A Great Choice in the Nontraditional Bond Category
MetWest Unconstrained Bond is focused on credit, which the team has done well with long term.
Karin Anderson: MetWest Unconstrained Bond is a great choice in the nontraditional bond category. Like most funds in this group, it is absolute return-oriented and aims to downplay interest-rate risk.
Most funds in that category have some combination of credit, perhaps a lot of high yield and a non-U.S. exposure and perhaps non-U.S. currency risk. This one is very focused on credit, and that's a good thing because that's what this team has really done well over the long term, both here and on their flagship fund, MetWest Total Return Bond.
Karin Anderson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.