We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Diversified Bond Mutual Funds to Buy for a Resilient Portfolio
Read MoreHide Full Article
Diversified bond funds provide investors with a convenient and affordable option to hold a portfolio of bonds from different economic sectors. The costs incurred to create a portfolio of individual bonds would be significantly higher than investing in this class of funds. The associated risk also declines since volatility in a specific sector has only a partial effect on the fund’s fortunes. The opportunity to reinvest the income generated and a relatively higher level of liquidity also make them secure and attractive investments.
PIMCO Commodities PLUS and Bond Alp fund seeks to achieve its investment objective by investing in commodity-linked derivative instruments backed by an actively managed, low-volatility portfolio of fixed-income instruments, and may also invest directly in commodities.
Fidelity High Income has three-year annualized returns of 13.7%. Greg E. Sharenow has been the fund manager of PCLAX since January 2015.
Nuveen Preferred Secs & Inc fund invests most of its assets, including any borrowings, in preferred and other income-producing securities.
Nuveen Preferred Secs & Inc has three-year annualized returns of 9.2%. As of the end of February 2026, NPSAX had 2.1% of its assets invested in UBS Group AG.
Allspring Diversified Income Builder Fund invests at least 80% of its total assets in a diversified portfolio of U.S. and non-U.S. income-producing securities of any quality, and may invest up to 60% of its total assets in equity securities from U.S. or foreign issuers, including emerging markets, of any size.
Allspring Diversified Income Builder Fund has three-year annualized returns of 12%. EKSAX has an expense ratio of 1.10%.
View the Zacks #1 Rank List
Image: Bigstock
3 Diversified Bond Mutual Funds to Buy for a Resilient Portfolio
Diversified bond funds provide investors with a convenient and affordable option to hold a portfolio of bonds from different economic sectors. The costs incurred to create a portfolio of individual bonds would be significantly higher than investing in this class of funds. The associated risk also declines since volatility in a specific sector has only a partial effect on the fund’s fortunes. The opportunity to reinvest the income generated and a relatively higher level of liquidity also make them secure and attractive investments.
Below, we share with you three top-ranked diversified bond mutual funds, viz., PIMCO CommoditiesPLUS and Bond Alp (PCLAX - Free Report) , Nuveen Preferred Secs & Inc (NPSAX - Free Report) and Allspring Diversified Income Builder Fund (EKSAX - Free Report) . Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
PIMCO Commodities PLUS and Bond Alp fund seeks to achieve its investment objective by investing in commodity-linked derivative instruments backed by an actively managed, low-volatility portfolio of fixed-income instruments, and may also invest directly in commodities.
Fidelity High Income has three-year annualized returns of 13.7%. Greg E. Sharenow has been the fund manager of PCLAX since January 2015.
Nuveen Preferred Secs & Inc fund invests most of its assets, including any borrowings, in preferred and other income-producing securities.
Nuveen Preferred Secs & Inc has three-year annualized returns of 9.2%. As of the end of February 2026, NPSAX had 2.1% of its assets invested in UBS Group AG.
Allspring Diversified Income Builder Fund invests at least 80% of its total assets in a diversified portfolio of U.S. and non-U.S. income-producing securities of any quality, and may invest up to 60% of its total assets in equity securities from U.S. or foreign issuers, including emerging markets, of any size.
Allspring Diversified Income Builder Fund has three-year annualized returns of 12%. EKSAX has an expense ratio of 1.10%.
To view the Zacks Rank and the past performance of all diversified bond mutual funds, investors can click here to see the complete list of diversified bond mutual funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>