4 / 5 Stars
3 2 2 3 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#1 in Nontraditional Bond
U.S. News evaluated 86 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 7.96 percent over the past year, 5.88 percent over the past three years, 11.35 percent over the past five years, and 5.46 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||3.4%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||11.4%|
|10 Years (Annualized)||5.5%|
The investment seeks as high a level of current income as the adviser believes is consistent with preservation of capital. The fund invests mainly in bonds that are secularized debt instruments (such as mortgage-backed investments) and other obligations of companies and governments worldwide, which are either investment-grade or below-investment-grade (sometimes referred to as "junk bonds") in quality and have intermediate- to long-term maturities (three years or longer). It typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions and swap contracts, for both hedging and non-hedging purposes.
Fees are Low compared to funds in the same category.
Putnam Diversified Income Trust has an expense ratio of 0.99 percent.
Risk is High compared to funds in the same category according to Morningstar.