If prospects are looking worse, no matter what the Fed does to short high - quality rates,
junk grade securities will tend to rise in yield.
Not exact matches
Beyond the requirements that liquidity and regulators impose on us, we will purchase currency - related
securities only if they offer the possibility of unusual gain — either because a particular credit is mispriced, as can occur in periodic
junk - bond debacles, or because rates rise to a level that offers the possibility of realizing substantial capital gains on high -
grade bonds when rates fall.
The fund can purchase
securities of any credit quality, including those in default, but it will primarily invest in investment -
grade debt, with no more than 20 % of the portfolio invested in
junk bonds.
Investing in high yield fixed income
securities, otherwise known as «
junk bonds», is considered speculative and involves greater risk of loss of principal and interest than investing in investment
grade fixed income
securities.
The fund may invest up to 100 % of its managed assets in below - investment
grade debt
securities (commonly referred to as «high - yield» or «
junk» bonds).
High yield
securities are generally rated below investment -
grade and are commonly referred to as «
junk» bonds.
Some of those risks include general economic risk, geopolitical risk, commodity - price volatility, counterparty and settlement risk, currency risk, derivatives risk, emerging markets risk, foreign
securities risk, high - yield bond exposure, noninvestment -
grade bond exposure commonly known as «
junk bonds,» index investing risk, industry concentration risk, leveraging risk, market risk, prepayment risk, liquidity risk, real estate investment risk, sector risk, short sales risk, temporary defensive positions, and large cash positions.
The Fund's investments in high - yield
securities or «
junk bonds» are subject to a greater risk of loss of income and principal than higher
grade debt
securities.
Domestic common stocks Foreign common stocks Domestic bonds (investment
grade, not
junk) Foreign bonds High - yield (aka
junk) bonds Cash - type assets (cash equivalent) Longer - term fixed - dollar (guaranteed principal) assets Investment real estate Other tax - sheltered investments Convertible
securities Gold and other precious metals Collectibles Other assets
It invests primarily in investment
grade debt
securities, but may invest up to 20 % of its total assets in
junk bonds that are rated B or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.
High Yield
Securities Risk (Municipal Bond Fund only): Below investment - grade securities, sometimes called «junk bonds,» are considered sp
Securities Risk (Municipal Bond Fund only): Below investment -
grade securities, sometimes called «junk bonds,» are considered sp
securities, sometimes called «
junk bonds,» are considered speculative.
Investing in high yield fixed income
securities, otherwise known as «
junk bonds» is considered speculative and involves greater risk of loss of principal and interest than investing in investment
grade fixed income
securities.
These
securities, which can be investment
grade or
junk, invest in government bonds from around the world.