3 / 5 Stars
5 5 1 2 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#27 in Multisector Bond
U.S. News evaluated 80 Multisector 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 8.17 percent over the past year, and 6.87 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.3%|
|3 Years (Annualized)||6.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide total return. The fund normally invests at least 80% of the value of its net assets plus borrowings for investment purposes in bonds. It employs a multi-manager approach whereby portions of the fund are allocated to different money managers. The fund invests in various tactical global bond opportunities including high yield debt securities, emerging markets debt securities, corporate debt securities, Yankee Bonds (dollar denominated obligations issued in the U.S. by non-U.S. banks and corporations), government securities and investment grade securities. It is non-diversified.
Fees are Low compared to funds in the same category.
Russell Global Opportunistic Credit Fund has an expense ratio of 1.20 percent.
Risk is High compared to funds in the same category according to Morningstar.