These bonds offer higher returns compared to other types of bonds, but they come with a higher risk of default. Therefore, investors who are willing to take on more risk in pursuit of higher returns may consider investing in a junk bond fund.

Which Type of Mutual Fund Invests Primarily in High-Yield,high-Risk Corporate