The SuperTrust structure had share creation and redemption characteristics of an open-end fund and the trading flexibility of a stock.

FORBES: ETFs Turn 20-Years Old in the U.S.

The idea was to first convert this small, open-end fund into a closed-end.

FORBES: Looking for the Exit Sign

You can get exposure to junk countries via an open-end fund like Fidelity New Markets or an ETF like the iShares J.

FORBES: Bond Funds: Higher Yields, Higher Defaults

The four iShares index funds (see table below), issued by the Global Investors unit of Barclays (nyse: BCS - news - people ), sport a rock-bottom expense ratio of 0.15 versus open-end bond fund averages of around 1.00 and the 0.20 charged by low-cost leader Vanguard.

FORBES: Magazine Article