Top 10 MultiSector Bond Closed End Funds for 2016

Find top 10 multisector bond closed end funds for 2016. The best funds are PIMCO Dynamic Income Fund, PIMCO High Income Fund, etc.

Best Fixed Income Funds

Multisector bond funds seek income by diversifying their assets among several fixed-income sectors. These funds utilize its assets to purchase U.S. government obligations, U.S. corporate bonds, foreign bonds, and high-yield U.S. debt securities.

Whether you should invest in these top performing multisector bond closed end funds, you need to do details research. You can buy these CEF funds using your brokerage for your investment account, retirement account, etc.

These investment funds are managed actively by the fund manager(s). Find the fund review below. The funds are sorted based on its net asset value returns for the past 3 years (up to September 6, 2015).

Top 10 MultiSector bond closed end funds for 2016 are:
    Top 10 MultiSector Bond Closed End Funds for 2016
  1. PIMCO Dynamic Income Fund (PDI)
  2. PIMCO Global StocksPLUS & Income Fund (PGP)
  3. PIMCO High Income Fund (PHK)
  4. PIMCO Income Strategy Fund II (PFN)
  5. PIMCO Income Opportunity (PKO)
  6. PIMCO Income Strategy Fund (PFL)
  7. Doubleline Opportunistic Credit Fund (DBL)
  8. TCW Strategic Income Fund (TSI)
  9. AGIC Convertible & Income Fund (NCV)
  10. AGIC Convertible & Income II (NCZ)

PIMCO Dynamic Income Fund (PDI)

This PIMCO Dynamic Income Fund invests in a global portfolio of debt obligations and other income-producing securities of any type and credit quality, with varying maturities and related derivative instruments. The fund managers are Joshua Anderson, Daniel J Ivascyn, and Alfred T. Murata. The fund’s sponsor is Pacific Investment Management Company LLC. It has $2.3 billion of assets. This PIMCO fund has an expense fee of 0.70%. The yield is 9.40%.

As one of the top 10 multisector bond closed end funds for 2016, this fixed income fund is ranked with 5 stars rating. The average 3 year return is 13.88%. It has returned -2.74% over the past 1 year.
This best bond fund has an average coupon of 4.41%. The top 3 asset allocations are asset backed bonds, general corporate bonds, and short term debts. Top 5 bond sectors are banks, integrated oil, other financial, restaurants, and gaming.

PIMCO Global StocksPLUS & Income Fund (PGP)

The PIMCO Global StocksPLUS & Income Fund objective is to provide total return to investors. This fund invests in equity index derivative instruments based on the S&P500 and MSCI EAFE Indices and through utilizing an options strategy. The total net assets are $191 million. Its expense fee is 0.62%. The fund managers are Daniel J Ivascyn.

More: Best PIMCO Mutual Funds For 2013

The fund’s market price is trading 40.97% premium to its net asset value (NAV). The annual portfolio turnover rate is 3%. The top 4 sectors are Net Other Short Duration, Mortgage, Non-Agency Mortgage, and US Government Related.

Morningstar has ranked this closed end fund with 5 stars rating. In 2015, it has year to date return of -6.37%. It has returned 0.95 percent over the past 3 years, and 6.23 percent over the past 5 years. You can buy this multisector bond fund through your brokerage.

PIMCO High Income Fund (PHK)

PIMCO High Income Fund is a popular closed end fund. It has $1.2 billion of assets. The annual expense ratio fee is 1.18%. The effective leverage is 26.43%. The fund managers are Mohit Mittal and Alfred T. Murata since 2014. This taxable bond fund has a high yield of 15.86%.

This top multisector bond fund has a 10 year average return of 7.80%. The past 5 years performance is as follows:
  • Year 2015: -7.69% (YTD)
  • Year 2014: 9.13%
  • Year 2013: 26.38%
  • Year 2012: -1.78%
  • Year 2011: 6.42%

PIMCO Income Strategy Fund II (PFN)

This PIMCO Income Strategy Fund II is ranked with 3 stars rating by Morningstar. This fund has a high yield of 10.55%. It invests mainly in floating rate debt instruments. The expense ratio fee is 1.15% per year.

As one of top 10 multisector bond closed end funds, it has returned 4.16% over the past 3 years, and 8.85% over the past 5 years. In 2015, it has a year-to-date return of -0.85%.

Fund Returns

NoFund NameTickerYield3Y Rtn on NAV
1PIMCO Dynamic Income FundPDI9.40%17.60%
2PIMCO Global StocksPLUS & IncPGP13.44%15.42%
3PIMCO High Income FundPHK15.86%14.51%
4PIMCO Income Strategy Fund IIPFN10.55%10.05%
5PIMCO Income OpportunityPKO9.90%9.81%
6PIMCO Income Strategy FundPFL10.74%9.15%
7Doubleline Opportunistic CredDBL8.50%9.04%
8TCW Strategic IncomeTSI4.28%8.49%
9AGIC Convertible & IncomeNCV11.87%8.07%
10AGIC Convertible & Income IINCZ11.75%8.05%
11Calamos Convertible Opps & IncCHI11.03%7.40%
12Calamos Convertible & HighCHY10.89%7.08%


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