It may invest without limit in high yield debt securities, but currently the advisor intends to limit such investments to 35 % of its assets. (mutualfunds.com)
Lower - rated or high yield debt securities involve greater credit risk, including the possibility of default or bankruptcy. (franklintempleton.com)
Money is now flowing out of high yield debt which has been priced as if defaults will remain very low. (paramountnevada.com)