Top Morningstar Bond Funds for July 2009.

Morningstar has released their top 3 Bond Funds for June-July. Here’s the list:

High-yield bonds.

T. Rowe Price Spectrum Income (RPSIX)

This is a fund of funds. The management team invests in up to 9 T. Rowe Price funds in order to get exposure to all of the sectors of the bond market. The fund took a 14.7% hit in 2008, due to the high yield aspect, but it’s up 6.3% for the year ending May 29.

Intermediate-term bonds.

Metropolitan West Total Return Bond (MWTRX)

The management team of Stephen Kane, Laird Landmann, and Tad Rivelle have been at the helm of this fund since 1997, and with excellent results. The team focus on a selective group of bonds including BB and B rated, higher yielding issues and bank loans. However, they also placed a contrarian bet on commercial and residential mortgages in 2008, so this fund is not for the impatient or conservative investor.

FPA New Income (FPNIX)

Here’s a more conservative fund. Manager Bob Rodriguez has maintained a “buyer’s strike” against high-yield bonds and U.S. Treasuries, and has a sterling long-term record. One item of note however: Rodriguez plans to take a one year sabbatical starting January 2010, but he is passing control of the fund to Thomas Atteberry, the fund’s co-manager.


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2 comments to Top Morningstar Bond Funds for July 2009.

  • Cindy Timm

    I’m lookinf at Lord abbett corp. short duration fund. wiht a one yr. purchase. I’m opening this with approx 10g do you have any thoughts on this. Need reply asap thank you.

  • Hi Cindy, thanks for stopping by. I’m afraid I can’t really give you any advice on that. I am in no way a professional. This blog is just a place for me to share what I learn as I learn it, and I’ve been focusing mostly on stocks to boot.

    Best of luck,
    Mike

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