3 / 5 Stars
2 3 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 64 Nontraditional 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 1.72 percent over the past year, 2.86 percent over the past three years, and 9.67 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-0.1%|
|3 Years (Annualized)||2.9%|
|5 Years (Annualized)||9.7%|
|10 Years (Annualized)||N/A|
The investment seeks to maximize total return through capital appreciation and income. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities. Its portfolio managers typically allocate the fund's assets among the following sectors of the fixed-income market: (i) below investment grade (high yield) sector, (ii) the U.S. government, investment grade corporate, mortgage and asset-backed sectors, (iii) the foreign debt securities of developed markets sector, and (iv) the foreign debt securities of emerging markets sector. It is non-diversified.
Fees are High compared to funds in the same category.
Dreyfus Opportunistic Fixed Income Fund has an expense ratio of 1.85 percent.
Risk is Average compared to funds in the same category according to Morningstar.