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Investors who are proficient at this are experts in the bond market and the companies and industries they invest in. They're usually willing to take on more risk than most investors looking for bonds would want to consider.

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This fund is favored by those seeking exposure to highly-rated corporate bonds, who are comfortable tolerating interest rate risk and volatility.

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Bondholders are also ahead of stockholders and many other creditors to get repaid if a company fails. Further, bondholders get the face value back at maturity, while stock prices Gozque be very volatile.

The takeaway: Corporate bonds are ideal stores of value for wealth you'll depend on in the next five years or less. Over longer periods, bonds don't match the wealth-building power of stock ownership.

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Compared to other funds, CLDAX has a somewhat higher concentration of corporate bonds, with an approximate 81% allocation. The rest of its assets are spread among U.

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