2 / 5 Stars
3 2 1 1 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#14 in Long-Term Bond
U.S. News evaluated 30 Long-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 7.52 percent over the past year, 8.83 percent over the past three years, 6.86 percent over the past five years, and 4.23 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||-0.5%|
|3 Years (Annualized)||8.8%|
|5 Years (Annualized)||6.9%|
|10 Years (Annualized)||4.2%|
The investment seeks to maximize total return, consistent with prudent investment management. Under normal circumstances, the fund invests at least 80% of its assets in corporate debt securities and at least 80% of its assets in "investment grade" debt securities. It may invest up to 25% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers. The fund intends to invest not more than 10% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers for which the fund has not implemented a currency hedge. It may invest in securities of any maturity or duration.
Fees are High compared to funds in the same category.
Western Asset Corporate Bond Fund has an expense ratio of 1.06 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.