3 Multisector Bond Medalists With Unique Approaches

Kenneth Oshodi: Multisector bond fund managers have the option to invest across a wide swath of assets. Some of the traditional category trappings include healthy exposures to investment-grade and high-yield corporate debt, government debt, and emerging-markets bonds. But there are quite a few different approaches.

Investors should expect to see a fund's government debt weighting near 10% of assets, but some managers place more of an emphasis on this asset class. For example, the team behind [Silver-rated] Fidelity Strategic Income has been willing to invest more freely here and allocated nearly 40% of portfolio assets to Treasuries in 2015.