Well, we might have a big surprise for you.
For many years, we have been publishing our FX2 high-yielding bond ideas as they were added to our FX2 client portfolios. The relatively standard benchmarks shown below are compared by Year-to-Date (YTD),Trailing 1 year, Trailing 3 year and Trailing 5 year returns, using the High-Yield Bond Mutual Fund database provided by Morningstar.
We estimate that Morningstar tracks the performance of and benchmarks close to 800 High-Yielding Bond Mutual Funds, and on October 19, 2017, this is how FX2 compared to Morningstar’s high-yield bond database:
Year-to-Date, FX2 returns were up 16.28%, and outperformed every high-yield bond mutual fund that was listed. The best performing high-yield bond fund we could identify on Morningstar in YTD return was Fidelity Capital & Income, up 10.40%.
FX2 Beat the top performing high-yield bond mutual fund in YTD return by 56.53 %
Trailing 1 Year
For a 1 Year period, FX2 returns were up 17.80%, outperforming all high-yield mutual funds that were listed. The best performing high-yield bond fund in Trailing 1 year return that we could identify on Morningstar was Catalyst/SMH High Income I, up 15.50%.