| Top 10 | Portfolio net assets ($M) | 1-year return | 3-year return | 5-year return | Expense ratio* |
|---|---|---|---|---|---|
| Voya Investment Grade Credit Fund SMA (ISCFX) | $100.0 | 7.74% | 5.78% | 7.37% | 0.00% |
| Putnam Income Fund A (PINCX) | $1,378.7 | 5.86% | 5.69% | 10.33% | 0.87% |
| Guggenheim Investment Grade Bond Fund A (SIUSX) | $115.2 | 5.81% | 6.06% | 6.74% | 1.04% |
| Dodge & Cox Income Fund (DODIX) | $25,708.8 | 4.06% | 4.45% | 6.58% | 0.43% |
| TIAA-CREF Social Choice Bond Fund Institutional (TSBIX) | $111.6 | 3.88% | N/A | N/A | 0.40% |
| BlackRock Total Return Fund (MPHQX) | $2,936.3 | 3.82% | 5.49% | 7.86% | 0.61% |
| MassMutual Select Strategic Bond Fund R5 (MBSSX) | $175.5 | 3.70% | 4.75% | 7.79% | 0.58% |
| Oppenheimer Core Bond Fund A (OPIGX) | $1,105.1 | 3.65% | 5.54% | 8.88% | 0.91% |
| Federated Intermediate Corporate Bond Fund Institutional (FIIFX) | $250.3 | 3.65% | 4.41% | 6.90% | 0.57% |
| Western Asset Core Bond Fund I (WATFX) | $2,843.5 | 3.63% | 4.13% | 9.02% | 0.49% |
| Bottom 5 | |||||
| Target Intermediate-Term Bond Portfolio T (TAIBX) | $126.8 | -0.47% | 2.94% | 4.90% | 0.81% |
| New Covenant Income Fund (NCICX) | $303.6 | 0.24% | 0.94% | 3.86% | 0.95% |
| Capital Group Core Bond Fund (CCBPX) | $306.5 | 0.94% | 2.22% | N/A | 0.40% |
| CNR Intermediate Fixed Income Fund N (RIMCX) | $224.9 | 1.02% | 3.16% | 5.14% | 1.06% |
| Steward Select Bond Fund Institutional (SEACX) | $145.8 | 1.10% | 1.84% | 3.34% | 0.67% |
| Classification total/average | $495,792.6 | 2.22% | 3.55% | 5.93% | 0.85% |
| Barclays U.S. Aggregate Bond Total Return | 2.08% | 3.29% | 4.84% |
| Top 10 | Portfolio net assets ($M) | 1-year return | 3-year return | 5-year return | Expense ratio* |
|---|---|---|---|---|---|
| Third Avenue Focused Credit Fund Institutional (TFCIX) | $3,054.1 | 15.39% | 10.95% | N/A | 0.91% |
| Loomis Sayles Institutional High Income Fund Institutional (LSHIX) | $709.6 | 12.23% | 10.16% | 15.71% | 0.68% |
| Fidelity Capital & Income Fund (FAGIX) | $10,346.7 | 10.72% | 7.88% | 15.54% | 0.73% |
| Federated High Yield Trust Services (FHYTX) | $681.9 | 10.53% | 10.53% | 15.62% | 1.01% |
| MassMutual Premier High Yield Fund Service (DLHYX) | $260.1 | 10.32% | 10.96% | 14.09% | 0.75% |
| Guggenheim High Yield Fund A (SIHAX) | $136.2 | 9.88% | 7.53% | 12.91% | 1.18% |
| BlackRock High Yield Bond Portfolio Institutional (BHYIX) | $14,210.5 | 9.85% | 9.40% | 15.55% | 0.64% |
| Waddell & Reed Advisors High Income Fund A (UNHIX) | $2,349.4 | 9.38% | 10.76% | 14.00% | 1.04% |
| Delaware High-Yield Bond Portfolio (DPHYX) | $138.8 | 9.35% | 9.41% | 14.68% | 0.57% |
| Nuveen High Income Bond Fund I (FJSYX) | $956.7 | 9.10% | 9.12% | 14.54% | 0.73% |
