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Best Mutual Funds Awards: Best U.S. Taxable Bond Funds

If you're evaluating mutual funds for your investment portfolio or retirement account, this list highlights the best U.S. taxable bond funds to consider now, based on each fund outperforming the Bloomberg Barclays U.S. Aggregate Bond Index over the last one-, three-, five- and 10-year periods. Shaded cells indicate the best-of-the-best funds based on 10-year performance. Of 668 U.S. taxable bond funds at least 10 years old, 174 of them, or 26%, won awards.

Note: Due to recent changes in Morningstar categories, the number of Best Mutual Funds Awards among U.S. taxable bond funds was 174, an increase from what was reported on March 22.

All returns as of Dec. 31, 2020.

View Full Special Report: Best Mutual Funds Awards

View All Award-Winning Funds In Each Category

Best U.S. Taxable Bond Funds

Mutual Fund Symbol 1-year total return (%) 3-year average annual return (%) 5-year average annual return (%) 10-year average annual return (%) Morningstar category Closed to new inv
Benchmark: BBgBarc US Agg Bond 7.51 5.34 4.44 3.84
Virtus AllianzGI Convertible Inst ANNPX 55.82 26.60 19.87 13.58 Convertibles No
Franklin Convertible Securities A FISCX 46.22 23.60 19.13 12.78 Convertibles Yes
Lord Abbett Convertible I LCFYX 64.31 25.66 21.17 12.69 Convertibles No
Columbia Convertible Securities A PACIX 47.88 22.69 18.77 12.54 Convertibles No
PIMCO Extended Duration Instl PEDIX 24.73  12.41 10.45 11.21 Long Government No
Putnam Convertible Securities A PCONX 44.97 20.35 17.01 11.15  Convertibles No
Fidelity Convertible Securities FCVSX 42.59 21.78 15.98 10.81  Convertibles No
TETON Convertible Securities AAA WESRX 27.22 16.21 14.42 10.80  Convertibles No
Invesco Convertible Securities Y CNSDX 44.69 20.16 15.29 10.61 Convertibles No
Calamos Convertible A CCVIX 48.45 21.15 16.24 10.08 Convertibles No
PIMCO Long-Term Credit Bond Instl PTCIX 13.26 9.88 10.97 9.66 Long-Term Bond No
MainStay MacKay Convertible B MCSVX 33.68 16.02 13.61 9.53 Convertibles Yes
Wasatch-Hoisington US Treasury WHOSX 20.07 10.59 8.46 8.86 Long Government No
SEI Long Duration A (SIIT) LDRAX 18.20 10.72 10.42 8.71 Long-Term Bond No
Victory INCORE Investment Grd Convert A SBFCX 11.35 9.94 10.67 8.68 Convertibles No
Delaware Extended Duration Bond Inst DEEIX 14.75 9.13 9.44 8.61 Long-Term Bond No
Vanguard Long-Term Investment-Grade Inv VWESX 15.35 9.32 9.53 8.42 Long-Term Bond No
PIMCO Long Duration Total Return Instl PLRIX 17.77 10.31 10.16 8.34 Long-Term Bond No
Vanguard Long-Term Corporate Bd Idx Ins VLCIX 13.76 9.28 10.17 8.28 Long-Term Bond No
