Multisector Bond Category

Multisector bond portfolios seek income by diversifying their assets among several fixed-income sectors, usually U.S. government obligations, U.S. corporate bonds, foreign bonds, and high-yield U.S. debt securities. These portfolios typically hold 35% to 65% of bond assets in securities that are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.

Abbreviation: MU

Broad Asset Class: Taxable Bond

Primary Index: Barclays Aggregate Bond

Secondary Index: Barclays U.S. Universal Bond