Summary
Recent interest-rate increases tank bond prices, but create juicier starting yields. Bank loans, high-yield bonds, and corporate bonds are among the best options. Funds in these categories can complement a diversified portfolio. But it's important to remain cognizant of their unique purposes and risks.
Lead manager Mark Kiesel and company regularly explore out-of-index sectors to add value. The group’s strong credit-picking capabilities make it a good bet to outperform over the long term. The fund yielded 5.2% as of March 2024.
