Have you considered a fixed income fund? Fixed income funds are one of the few investments you can rely on. Offering a guaranteed return on a fixed schedule, fixed income funds ensure you get the money you need when you need it. So, no more waiting and wondering. Fixed income funds can get you the income you need to annually, bi-annually or even quarterly depending on the investment. Issued by the governments, corporations or other financial entities, as an investor you’ll be awarded with return payments again and again, in addition to a principal paid at maturity. If you aren’t yet investing in fixed income funds, it’s about time you did. The top 3 fixed income funds include Miller Intermediate Bond Fund I, Oppenheimer Rochester AMT-Free Municipal Fund A and Nuveen High Income Bond Fund I. These top 3 fixed income funds offer high returns over a longer period of time. If you are interested investing in fixed income funds, read on to find out more.
Top 3 Fixed Income Funds:
- Miller Intermediate Bond Fund I
- Oppenheimer Rochester AMT-Free Municipal Fund A
- Nuveen High Income Bond Fund I
Miller Intermediate Bond Fund I
The Miller Intermediate Bond Fund I is one of the most basic fixed income funds, a core bond fund. With a portfolio of net assets amounting to $162.5 million, investors can expect plenty of opportunity for high returns. After the first year of investment, as of 2017, the Miller Intermediate Bond Fund I had a one-year return of 7.74% which is exceedingly high compared to most core bond funds. The expense ratio is also low at just 1.25% when you consider the higher return. Incorporated in the US, the Miller Intermediate Bond Fund I is an open-end fund that invests at least 80% of its assets in bonds. And it takes less than seven years for it to reach maturity.
Highlights:
- Net assets of $162.5 million.
- High-yield returns.
- 80 percent of assets invested in bonds.
Oppenheimer Rochester AMT-Free Municipal Fund A
Oppenheimer Rochester AMT-Free Municipal Fund A is a fixed income fund with a portfolio containing mostly general, insured municipal debt. It involves a bottom-up investment approach in which your portfolio managers invest in municipal bonds based on extensive market research. These diversified portfolios guarantee a higher return in comparison to most other fixed income funds of the same type. In one year, returns can be as high as 7.37% and get higher from there. Expense ratio is fairly low as well, at under 1%. Portfolio net assets amount to $2,036.10 million which should impress most investors.
Highlights:
- Contains mostly general municipal debt.
- Returns can be 7.37 percent after one year.
- Low expense ratio.
Nuveen High Income Bond Fund I
The Nuveen High Income Bond Fund I is a high-yield fixed income fund that promises even larger returns on your investment, but requires a higher investment. The Nuveen Family of Funds will provide you with a portfolio of high yield bond funds and income-producing investments with a great deal of diversification. Portfolio net assets for this fund amount to over $383.9 million. This fund offers returns as high as 20.78%, and after three years an additional 2.37%. After five years, investors can expect an additional 6.04%. The expense ratio with this high yield fixed income fund is also fairly low as just 0.8%. Best of all, with this fund, you’ll get returns monthly. Don’t waste any more time - invest now!
Highlights:
- High-yield fixed income fund.
- Requires higher investments, but more reward potential.
- Average five-year return of 6.04 percent.
Conclusion
Fixed income funds are reliable compared with some other types of investments. They are not without risk - no investments are - but fixed income funds can be good for people who favor slow and steady growth. The funds listed above can get you started in your search for a fixed income fund that fits your needs.