About LPCYX
MetLife Core Plus Fund R Class is an actively managed mutual fund focused on generating both capital appreciation and income through a diversified portfolio of fixed income securities. The fund primarily invests in a wide array of investment-grade U.S. bonds, including government, corporate, mortgage-backed, and asset-backed securities. Up to 20% of its assets may be allocated to high yield bonds and non-U.S. securities, broadening its risk and return profile to include select emerging market and below-investment-grade opportunities.
The fund employs a core plus strategy, which combines a stable foundation of high-quality bonds with tactical allocations to higher-yielding sectors, such as high yield corporate debt and foreign bonds, to enhance performance. MetLife Core Plus Fund R Class also utilizes derivative instruments, including U.S. Treasury futures and credit default swaps, primarily for hedging, risk management, and efficient portfolio exposure.
Positioned within the intermediate-term core bond category, the fund plays a vital role for institutional and retirement plan investors seeking a blend of income and modest capital growth while managing interest rate and credit risk. Managed by MetLife Investment Management, the fund is structured to provide diversified exposure amid changing market conditions, with a focus on prudent security selection and sector rotation.
Fund Family MetLife Investment Management
Category Intermediate Core Bond
Performance Rating Low
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol LPCYX
Share Class R Class Shares
Index Bloomberg U.S. Aggregate Bond TR
LPCYX had a total return of -6.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been -0.28%.