Vanguard Long-Term Bond Index Instl VBLLX 16.24 9.80 9.35 8.14 Long-Term Bond No
Fidelity® Long-Term Trs Bd Index FNBGX 17.81 9.79 7.77 7.68 Long Government No
Vanguard Long-Term Treasury Inv VUSTX 18.28 9.81 7.79 7.64 Long Government No
PIMCO Long-Term US Government Instl PGOVX 17.89 9.39 7.68 7.56 Long Government No
Loomis Sayles High Income Opps Instl LSIOX 9.24 6.53 8.71 7.42 High Yield Bond No
GuideStone Funds Extended-Dur Bd Instl GEDYX 12.8 7.46 8.08 7.40 Long-Term Bond No
Miller Convertible Bond I MCIFX 20.05 8.65 8.55 7.25  Convertibles No
Fidelity Capital & Income FAGIX 10.24 7.29 8.84 7.24 High Yield Bond No
T. Rowe Price US Trs LongTerm Idx PRULX 18.23 9.79 7.60 7.23 Long Government No
Fidelity Advisor High Income Advtg M FAHYX 8.67 6.46 8.79 7.12 High Yield Bond No
AB FlexFee High Yield Advisor HIYYX 8.84 6.86 8.39 6.99 High Yield Bond No
PIMCO Long-Term Real Return Instl PRAIX 27.21 11.67 10.33 6.96 Inflation-Protected Bond No
Calvert Core Bond A CLDAX 14.55 9.25 8.80 6.93 Long-Term Bond No
Victory High Yield A GUHYX 7.61 7.43 9.48 6.65 High Yield Bond No
Morgan Stanley Inst Corporate Bond I MPFDX 10.31 7.06 8.58 6.59 Corporate Bond No
Lord Abbett Bond-Debenture A LBNDX 7.60 5.48 7.57 6.49 Multisector Bond No
Voya Investment Grade Credit SMA ISCFX 13.14 8.57 8.24 6.47 Corporate Bond No
Diamond Hill Corporate Credit Inv DSIAX 9.49 7.39 8.32 6.44 High Yield Bond No
Federated Hermes Corporate Bond Strategy FCSPX 11.88 8.22 8.25 6.38 Corporate Bond No
American Century Zero Coupon 2025 Inv BTTRX 13.04 6.57 5.12 6.35 Intermediate Government No
Great-West High Yield Bond Inv MXHYX 10.79 6.79 8.45 6.33 High Yield Bond No
BMO Corporate Income I MCIIX 10.91 7.26 8.20 6.29 Corporate Bond No
Delaware Corporate Bond Inst DGCIX 11.63 7.67 7.22 6.26 Corporate Bond No
Macquarie Pooled High Yield Bond DPHYX 7.51 5.76 7.63 6.25 High Yield Bond No
Western Asset Corporate Bond A SIGAX 10.80 6.89 7.17 6.23 Corporate Bond No
PIMCO Fixed Income SHares M FXIMX 9.12 6.54 7.59 6.17 Multisector Bond No
Payden Corporate Bond PYACX 8.64 6.43 6.93 6.17 Corporate Bond No
Virtus Seix High Yield I SAMHX 9.93 6.85 8.14 6.11 High Yield Bond No
BlackRock Allocation Target Shrs Ser C BRACX 11.45 7.59 6.98 6.09 Corporate Bond No
Invesco Corporate Bond A ACCBX 11.40 7.33 7.46 6.03 Corporate Bond No
Virtus Seix Corporate Bond I STICX 17.82 8.49 8.10 6.01 Corporate Bond No
AB Corporate Income ACISX 11.24 7.96 7.19 6.01 Corporate Bond No
Fidelity Advisor Corporate Bond I FCBIX 10.74 7.25 6.99 6.00 Corporate Bond No
Western Asset SMASh Series M LMSMX 12.87 7.24 6.48 5.99 Intermediate Core-Plus Bond No
TCW High Yield Bond I TGHYX 10.02 7.52 7.38 5.91 High Yield Bond No