| Bottom 5 | |||||
| Wells Fargo Advantage Short-Term Hi Yield Bond Fund Inv (STHBX) | $1,738.3 | 3.48% | 3.99% | 5.64% | 0.86% |
| RiverPark Short-Term High Yield Fund Institutional (RPHIX) | $890.6 | 3.88% | 3.85% | N/A | 0.91% |
| Intrepid Income Fund Institutional (ICMUX) | $106.9 | 4.08% | 4.52% | N/A | 0.90% |
| First Trust Short Duration High Income A (FDHAX) | $150.1 | 4.34% | N/A | N/A | 1.25% |
| JPMorgan Short Duration High Yield Fund Select (JSDSX) | $253.4 | 4.65% | N/A | N/A | 0.66% |
| Classification total/average | $283,512.0 | 7.29% | 7.71% | 12.69% | 1.14% |
| Barclays U.S. High Yield 2% Issuer Cap Total Return | 8.30% | 8.89% | 13.95% |
| Top 10 | Portfolio net assets ($M) | 1-year return | 3-year return | 5-year return | Expense ratio* |
|---|---|---|---|---|---|
| Eaton Vance Bond Fund I (EVBIX) | $636.7 | 11.57% | N/A | N/A | 0.70% |
| Leader Total Return Fund Investor (LCTRX) | $168.5 | 8.90% | 7.56% | N/A | 1.87% |
| Loomis Sayles Fixed Income Fund Institutional (LSFIX) | $1,373.7 | 7.93% | 8.24% | 12.53% | 0.57% |
| Lord Abbett Bond-Debenture Fund A (LBNDX) | $9,101.8 | 7.91% | 7.75% | 11.99% | 0.96% |
| Thornburg Strategic Income Fund Institutional (TSIIX) | $1,041.5 | 7.35% | 7.45% | 11.87% | 0.94% |
| JNL/PPM America Strategic Income Fund A | $108.7 | 7.13% | N/A | N/A | 0.82% |
| Putnam Diversified Income Trust A (PDINX) | $6,110.5 | 6.40% | 4.93% | 11.84% | 0.99% |
| Nuveen Strategic Income Fund I (FCBYX) | $715.0 | 6.15% | 6.88% | 10.37% | 0.60% |
| Hartford Strategic Income Fund A (HSNAX) | $530.3 | 6.08% | 5.78% | 9.29% | 0.95% |
| PIMCO Income Fund;Institutional (PIMIX) | $34,114.5 | 5.94% | 10.53% | 14.74% | 0.45% |
| Bottom 5 | |||||
| Free Market Fixed Income Fund (FMFIX) | $1,655.4 | -0.03% | 0.92% | 1.69% | 0.81% |
| GuidePath Fixed Income Allocation Fund Services (GPIFX) | $213.2 | 0.76% | N/A | N/A | 1.49% |
| GuideMark Opportunistic Fixed Income Fund Services (GMIFX) | $209.5 | 0.79% | 3.54% | N/A | 1.57% |
| Payden/Kravitz Cash Balance Plan Fund Adviser (PKCBX) | $163.6 | 0.95% | 1.70% | 2.21% | 1.50% |
| Eaton Vance Short Duration Strategic Income Fund B (EVSGX) | $1,950.7 | 1.14% | 2.75% | 5.77% | 1.91% |
| Classification total/average | $156,132.8 | 4.39% | 5.21% | 9.02% | 1.16% |
| Barclays U.S. Aggregate Bond Total Return | 2.08% | 3.29% | 4.84% |
| Top 10 | Portfolio net assets ($M) | 1-year return | 3-year return | 5-year return | Expense ratio* |
|---|---|---|---|---|---|
| Wells Fargo Advantage CoreBuilder Shares - M (WFCMX) | $145.1 | 4.78% | 8.76% | 9.95% | 0.00% |
| Clearwater Tax-Exempt Bond Fund (QWVQX) | $483.6 | 4.68% | 7.72% | 7.69% | 0.71% |
