Nasdaq

FBAPX

The investment seeks to provide investors with total return.  The fund normally invests at least 80% of its net assets in income producing securities, including: U.S. government securities; residential and commercial mortgage-backed securities; asset-backed securities; domestic and foreign corporate debt obligations; preferred securities and contingent capital securities; fixed and floating rate loans; debt obligations of foreign governments; and municipal securities. It may invest up to 30% of its total assets in non-U.S. dollar denominated debt obligations of foreign corporations and governments.

FCBYX

Under normal market conditions, the fund invests at least 65% of its assets in U.S. and foreign debt securities, including those in emerging markets. Debt securities include all varieties of fixed, variable and floating rate income securities, including bonds, U.S. and foreign government and agency securities, corporate loans (and loan participations), and mortgage-backed securities and other asset-backed securities.

FRSTX

Under normal circumstances, the fund will invest at least 80% of its assets in bonds. "Assets" means net assets plus the amount of borrowings for investment purposes. Under normal circumstances, it will invest at least 40% of its total assets in countries other than the United States (Non-U.S. Countries) unless the adviser determines, in its sole discretion, that conditions are not favorable.

GBOSX

The investment seeks a high level of current income, and secondarily, capital appreciation.  The fund invests in a multi-sector portfolio of U.S. and foreign investment grade and non-investment grade fixed income investments of varying maturities. It may invest up to 35% of its total assets measured at the time of purchase in sovereign and corporate debt securities and other instruments of issuers in emerging market countries. The fund may invest up to 10% of its total assets in privately issued corporate debt securities and other obligations issued by private companies.

GSCMX

The fund seeks to achieve its investment objective by investing primarily in domestic and foreign debt securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. It normally invests in non-investment grade debt securities (also known as "junk bonds") and highly rated securities.

HSNIX

The fund primarily invests in a diversified portfolio of fixed-income securities. Its fixed income securities will consist principally of high-yield corporate debt securities, bank debt (including loan assignments and participations), convertible debt, and U.S. government securities. The fund's investments in debt instruments will not be limited in duration, but typically will be in securities having a duration of two to six years at the time of purchase.

ICMUX

The fund seeks to achieve its objectives by investing at least 80% of the fund's net assets, plus the amount of any borrowings for investment purposes, in U.S. and foreign debt securities, including those in emerging markets. To achieve the fund's investment objective, the manager will allocate investments among various sectors of debt securities and at any given time may have a substantial amount of its assets invested in any class of debt security.

IIPOX

The fund is a fund-of-funds and as such invests primarily in no-load and load-waived mutual funds, including ETFs ("underlying funds"). The underlying funds invest primarily in individual securities such as common stocks and corporate or government bonds. The fund will invest predominately in bond underlying funds of varying maturity, credit quality (including high-yield securities, or "junk bonds") and regional exposure. It may purchase, without limit, shares of underlying funds that invest in domestic and international corporate or government bonds.

Other OTC

INCMX

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in a broad range of U.S. dollar-denominated fixed income products. These include corporate bonds, notes and debentures, and closed-end funds that invest at least 80% of their assets in fixed income securities, as well as U.S. government and agency securities.

IOBZX

The fund seeks to achieve its investment objective by primarily investing in asset-backed fixed income securities, such as securities backed by credit card receivables, automobiles, aircraft, student loans, equipment leases, and agency and non-agency residential and commercial mortgages. Asset-backed securities in which the fund may invest also include collateralized debt obligations ("CDOs"), collateralized loan obligations ("CLOs") and privately-offered collateralized loans.

IOFIX

The fund invests primarily in the following types of securities: foreign government and corporate debt securities from developed and emerging markets; U.S. government and agency securities; and domestic high-yield bonds. The manager allocates assets among the three major types of securities based on analysis of economic factors such as projected international interest-rate movements, industry cycles, and political trends. The manager may invest up to 100% of the fund's assets in any one sector. It may invest up to 10% of its net assets in domestic or foreign common stocks.

JHFIX

The fund invests at least 80% of its assets in the following types of securities, which may be denominated in U.S. dollars or foreign currencies: foreign government and corporate debt securities from developed and emerging markets, U.S. government and agency securities, domestic high-yield bonds, and investment-grade corporate bonds and currency instruments. It may also invest in preferred stock and other types of debt securities.

JIPIX

The investment seeks to provide income with a secondary objective of capital appreciation.  The fund invests primarily in U.S. dollar denominated securities, although the fund may also invest in non-dollar denominated securities. Although it has the flexibility to invest above 65% of its total assets in investments that are rated below investment grade (also known as junk bonds or high yield securities) or the unrated equivalent to take advantage of market opportunities, under normal market conditions the fund invests at least 35% of its total assets in investments that, at the time of purchase, are rated investment grade or the unrated equivalent.

