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Reply to @hank: At the time Schwab might have thought that the strategy was conservative and extra yield was just there for them to pick. Extra yield often comes with extra risk. This is especially true in bond funds.
Comments
YES: Schwab YieldPlus, fell 35% in 2008."
http://online.wsj.com/article/SB10001424052748703775704576162310225799344.html