TCW Total Return Bond (TGLMX)
A team from MetWest Asset Management took the reigns of this fund in 2009, after longtime manager Jeffrey Gundlach was fired. Last year, management announced that it could invest up to half of the fund’s asset in junk bonds. The reasoning: Following the credit crisis in 2008, many mortgage-backed bonds have been downgraded to ratings below investment-grade. Mortgage-related securities are management’s speciality, and a great deal of the fund’s assets currently reside in that sector. Over the past 10 years, the fund has returned an annualized 7 percent. It yields 6.2 percent, and its annual fees are 0.44 percent.
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