The Best and Worst Investments of 2013

By Ben Steverman - 2013-12-06T18:41:13Z

Priceline.com spokesman William Shatner. Photograph by Susan Smith/Priceline.com via AP Photo

Company Symbol % Change
10 of 22

Best Bond Fund

Lord Abbett Convertible Fund

+23.4%

The top-performing bond fund's key advantage this year was its equity-like characteristics. Lord Abbett Convertible Fund (LACFX) invests in convertible securities, which are bonds that can be swapped at certain times for company stock. The fund's top two holdings are Gilead Sciences and Priceline.com (PCLN). Overall, regular bonds had a disappointing year. The broad Barclays Aggregate Bond Index delivered a negative return of 1.7 percent.

Of 747 open-ended fixed income mutual funds based in the U.S. with assets of $500 million or more.

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