Morningstar Multisector Bond Fund (MSTMX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MSTMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSTMX
MSTMX charges 0.58% annually. There are 8 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | MSTMX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | MSTMX vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | MSTMX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | MSTMX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | MSTMX vs MOFIX |
Best Risk-Adjusted Alternatives to MSTMX
MSTMX has a PortfoliosLab risk / return rank of 46. There are 52 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | MSTMX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | MSTMX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | MSTMX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | MSTMX vs CBLDX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | MSTMX vs ICMUX |
Top Performing MSTMX Alternatives (YTD)
MSTMX is at 1.59% YTD. There are 23 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 5.21% | — | Jan 2011 | MSTMX vs ACP | |
| Saba Capital Income & Opportunities Fund | 5.04% | — | Dec 1987 | MSTMX vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.71% | — | May 2016 | MSTMX vs LFLIX | |
| Intrepid Income Fund | 2.43% | — | Jul 2007 | MSTMX vs ICMUX | |
| Nationwide Amundi Strategic Income Fund | 2.19% | — | Nov 2015 | MSTMX vs NWXHX |
Lowest Volatility Alternatives to MSTMX
MSTMX has 4.50% 1-year volatility. There are 77 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.16% | — | Nov 2015 | MSTMX vs NWXHX | |
| Nationwide Strategic Income A | 1.21% | — | Nov 2015 | MSTMX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.29% | — | Jul 2016 | MSTMX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.39% | — | Jan 2018 | MSTMX vs CBLDX | |
| Rational Special Situations Income Fund | 1.41% | — | Jul 2019 | MSTMX vs RFXIX |
Lowest Drawdown Alternatives to MSTMX
MSTMX has a 1-year max drawdown of -4.09%. There are 76 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | MSTMX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | MSTMX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | MSTMX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | MSTMX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | MSTMX vs BWDTX |
Other Mutual Funds from Morningstar
The 8 most viewed Morningstar mutual funds shown here include MSTRX, MSTVX, MSTFX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Morningstar Total Return Bond Fund | Intermediate Core Bond | 10 | -0.26% | — | Nov 2018 | MSTMX vs MSTRX | |
| Morningstar Alternatives Fund | Multistrategy | 56 | 0.75% | — | Nov 2018 | MSTMX vs MSTVX | |
| Morningstar International Equity Fund | Foreign Large Cap Equities | 16 | 11.71% | — | Nov 2018 | MSTMX vs MSTFX | |
| Morningstar Global Income Fund | Global Allocation | 54 | 6.05% | — | Nov 2018 | MSTMX vs MSTGX | |
| Morningstar U.S. Equity Fund | Large Cap Blend Equities | 3 | 6.28% | — | Nov 2018 | MSTMX vs MSTQX | |
| Morningstar Defensive Bond Fund | Short-Term Bond | 27 | -0.22% | — | Nov 2018 | MSTMX vs MSTBX | |
| Morningstar Municipal Bond Fund | Municipal Bonds | 47 | 1.08% | — | Nov 2018 | MSTMX vs MSTPX | |
| Morningstar Global Opportunistic Equity Fund | Global Allocation | 10 | 8.11% | — | Nov 2018 | MSTMX vs MSTSX |
Often Compared With MSTMX
Investors most often compare MSTMX with PIMIX, JSVIX, CRMVX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MSTMX with Any Fund or Stock
Compare MSTMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSTMX with funds that move differently
Morningstar Multisector Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSTMX.
Explore MSTMX Diversifiers