| Wells Fargo Advantage Municipal Bond Fund Investor (SXFIX) | $2,899.1 | 4.05% | 6.92% | 7.80% | 0.78% |
| Sit Tax-Free Income Fund (SNTIX) | $151.9 | 3.73% | 6.99% | 7.13% | 0.90% |
| Vanguard Long-Term Tax-Exempt Fund Investor (VWLTX) | $8,030.3 | 3.59% | 6.05% | 5.94% | 0.20% |
| Fidelity Tax-Free Bond Fund (FTABX) | $2,354.3 | 3.41% | 6.04% | 6.03% | 0.47% |
| Northern Tax-Exempt Fund (NOTEX) | $754.2 | 3.39% | 5.69% | 5.58% | 0.47% |
| BNY Mellon Municipal Opportunities Fund M (MOTMX) | $940.3 | 3.25% | 7.02% | 7.66% | 0.71% |
| Vanguard High-Yield Tax-Exempt Fund Investor (VWAHX) | $7,358.0 | 3.24% | 6.64% | 6.91% | 0.20% |
| Fidelity Municipal Income Fund (FHIGX) | $5,485.4 | 3.17% | 5.78% | 5.98% | 0.46% |
| Bottom 5 | |||||
| Lord Abbett AMT Free Municipal Bond Fund A (LATAX) | $129.2 | -0.20% | 6.52% | N/A | 0.60% |
| Manning & Napier Diversified Tax Exempt Series (EXDVX) | $351.5 | 0.07% | 2.01% | 3.28% | 0.58% |
| Ivy Municipal Bond Fund C (WMBCX) | $138.2 | 0.37% | 4.07% | 4.87% | 1.76% |
| JPMorgan Tax Aware Income Opportunities Fund A (JTAAX) | $445.3 | 0.48% | 1.64% | N/A | 0.75% |
| Eaton Vance National Municipal Income Fund B (EVHMX) | $3,307.6 | 0.73% | 6.74% | 6.55% | 1.52% |
| Classification total/average | $110,722.5 | 2.05% | 5.73% | 6.02% | 0.99% |
| Barclays Municipal Bond Total Return | 2.79% | 5.25% | 5.61% |
| Top 10 | Portfolio net assets ($M) | 1-year return | 3-year return | 5-year return | Expense ratio* |
|---|---|---|---|---|---|
| Franklin Real Return Fund A (FRRAX) | $348.9 | 3.03% | 1.31% | 3.64% | 0.92% |
| Allianz Fixed Income Shares Series R (FXIRX) | $248.2 | 1.17% | 6.81% | 10.08% | 0.05% |
| JPMorgan Inflation Managed Bond Fund Select (JRBSX) | $1,559.8 | 0.75% | 1.84% | N/A | 0.61% |
| Lord Abbett Inflation Focused Fund A (LIFAX) | $942.8 | 0.59% | 1.87% | N/A | 0.75% |
| SEI Real Return Fund A (RRPAX) | $222.7 | 0.55% | 0.85% | 2.90% | 0.28% |
| SEI Institutional Managed Real Return Fund A (SRAAX) | $288.6 | 0.22% | 0.49% | N/A | 0.84% |
| American Century Short Duration Inflation Protected Bond Inv (APOIX) | $1,235.5 | -0.01% | 1.90% | 4.50% | 0.57% |
| AllianceBernstein Bond Inflation Strategy 1 (ABNOX) | $419.3 | -0.06% | 2.23% | N/A | 0.65% |
| Columbia Inflation Protected Securities Fund A (APSAX) | $277.5 | -0.26% | 3.41% | 4.96% | 0.85% |
| Nuveen Inflation Protected Securities Fund I (FYIPX) | $333.1 | -0.31% | 3.38% | 5.79% | 0.56% |
| Bottom 5 | |||||
| Delaware Inflation Protected Bond Fund Institutional (DIPIX) | $112.1 | -4.78% | -0.37% | 3.38% | 0.59% |
| Hartford Inflation Plus Fund A (HIPAX) | $1,176.3 | -2.58% | 2.26% | 4.63% | 0.85% |
