He recommends Sprint bonds that mature May 1, 2004. They have a relatively low credit rating, but are still well above junk-bond status. Pimco's Gross likes mortgage-backed securities, easiest for investors to buy through GNMA bond funds. He also likes high-rated bonds from Ford and General Motors Acceptance. Here are the highest-yielding bond funds in the most popular categories.
Yield is what the fund pays shareholders.
Total Return includes the change in the fund's share price. The higher the duration figure, the greater the risk. 800 phone 12-mo yield 1 year total return Duration Avg. 7.8 AAA Avg. 8.0 AAA Avg.