Tuesday, July 20, 2010

Mutual Funds: Top 5 Diversified Bond Funds

Delaware Diversified Income A (DPDFX) seeks total return over the long term. It utilizes the majority of its assets to purchase investment-grade, high-yield and foreign fixed-income securities. It may also invest in cash or short- term fixed-income securities. The fund has a three year annualized return of 8.46%.
The diversified bond fund has a minimum initial investment of $1,000 and an expense ratio of 0.97% compared to a category average of 0.94%.
Oppenheimer Strategic Income A (OPSIX) invests the majority of its assets in securities issued by the US government and high yield domestic and foreign securities. It may invest all its assets in any one of these sectors and may not invest at all in a sector at a given point of time. The fund returned 20.5% over the last one year period.
Arthur P. Steinmetz is the fund manager and has managed this diversified bond fund since 1989.
Virtus Multi-Sector Fixed-Income A (NAMFX) seeks current income as well as preservation of capital. At least 80% of the fund’s assets are invested in fixed income securities. It purchases U.S. government securities, investment-grade as well as high yield domestic debt securities. The fund has a five year annualized return of 5.24%.
As of March 2010, this diversified bond fund held 389 issues, with 1.94% of its total assets invested in Blackrock Liquidity Tempfund Portfolio - Institutional Shares.
Pioneer Strategic Income A (PSRAX) invests a large portion of its assets in debt securities. It focuses on acquiring debt securities issued by the U.S. government and related agencies, domestic and foreign corporate debt and asset backed securities. The fund has a ten year annualized return of 8%.
The diversified bond fund has a minimum initial investment of $1,000 and an expense ratio of 1.17% compared to a category average of 1.15%.
Mutual Funds ServicesPutnam Diversified Income A (PDINX) seeks current income as well as preservation of capital. Between 15 to 65% of its assets may be invested in domestic and foreign government securities and corporate investment grade bonds. The fund returned 36.27% over the last one year period.
D. William D. Kohli is the fund manager and has managed this diversified bond fund since 1994.

No comments: