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High current income mutual fund |
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High current income mutual fundA mutual fund whose primary goal is to produce a high level of income by making higher-risk investments in instruments such as junk bonds.High current income mutual fund Similar MatchesCurrent issueCurrent issueIn Treasury securities, the most recently auctioned issue. Trading is more active in current issues than in off-the-run issues. Current liabilitiesCurrent liabilitiesAmount owed for salaries, interest, accounts payable and other debts due within 1 year. Net current assetsNet current assetsThe difference between current assets and current liabilities, also known as working capital. Current ratioCurrent ratioA financial ratio which shows how easily the company could pay its bills if all its creditors demanded payment at once. Calculated as: (current assets) divided by (current liabilities)In theory this figure should be at least 1, because if it's lower than 1 it means that the company does not have the liquidity to pay all its creditors straight away. That said, some companies, notably supermarkets, happily survive on current ratios of less than 0.5.As always, it's best to compare the ratio of one company with others in its sector. Over 1.5 suggests excessive caution on the part of management.For a more stringent version of the current ratio, see 'acid test'. High current income fundHigh current income fundA fund which aims to pay a high dividend to its shareholders by investing in bonds or other companies which themselves produce good income, either through high rates of interest or high dividend yields.The focus of such a fund is resolutely on income and does not seek capital appreciation. Of course, really high income can sometimes only come from accepting more risk in investments. Junk bonds, now referred to as high yield bonds, pay high levels of interest precisely because the companies that issue them have soft credit ratings. Further SuggestionsCurrent account surplusCurrent account deficit current income current liabilities current assets Noncurrent liability Current prices Current production rate Current coupon Current maturity Current rate method current account Current assets Current income bonds Current yield Other current assets Current coupon issues Noncurrent asset Current account balance Spontaneous Current Liabilities current cost accounting Current income Permanent Current Assets Current ratio Permanent spontaneous current Liabilities |
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