Top 10 MultiSector Bond Closed End Funds for 2016: Part 3

This is part 3 of top 10 multisector bond closed end funds for 2016 article. The top funds are TCW Strategic Income Fund (TSI), AGIC Convertible & Income Fund (NCV), etc.

Best Fixed Income Funds

As discussed before, multisector bond funds are part of taxable bond fund category. These investment funds invest in various fixed-income sectors. Some may invest in dividend producing stocks. These funds use its assets to purchase US Treasuries, U.S. corporate bonds, foreign bonds, and high-yield bonds. These closed end funds have high yield for income.

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 close end 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). Interested in part 1 and part 2 of this article; please check top 10 multisector bond closed end funds for 2016 articles.
Top 10 MultiSector bond closed end funds for 2016 are:
    Top 10 MultiSector Bond Closed End Funds for 2016: Part 3
  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)

TCW Strategic Income Fund (TSI)

TCW Strategic Income Fund objective is to provide total return through income and capital growth. It invests mainly in convertible and marketable equity securities, debt securities, repurchase agreements, mortgage related securities, asset backed securities, and money market securities. It has $281 million of assets. Its expense fee is 0.85%. The fund sponsor is TCW Investment Management Company.

Morningstar has ranked this multisector bond fund with 4 stars rating. In 2015, it has year to date return of -1.41%. It has returned 4.56 percent over the past 3 years, and 10.14 percent over the past 5 years. This fund has a yield of 4.36%.

AGIC Convertible & Income Fund (NCV)

AGIC Convertible & Income Fund is ranked with 3 stars rating by Morningstar. This bond fund has a high yield of 12.30%. This Allianz fund invests in convertible and non-convertible income producing securities. The fund manager is Douglas Forsyth. The total net assets are $990 million. Its expense fee is 1.17%.

The past 4 years performance is as follows:
  • Year 2015: -16.45% (YTD)
  • Year 2014: 8.67%
  • Year 2013: 25.92%
  • Year 2012: 16.38%
  • Year 2011: -6.72%

AGIC Convertible & Income II (NCZ)

AGIC Convertible & Income II fund also has a high yield of 12.30%. This fund has $750 million of assets. The current share price is $5.50. The market price is currently traded at 14.20% discount from its NAV (Net Asset Value).

More: PIMCO Funds Ad: Income In The Age Of Investment Defense

This multisector bond fund has a 3 years annualized return of -2.65%. It has returned -34.64% over the past 1 year, and 2.65% over the past 5 years. Top 5 bond sectors are financials, consumer discretionary, technology, healthcare, and consumer staples.


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