Dip Back Into the Bond Market.

The fund delivers a tax-equivalent yield of 4.44% for an investor in the highest federal tax bracket of 37% (not including surcharges), or a 3.68% tax-equivalent yield for taxpayers in the 24% bracket. HIGH-YIELD BONDS Investors willing to take on more risk to earn fatter yields should consider high-yield bonds, issued by firms with less-than-stellar financials, says BlackRock's Fredericks. Yields have moved up so fast that conventional measures - such as 30-day SEC yields, which use yields over the past 30 days to extrapolate an annual yield and are commonly used to compare funds - are lagging real-time yields, fund managers say. [Extracted from the article]