Year 2014 has been great for long duration bond mutual funds. Some of these best performing long term bond funds are managing to achieve double digits returns. They also provides higher yield for income.
Long Term Bond Funds
Long-term bond funds utilize its assets to purchase corporate and other investment-grade U.S. fixed-income issues. These fixed income funds have durations of more than six years (or, if duration is unavailable, average effective maturities greater than 10 years). Due to their long durations, these portfolios are exposed to greater interest rate risk.
From this best performing funds list, you may find each individual fund review. You can find the fund performance, expense ratio, and yield or dividend from the table below. If you are interested in ETF, you can check my previous article. The list is sorted based on its year to date return up to October 19, 2014.
Best performing long term bond mutual funds 2014 are:
- Vanguard Long-Term Bond Index Fund (VBLTX)
- PIMCO Long Duration Total Return Fund (PLRIX)
- Schroder Broad Tax-Aware Value Bond Fund (STWTX)
- SEI Long Duration Fund (LDRAX)
- SEI Long Duration Corporate Bond Fund (SLDAX)
- Spirit of America Income Fund (SOAIX)