Unlike traditional bonds, Floating-rate bonds (FRB) do not have a fixed rate coupon. Instead, their rate fluctuates or floats based on the market plus a spread. As a result, FRBs tend to be less vulnerable to interest-rate fluctuations. Many believe FRBs can help preserve principal, while...

Market dislocations and record-low interest rates have spawned interest in unconstrained bond funds amid investors' ongoing quest to boost income and protect capital. Despite its popularity, this non-traditional approach remains mired in complexity. Ironically, it also carries risks that may...

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