Morgan Stanley Inst Core PlsFxdInc Instl MPFIX 7.82 5.93 7.16 5.90 Intermediate Core-Plus Bond No
Hartford Strategic Income I HSNIX 12.54 7.43 8.05 5.89 Multisector Bond No
Great-West Multi-Sector Bond Investor MXLMX 9.10 5.71 6.93 5.87 Multisector Bond No
Goldman Sachs Investment Grd Crdt SAI GSCPX 10.23 7.41 6.79 5.85 Corporate Bond No
PIMCO Fixed Income SHares R FXIRX 16.58 8.08 7.01 5.82 Inflation-Protected Bond No
PIA BBB Bond PBBBX 9.36 7.30 7.29 5.82 Corporate Bond No
Buffalo High-Yield BUFHX 9.27 6.25 6.28 5.81 High Yield Bond No
Vanguard Interm-Term Corp Bd Idx Instl VICBX 9.56 7.06 6.40 5.74 Corporate Bond No
Columbia Corporate Income Inst SRINX 11.40 7.40 7.33 5.74 Corporate Bond No
Loomis Sayles High Income A NEFHX 8.16 5.34 7.59 5.72 High Yield Bond No
Thornburg Strategic Income I TSIIX 8.25 5.56 6.24 5.60 Multisector Bond No
Lord Abbett Income A LAGVX 7.95 5.85 6.64 5.59 Corporate Bond No
Guggenheim Investment Grade Bond A SIUSX 14.56 6.41 6.11 5.55 Intermediate Core-Plus Bond No
T. Rowe Price Corporate Income PRPIX 7.87 6.21 6.05 5.46 Corporate Bond No
Metropolitan West High Yield Bond M MWHYX 11.45 7.30 7.21 5.46 High Yield Bond No
MFS Corporate Bond A MFBFX 10.99 7.12 6.65 5.44 Corporate Bond No
Thrivent Income A LUBIX 11.59 7.15 6.65 5.42 Corporate Bond No
Federated Hermes Corporate Bond F ISHIX 8.83 6.34 6.77 5.41 Corporate Bond No
Western Asset Core Plus Bond I WACPX 9.39 6.56 6.28 5.41 Intermediate Core-Plus Bond No
USAA Intermediate-Term Bond USIBX 9.35 6.34 6.32 5.33 Intermediate Core-Plus Bond No
DFA Intermediate-Term Extnd Qlty I DFTEX 10.26 6.97 6.09 5.30 Corporate Bond No
Dunham High-Yield Bond N DNHYX 7.70 5.70 6.92 5.28 High Yield Bond No
Nuveen Strategic Income I FCBYX 8.42 5.92 6.52 5.27 Multisector Bond No
PIMCO Fixed Income SHares C FXICX 9.77 6.29 5.21 5.24 Multisector Bond No
Pax High Yield Bond Investor PAXHX 7.80 6.04 7.62 5.19 High Yield Bond No
GMO Multi-Sector Fixed Income III GUGAX 7.88 6.49 5.04 5.18 Intermediate Core-Plus Bond No
Carillon Reams Core Plus Bond I SCPZX 16.56 8.35 6.40 5.17 Intermediate Core-Plus Bond No
Pacific Funds Core Income I PLIIX 8.70 5.97 5.67 5.10 Intermediate Core-Plus Bond No
Loomis Sayles Investment Grade Bond Y LSIIX 11.68 6.68 6.57 5.07 Intermediate Core-Plus Bond No
Delaware Investment Grade A FIIGX 11.88 7.20 6.10 5.04 Corporate Bond No
Invesco Core Plus Bond Y CPBYX 9.82 6.11 5.80 5.02 Intermediate Core-Plus Bond No
PGIM Total Return Bond A PDBAX 7.77 5.71 5.60 5.00 Intermediate Core-Plus Bond No
Voya Intermediate Bond Port I IPIIX 7.81 5.61 5.24 4.99 Intermediate Core-Plus Bond No
Vanguard Interm-Term Invmt-Grade Inv VFICX 10.30 6.58 5.53 4.99 Corporate Bond No
