4 / 5 Stars
5 2 2 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 77 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 1.98 percent over the past year, 4.81 percent over the past three years, 9.91 percent over the past five years, and 5.06 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.1%|
|3 Years (Annualized)||4.8%|
|5 Years (Annualized)||9.9%|
|10 Years (Annualized)||5.1%|
The investment seeks total return by investing primarily in domestic and foreign debt securities. The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a diversified portfolio of debt or debt-related securities. The average portfolio duration of it will normally vary from 0 years to 7 years. The fund may invest in derivatives, such as futures, options, forward commitments and swap agreements to try to enhance returns or reduce the risk of loss of (hedge) certain of its holdings or manage duration. It may invest up to 15% of its total assets in swaps.
Fees are High compared to funds in the same category.
MainStay Unconstrained Bond Fund has an expense ratio of 2.02 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.