These are the ten best non-traditional bond funds

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Non-traditional bond funds aim to avoid losses and generate a return that is uncorrelated with the overall bond market. These funds deploy several strategies to achieve their objectives, such as investing in other sources of fixed income to offset interest rate risk. Another feature of these funds is that they can hold a large percentage of their portfolio in cash. Many non-traditional bond funds can also be unconstrained, meaning they can invest in anything. Let’s take a look at the top ten non-traditional bond funds.

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Contents Pin up

  • 1. Top ten non-traditional bond funds

  • 2. Spectrum Low Volatility Fund (SVARX, 6%)

  • 3. Columbia Mortgage Opportunity Fund (CLMAX, 7%)

  • 4. PartnerSelect Hi Inc Alt Fd (MAHIX, 7%)

  • 5. BrandywineGLOBAL – Alternative Credit Fund (LMAPX, 8%)

  • 6. T. Rowe Price Dynamic Credit Fund (RPELX, 9%)

  • 7. Regan Total Return Income Fund (RCIRX, 9%)

  • 8. Semper MBS Total Return Fund (SEMOX, 9%)

  • 9. Shelton Tactical Credit Fund (DEBIX, 10%)

  • 10. Touchstone Credit Opportunities Fund (TMARX, 10%)

  • 11. Pioneer Securitized Income Fund (SIFFX, 13%)

Top ten non-traditional bond funds

We used one-year return data from money.usnews.com to rank the top ten non-traditional bond funds.

  • Spectrum Low Volatility Fund (SVARX, 6%)
  • The Spectrum Low Volatility Fund (MUTF:SVARX) invests primarily in a diversified portfolio of income-producing fixed income securities. SVARX has returned almost 1% in the last six months and more than 12% in the last three years, and its total assets exceed $310 million. The two main holdings of the fund are: Fidelity® Inv MM Fds Government and AlphaCentric Income Opportunities.

  • Columbia Mortgage Opportunities Fund (CLMAX, 7%)
  • Columbia Mortgage Opportunities Fund (MUTF:CLMAX) invests primarily in mortgage-related assets and debt securities of any maturity. CLMAX has been in the red for the past six months returning around -1%. It has grown by almost 7% over the past three years and its total assets exceed $4.2 billion. The two main holdings of the fund are: Government National Mortgage Association 2.5% and Federal National Mortgage Association 2.5%.

  • PartnerSelect Hi Inc Alt Fd (MAHIX, 7%)
  • iMGP High Income Alternative Fund (MUTF:MAHIX) uses a combination of strategies which it believes offer attractive risk-return characteristics. MAHIX has earned nearly 2% in the past six months and nearly 6% in the past three years, and its total assets exceed $100 million. The two main holdings of the fund are: US Treasuries 2.625% and US Treasuries 1.75%.

  • BrandywineGLOBAL – Alternative Credit Fd (LMAPX, 8%)
  • BrandywineGLOBAL – Alternative Credit Fund (MUTF:LMAPX) uses a flexible, long and short global credit approach. The fund has the ability to hedge or increase exposure to certain risks, based on the macro views of the sub-advisor. LMAPX has returned -0.25% in the last six months and almost 4% in the last three years, and its total assets exceed $211 million. The two main holdings of the fund are: Federal Home Loan Mortgage Corporation 6.086% and Cd 2016-Cd2 Mortga 4.13148%.

  • T. Rowe Price Dynamic Credit Fund (RPELX, 9%)
  • Under normal circumstances, T. Rowe Price Dynamic Credit Fund (MUTF:RPELX) invests in credit instruments and derivatives. This fund may invest in debt securities of any credit rating. RPELX is down about 1% in the last six months and its total assets exceed $40 million. The fund’s top three holdings are: 10 Year Treasury Note Future Dec 21, T. Rowe Price Gov. Reserve and Long-Term Euro BTP Future Dec 21.

  • Regan Total Return Income Fund (RCIRX, 9%)
  • Regan Total Return Income Fund (MUTF:RCIRX) invests primarily in mortgage-backed securities (MBS) with a weighted average life ranging from zero to 10 years. RCIRX has returned 3% over the past six months and its total assets exceed $89 million. The three main holdings of the fund are: First American Government Obligs X, Harborview Mtg Loan Trust 0.45% and Harborview Mtg Loan Trust 0.59%.

  • Semper MBS Total Return Fund (SEMOX, 9%)
  • Semper MBS Total Return Fund (MUTF:SEMOX) invests primarily in mortgage-backed securities with a weighted average maturity between one and 10 years. It may also invest in MBS rated below investment grade. SEMOX has returned more than 2% in the last six months and more than 1% in the last three years, and its total assets exceed $1.1 billion. The two main holdings of the fund are: Federal National Mortgage Association 3.34% and Csmc 6.25%.

  • Shelton Tactical Credit Fund (DEBIX, 10%)
  • Shelton Tactical Credit Institutional (MUTF:DEBIX) normally invests in various credit-related instruments and may invest up to 100% of its net assets in any class of such credit-related instruments. DEBIX has returned nearly 1% over the past six months and nearly 5% over the past three years, and its total assets exceed $54 million. The two main holdings of the fund are: MURRAY CITY UTAH HOSP REV 0.07% and NEW YORK NY 0.09%.

  • Touchstone Credit Opportunities Fund (TMARX, 10%)
  • Touchstone Credit Opportunities Fund (MUTF:TMARX) seeks absolute total return and invests at least 80% of its assets in US and non-US debt securities. TMARX has returned nearly 3% over the past six months and nearly 8% over the past three years, and its total assets exceed $295 million. The two main holdings of the fund are: Dreyfus Government Cash Mgmt Instl and Altice Financing SA 5%.

  • Pioneer Securitized Income Fund (SIFFX, 13%)
  • Pioneer Securitized Income Fund (MUTF:SIFFX) invests primarily in securitized asset instruments, including MBS, asset-backed securities (ABS) and securitized asset instruments. It can also invest in credit-linked notes (CLN) and custodial receivers. SIFFX has returned over 3% in the past six months and its total assets exceed $23 million. The two main holdings of the fund are: Rmf Buyout Issuance Trust 2020-1 6% and VELOCITY COMMERCIAL CAPITAL LOAN TRUST 5.69%.

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