Leader Capital Leader Total Return Instl LCTIX 12.99 6.96 6.16 4.98 Intermediate Core-Plus Bond No
BMO Core Plus Bond I MCBIX 8.29 5.46 5.70 4.95 Intermediate Core-Plus Bond No
Loomis Sayles Core Plus Bond A NEFRX 10.28 5.94 5.98 4.92 Intermediate Core-Plus Bond No
JHancock Bond A JHNBX 8.81 5.76 5.32 4.92 Intermediate Core-Plus Bond No
BNY Mellon Core Plus Fund Y DCPYX 9.79 6.59 5.94 4.90 Intermediate Core-Plus Bond No
MassMutual Select Strategic Bond R5 MBSSX 8.67 6.15 5.76 4.90 Intermediate Core-Plus Bond No
Western Asset Core Bond I WATFX 9.11 6.19 5.57 4.88 Intermediate Core Bond No
BlackRock Total Return K MPHQX 9.08 5.94 5.12 4.87 Intermediate Core-Plus Bond No
Wells Fargo Core Plus Bond A STYAX 11.30 6.50 6.12 4.84 Intermediate Core-Plus Bond No
Baird Core Plus Bond Inst BCOIX 8.80 6.03 5.49 4.83 Intermediate Core-Plus Bond No
MFS Income A MFIOX 9.45 5.95 6.27 4.81 Intermediate Core-Plus Bond No
Invesco Core Bond A OPIGX 9.22 5.75 4.85 4.80 Intermediate Core Bond No
Goldman Sachs Bond Institutional GSNIX 11.69 6.76 5.25 4.78 Intermediate Core-Plus Bond No
SEI Core Fixed Income A (SIIT) SCOAX 9.47 6.29 5.28 4.75 Intermediate Core Bond No
Columbia Total Return Bond Inst SRBFX 12.27 7.23 6.05 4.74 Intermediate Core-Plus Bond No
PACE Strategic Fixed Income P PCSIX 9.38 6.06 5.59 4.73 Intermediate Core-Plus Bond No
TIAA-CREF Core Plus Bond Instl TIBFX 7.98 5.64 5.28 4.71 Intermediate Core-Plus Bond No
Vanguard Interm-Term Bond Index Inv VBIIX 9.71 6.41 5.13 4.71 Intermediate Core Bond Yes
USAA Income USAIX 8.17 5.82 5.79 4.71 Intermediate Core-Plus Bond No
Voya Intermediate Bond A IIBAX 7.73 5.47 4.93 4.69 Intermediate Core-Plus Bond No
Baird Aggregate Bond Inst BAGIX 8.63 5.84 5.04 4.68 Intermediate Core Bond No
PGIM Corporate Bond Z TGMBX 9.55 6.61 6.72 4.68 Corporate Bond No
Victory Strategic Income Y RSRYX 9.37 5.99 5.96 4.66 Multisector Bond No
Dodge & Cox Income DODIX 9.45 6.19 5.71 4.65 Intermediate Core-Plus Bond No
Macquarie Pooled Core Plus Bond DCPFX 11.25 6.66 5.55 4.63 Intermediate Core-Plus Bond No
Hartford Total Return Bond HLS IA HIABX 9.03 6.17 5.63 4.62 Intermediate Core-Plus Bond No
Fidelity® Total Bond Fund FTBFX 9.33 6.06 5.64 4.60 Intermediate Core-Plus Bond No
Virtus Newfleet Core Plus Bond I SAVYX 7.57 5.51 5.42 4.59 Intermediate Core-Plus Bond No
William Blair Bond R6 BBFIX 7.80 5.48 5.06 4.58 Intermediate Core Bond No
Carillon Reams Core Bond I SCCIX 15.39 8.04 5.95 4.58 Intermediate Core Bond No
MassMutual Premier Diversified Bond R5 MDBSX 8.46 5.88 5.28 4.56 Intermediate Core-Plus Bond No
Changing Parameters CPMPX 13.43 6.18 6.64 4.52 High Yield Bond No
SEI Core Fixed Income F (SIMT) TRLVX 9.02 5.83 4.99 4.52 Intermediate Core Bond No
