Best Taxable Bond Funds
As part of taxable bond funds, multisector bond funds invest in various fixed-income sectors. These funds use its assets to buy US Treasuries, U.S. corporate bonds, foreign bonds, and high-yield bonds. This closed end fund may produce high yield for income.Whether you should invest in these top performing multisector bond closed end funds, you need to do details research. You can buy these CEF funds using your brokerage for your investment account, retirement account, etc.
These investment funds are managed actively by the fund manager(s). Find the fund review below. The funds are sorted based on its net asset value returns for the past 3 years (up to September 6, 2015). Interested in part 1 of this article, please check top 10 multisector bond closed end funds for 2016 article.
The 10 best multisector bond closed end funds for 2016 are:
- PIMCO Dynamic Income Fund (PDI)
- PIMCO Global StocksPLUS & Income Fund (PGP)
- PIMCO High Income Fund (PHK)
- PIMCO Income Strategy Fund II (PFN)
- PIMCO Income Opportunity Fund (PKO)
- PIMCO Income Strategy Fund (PFL)
- Doubleline Opportunistic Credit Fund (DBL)
- TCW Strategic Income Fund (TSI)
- AGIC Convertible & Income Fund (NCV)
- AGIC Convertible & Income II (NCZ)
PIMCO Income Opportunity Fund (PKO)
The PIMCO Income Opportunity Fund has $692 million of assets. It utilizes its assets to purchase corporate, sovereign, mortgage backed and asset backed debt securities. The annual expense fee is 1.55%. The fund manager is Daniel J Ivascyn since 2007. This fund has a high yield of 9.97%.More: 10 Best PIMCO Mutual Funds 2015
As one of 10 best multisector bond closed end funds for 2016, it has a 3 year average return of 3.77%. It has returned 10.14 percent over the past 5 years, and 10.66 percent since its inception. Morningstar ranked this PIMCO fund with 4 stars rating.
As of September 2015, it has an average coupon of 5.91%. The annual portfolio turnover rate is 14 percent. Top 5 debt sectors are banks, integrated oil, electric utility, pipelines, and airlines.
PIMCO Income Strategy Fund (PFL)
PIMCO Income Strategy Fund’s marker price is currently trading at 9.20% discount from its net asset value (NAV). This multisector bond has a high yield of 10.72%. The assets are $386 million. This fixed income fund is managed by Mohit Mittal and Alfred T. Murata.This best multisector bond fund has a 3 year annualized return of 2.20%. The past 5 years return is as follows:
- Year 2015: -8.83%
- Year 2014: 15.11%
- Year 2013: -2.82%
- Year 2012: 37.42%
- Year 2011: -0.36%
Doubleline Opportunistic Credit Fund (DBL)
Doubleline Opportunistic Credit Fund is managed by Philip A Barach and Jeffrey Gundlach. This closed end fund invests in debt and income producing securities. It has $429 million of assets. The total expense ratio fee is 1.67%.Morningstar has ranked this top multisector bond fund with 3 star rating. This fund has returned 3.09 percent over the past 1 year, and 6.25 percent over the past 3 years. Top 3 sectors are mortgage backed securities, CMOs mortgage debts, and collateralized loan.
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