Labels:book | box | bulletin board | food | shelf | sky | slide projector OCR: Investor Alert! JUNK BOND FUNDS ARE JUNKIER THAN YOU MAY THINK On o total-returm basis Our study shows that some high-yield Lambert. and in positions that amouni to 5% Prudential- -Bache has no initial sales even top junk funds trailed funds are overloaded with illiquid issues. or more ofa single issue The higher these charge but does have back-end load of high-quality bond funds bi Several funds are also filled with especially percentuges the less liquid the fund': assets muck as 5%. The expense ratfo the six pertentage points from risky junk. are likely to be. The signs of portfolio percentage ofa fund' assets that goes January 1989 through In judging a fund's safety you need to with above-average risk include high levels for management fees as well as 12b-1 Noy. 10 and some funds last m ...
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