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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Multisector Bond  

Definition 1.

A Morningstar category for taxable bond funds that seek income by diversifying their assets among several fixed-income sectors, usually government-issued bonds, foreign bonds, and high-yield corporate bonds. To be classified as a bond fund by Morningstar, at least 70% of all assets must be invested in bonds.
 
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