| Pimco Real Return Asset Fund Institutional (PRAIX) | $392.7 | -2.01% | 5.91% | 9.39% | 0.55% |
| American Century Inflation Adjusted Bond Fund Inv (ACITX) | $3,192.0 | -1.70% | 2.70% | 4.93% | 0.47% |
| MFS Inflation-Adjusted Bond Fund I (MIAIX) | $1,054.9 | -1.62% | 2.49% | 4.67% | 0.65% |
| Classification total/average | $78,139.7 | -0.95% | 2.30% | 4.81% | 0.82% |
| Barclays U.S. TIPS Total Return | -0.93% | 3.19% | 5.35% |
| Top 10 | Portfolio net assets ($M) | 1-year return | 3-year return | 5-year return | Expense ratio* |
|---|---|---|---|---|---|
| Highland Floating Rate Opportunities Fund A (HFRAX) | $1,069.9 | 11.21% | 9.96% | 12.99% | 1.30% |
| Natixis Loomis Sayles Senior Float Rate and Fixd Income Y (LSFYX) | $1,517.6 | 5.84% | N/A | N/A | 0.85% |
| Nuveen Symphony Floating Rate Income Fund A (NFRAX) | $1,019.8 | 5.70% | 6.97% | N/A | 1.07% |
| Hartford Floating Rate High Income Fund A (HFHAX) | $526.8 | 5.51% | N/A | N/A | 1.07% |
| Fidelity Series Floating Rate High Income Fund (FFHCX) | $1,485.3 | 5.50% | N/A | N/A | 0.72% |
| BlackRock Secured Credit Portfolio Investor A (BMSAX) | $196.7 | 5.17% | 6.04% | N/A | 0.97% |
| Guggenheim Floating Rate Strategies Fund Institutional (GIFIX) | $1,323.3 | 4.77% | N/A | N/A | 0.81% |
| Oppenheimer Senior Floating Rate Fund A (OOSAX) | $20,643.0 | 4.70% | 5.06% | 10.41% | 1.17% |
| RS Floating Rate Fund Y (RSFYX) | $2,755.0 | 4.55% | 5.23% | N/A | 0.79% |
| JPMorgan Floating Rate Income Fund Select (JPHSX) | $4,563.1 | 4.53% | 4.89% | N/A | 0.78% |
| Bottom 5 | |||||
| Pacific Life Floating Rate Loan Fund P | $123.6 | 2.90% | 4.48% | 7.00% | 0.80% |
| Eaton Vance Floating-Rate & High Income Fund C (ECFHX) | $2,570.1 | 2.90% | 4.04% | 8.17% | 1.82% |
| Neuberger Berman Floating Rate Income Fund A (NFIAX) | $604.3 | 2.93% | 4.42% | N/A | 1.09% |
| DoubleLine Floating Rate Fund I (DBFRX) | $369.5 | 3.06% | N/A | N/A | 0.92% |
| Eaton Vance Floating-Rate Fund Institutional (EIBLX) | $15,264.8 | 3.14% | 4.48% | 8.34% | 0.74% |
| Classification total/average | $144,127.7 | 3.95% | 4.76% | 8.21% | 1.16% |
| S&P/LSTA Leveraged Loan Total Return | 4.43% | 5.15% | 9.24% |
Assets as of April 30, returns as of June 3. Distinct classes and funds with $100 million portfolio minimum only. Excludes leveraged and inverse funds. Funds closed to new investors have been omitted for the top-10 grouping. Rankings are based on unrounded figures. Three and five-year returns are annualized. In case of multiple share classes, the oldest share class is listed. N/A = not available (fund has been in operation for less than the year indicated). *Net prospectus Source: Lipper
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