Nationwide Core Plus Bond R6 NWCIX 8.61 5.68 5.07 4.51 Intermediate Core-Plus Bond No
Hartford Total Return Bond Y HABYX 9.27 6.14 5.52 4.51 Intermediate Core-Plus Bond No
Johnson Institutional Core Bond JIBFX 9.71 6.17 5.17 4.51 Intermediate Core Bond No
Sextant Bond Income SBIFX 8.85 5.86 5.32 4.49 Long-Term Bond No
Metropolitan West Total Return Bd M MWTRX 8.78 5.80 4.55 4.49 Intermediate Core-Plus Bond No
Mercer Core Fixed Income Y3 MCFIX 9.49 6.10 5.23 4.49 Intermediate Core Bond No
Calvert Income A CFICX 8.25 6.28 6.20 4.47 Corporate Bond No
JPMorgan Core Plus Bond I HLIPX 7.92 5.48 4.97 4.47 Intermediate Core-Plus Bond No
TIAA-CREF Core Bond Instl TIBDX 7.87 5.53 5.05 4.45 Intermediate Core-Plus Bond No
Janus Henderson VIT Flexible Bond Instl JAFLX 10.48 6.22 4.94 4.45 Intermediate Core-Plus Bond No
MainStay MacKay Total Return Bond I MTMIX 9.72 5.83 5.38 4.44 Intermediate Core-Plus Bond No
Fidelity Investment Grade Bond FBNDX 9.90 6.34 5.65 4.44 Intermediate Core Bond No
Pioneer Bond A PIOBX 8.49 5.42 4.90 4.44 Intermediate Core-Plus Bond No
Fidelity Series Investment Grade Bond FSIGX 9.91 6.38 5.57 4.44 Intermediate Core Bond Yes
Janus Henderson Flexible Bond D JANFX 10.80 6.31 5.00 4.43 Intermediate Core-Plus Bond Yes
Federated Hermes Total Return Bond IS FTRBX 9.58 6.03 5.49 4.43 Intermediate Core-Plus Bond No
Strategic Advisers Core Income FPCIX 9.37 5.98 5.40 4.42 Intermediate Core-Plus Bond No
Sterling Capital Total Return Bond I BIBTX 9.24 5.95 5.18 4.41 Intermediate Core Bond No
Transamerica Asset Alloc Short Hrzn R4 TSHFX 8.41 5.39 5.17 4.39 Intermediate Core-Plus Bond No
GuideStone Funds Medium-Dur Bd Instl GMDYX 9.20 6.10 5.09 4.39 Intermediate Core Bond No
MFS Total Return Bond I MRBIX 8.84 5.80 5.06 4.37 Intermediate Core-Plus Bond No
Russell Inv Strategic Bond Y RFCYX 8.98 5.90 5.03 4.34 Intermediate Core-Plus Bond No
Goldman Sachs Core Fixed Income Instl GSFIX 9.90 6.27 5.04 4.33 Intermediate Core Bond No
AMG GW&K Enhanced Core Bond ESG Z MFDYX 9.65 6.20 5.20 4.33 Intermediate Core-Plus Bond No
Segall Bryant & Hamill Plus Bond Ret WTIBX 8.49 5.62 5.08 4.30 Intermediate Core-Plus Bond No
GE RSP Income GESLX 8.18 5.51 4.80 4.29 Intermediate Core-Plus Bond No
Delaware Diversified Income A DPDFX 10.51 6.17 5.46 4.27 Intermediate Core-Plus Bond No
Morgan Stanley Pathway Core F/ I TIIUX 8.66 5.88 4.88 4.27 Intermediate Core Bond No
Touchstone Active Bond A TOBAX 9.93 5.88 5.25 4.26 Intermediate Core-Plus Bond No
Federated Hermes Intermediate Corp Bd IS FIIFX 7.55 5.50 4.94 4.26 Corporate Bond No
Elfun Income EINFX 8.01 5.47 4.76 4.23 Intermediate Core-Plus Bond No
State Street Active Core Bond Inv SSFIX 7.86 5.36 4.76 4.23 Intermediate Core-Plus Bond No