JMSIX

The fund pursues its investment objective by primarily investing, under normal circumstances, in a multi-sector portfolio of U.S. and non-U.S. debt securities of varying maturities that the portfolio managers believe have high income potential. Its investments in below investment grade securities are limited to 65% of its net assets, but under unusual circumstances, such as when new issue allocations are higher than expected, this limit may be exceeded on a temporary basis.

JMUIX

The investment seeks to provide a high level of risk-adjusted current income and capital appreciation; capital preservation is a secondary objective.  The fund seeks to achieve its investment objectives, under normal conditions, by investing in structured credit securities and other fixed income securities. The fund may also invest in corporate bonds and other fixed income securities. It seeks to outperform the Bloomberg U.S. Aggregate Bond Index with lower volatility than that index.

JSVIX

The investment seeks high current income and the opportunity for capital appreciation to produce a high total return.  To pursue its objective, under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). The fund may invest up to 20% of its net assets in equity securities, including common stocks, preferred stocks, convertible preferred stocks, and similar instruments.

LBNDX

LCRDX

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities or other instruments with similar economic characteristics. The subadviser has broad discretion to invest in multiple types of fixed income securities including, but not limited to, sovereign debt, emerging markets debt, corporate debt, high yield debt, bank loans, supranational issues, Separate Trading of Registered Interest and Principal of Securities ("STRIPS"), inflation-linked securities and hybrid securities. The fund is non-diversified.

LFLIX

The investment seeks high total investment return through a combination of current income and capital appreciation.  Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in fixed-income securities. It will normally invest at least 55% of its net assets in investment-grade fixed-income securities. The fund may also invest up to 35% of its assets in below investment-grade fixed-income securities (commonly known as "junk bonds") and up to 20% of its assets in equity securities, such as common stocks and preferred stocks.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
FBAPX	Fidelity Tactical Bond Fund	Multisector Bonds	Feb 9, 2022	0.66%	-1.07%	—	4.71%
FCBYX	Nuveen Strategic Income Fund	Multisector Bonds	Jan 31, 2000	0.59%	1.47%	2.90%	6.01%
FRSTX	Franklin Strategic Income Fund	Multisector Bonds	May 23, 1994	0.89%	0.08%	1.48%	4.63%
GBOSX	JPMorgan Global Bond Opportunities Fund	Multisector Bonds	Sep 3, 2012	0.65%	-0.32%	3.17%	3.72%
GSCMX	Goldman Sachs Income Fund	Multisector Bonds	Dec 2, 2019	0.72%	1.67%	—	5.84%
HSNIX	The Hartford Strategic Income Fund	Multisector Bonds	May 30, 2007	0.64%	1.58%	3.33%	6.41%
ICMUX	Intrepid Income Fund	Multisector Bonds	Jul 1, 2007	0.91%	3.54%	4.20%	8.75%
IIPOX	Delaware Ivy Strategic Income Fund	Multisector Bonds	Sep 30, 2015	0.67%	—	—	—
INCMX	FundX Flexible Income Fund	Multisector Bonds	Jun 30, 2002	0.91%	—	—	—
IOBZX	ICON FlexibleBondFund	Multisector Bonds	May 5, 2004	0.76%	2.95%	3.46%	7.22%
IOFIX	AlphaCentric Income Opportunities Fund	Multisector Bonds	May 27, 2015	1.65%	-2.79%	—	7.94%
JHFIX	John Hancock Income Fund	Multisector Bonds	Aug 17, 1986	0.80%	-1.10%	1.66%	3.60%
JIPIX	John Hancock Funds Strategic Income Opportunities ...	Multisector Bonds	Jan 3, 2010	0.76%	-0.75%	2.36%	3.36%
JMSIX	JPMorgan Income Fund	Multisector Bonds	Jun 1, 2014	0.40%	2.36%	—	5.29%
JMUIX	Janus Henderson Multi-Sector Income Fund	Multisector Bonds	Feb 27, 2014	0.69%	1.07%	3.45%	7.00%
JSVIX	Easterly Income Opportunities Fund	Multisector Bonds	Aug 20, 2018	1.48%	1.23%	—	5.83%
LBNDX	Lord Abbett Bond Debenture Fund	Multisector Bonds	Mar 31, 1971	0.77%	2.44%	3.44%	5.44%
LCRDX	Lord Abbett Credit Opportunities Fund	Multisector Bonds	Feb 18, 2019	1.39%	4.57%	—	10.17%
LFLIX	BrandywineGLOBAL - Flexible Bond Fund	Multisector Bonds	May 30, 2016	0.75%	0.70%	—	6.08%
LSBDX	Loomis Sayles Bond Fund	Multisector Bonds	May 15, 1991	0.67%	-0.34%	1.59%	5.52%

The Best Multisector Bonds Mutual Funds

Risk vs. Return Scatterplot