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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 59 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 13.59 percent over the past year.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 3.4% |
| 1 Year | 13.6% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks positive returns that are independent of market cycles. The fund seeks to meet its investment objective through strategic investments in domestic and foreign fixed income securities and currencies. It will initiate long and short exposures by investing across bond sectors, including sovereign debt and corporate bonds; currencies; and derivative instruments. The weighted average effective duration of the fund's portfolio, including derivatives, is expected to range from -5 to +5 years. The fund is non-diversified.
Fees
Fees are Low compared to funds in the same category.
Legg Mason BW Absolute Return Opportunities Fund has an expense ratio of 1.18 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