Northern Fixed Income NOFIX 7.98 5.37 4.69 4.20 Intermediate Core-Plus Bond No
JHancock Investment Grade Bond A TAUSX 8.29 5.41 4.56 4.19 Intermediate Core Bond No
PIMCO Total Return Instl PTTRX 8.88 5.54 4.86 4.19 Intermediate Core-Plus Bond No
BMO Strategic Income Y MRGIX 10.28 6.64 5.65 4.15 Multisector Bond No
MassMutual Premier Core Bond R5 MCBDX 8.41 5.74 4.91 4.15 Intermediate Core Bond No
DWS Total Return Bond S SCSBX 8.81 5.53 5.24 4.14 Intermediate Core-Plus Bond No
VALIC Company II Core Bond VCCBX 8.73 5.56 4.94 4.14 Intermediate Core-Plus Bond No
Principal Core Plus Bond R5 PBMPX 9.32 5.54 5.00 4.12 Intermediate Core-Plus Bond No
BlackRock Core Bond Instl BFMCX 8.30 5.77 4.63 4.12 Intermediate Core Bond No
Ivy Corporate Bond A IBJAX 10.49 6.60 5.50 4.11 Corporate Bond No
Virtus Seix Total Return Bond I SAMFX 11.12 5.86 4.66 4.11 Intermediate Core-Plus Bond No
Permanent Portfolio Versatile Bond I PRVBX 9.87 7.00 7.14 4.10 Short-Term Bond No
Harbor Bond Institutional HABDX 8.88 5.62 4.99 4.09 Intermediate Core-Plus Bond No
TCW Core Fixed Income I TGCFX 8.79 5.79 4.56 4.08 Intermediate Core Bond No
Aberdeen Total Return Bond A BJBGX 10.53 5.92 5.07 4.07 Intermediate Core Bond No
Columbia Bond Inst UMMGX 9.15 5.86 5.07 4.06 Intermediate Core Bond No
Nationwide Loomis Core Bond Instl Svc NWJJX 8.23 5.61 4.74 4.05 Intermediate Core Bond No
Russell Inv Investment Grade Bond Y RFAYX 9.10 5.76 4.71 4.05 Intermediate Core Bond No
Neuberger Berman Core Bond Inst NCRLX 9.47 5.82 4.82 4.03 Intermediate Core Bond No
Eaton Vance Core Bond I EIGIX 8.16 5.56 4.77 4.02 Intermediate Core-Plus Bond No
American Funds Bond Fund of Amer A ABNDX 10.71 6.10 4.84 4.01 Intermediate Core Bond No
PIMCO Total Return ESG Institutional PTSAX 8.97 5.61 4.84 3.99 Intermediate Core-Plus Bond No
MassMutual Select Total Return Bond I MSPZX 9.21 6.06 4.91 3.96 Intermediate Core-Plus Bond No
DFA Inflation-Protected Securities I DIPSX 11.65 6.13 5.26 3.95 Inflation-Protected Bond No
American Century NT Diversified Bond G ACLDX 8.40 5.41 4.52 3.93 Intermediate Core Bond Yes
PIMCO Total Return II Instl PMBIX 8.35 5.64 5.08 3.92 Intermediate Core Bond No
Optimum Fixed Income Instl OIFIX 9.19 5.61 4.85 3.92 Intermediate Core-Plus Bond No
JPMorgan Core Bond I WOBDX 8.12 5.48 4.50 3.87 Intermediate Core Bond No
T. Rowe Price QM U.S. Bond Index Fund PBDIX 8.15 5.48 4.59 3.87 Intermediate Core Bond No
The 2021 Best Mutual Funds logo and accolades are available for licensing through Investor's Business Daily's partner, The YGS Group. For more information and ordering, please visit www.IBDlicensing.com or call 800-290-5460.
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