Fund Times: Three Funds Trump the Bond King
Plus, news from Matthews, MainStay, Turner, and WisdomTree.
The world's biggest bond fund, PIMCO Total Return (PTTRX), is also one of the best. However, three intermediate-bond funds have bested legendary manager Bill Gross' returns at PIMCO. Each has done so by taking on more risk than PIMCO Total Return.
Calvert Income (CFICX) has returned 8.16% for the trailing 10 years, while Managers Bond (MGFIX) has returned 7.62%, and Dreyfus Intermediate-Term Income (DRITX) is up 7.41%. PIMCO Total Return has returned 7.12% over the same period.
Russel Kinnel has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.