Corporate Bond Fund

Business, Legal & Accounting Glossary

Definition: Corporate Bond Fund

Full Definition of Corporate Bond Fund

corporate bond fund is a mutual fund that invests in corporate bonds. If a bond fund is not otherwise designated, it is presumed to be a corporate bond fund.

Bond-rating and maturity are key factors in types of bond funds. Corporate bond funds are usually assumed to invest in investment-grade bonds unless they are labeled as a high-yield bond fund or a junk bond fund. Investment-grade bonds are rated “AAA” to “BBB-” among credit-rating agencies. Junk bonds are rated “BB+” or lower.

The average maturity of a bond fund may be long or short. Short bond funds pay a lower yield and are less volatile. The market value of long bond funds will vary more with changes in interest rates and related news.

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Definition Sources

Definitions for Corporate Bond Fund are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th August, 2021 | 0 Views.