3 / 5 Stars
3 4 1 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#12 in Emerging Markets Bond
U.S. News evaluated 94 Emerging Markets Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -7.59 percent over the past year, 5.09 percent over the past three years, 11.86 percent over the past five years, and 7.90 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-1.8%|
|3 Years (Annualized)||5.1%|
|5 Years (Annualized)||11.9%|
|10 Years (Annualized)||7.9%|
The investment seeks maximum current income by investing in high-yield debt securities of non-U.S. issuers; capital appreciation is a secondary objective. The fund invests in securities rated below investment grade at levels at least equal to the percentage of below investment grade debt found in the fund's primary benchmark. It will invest a significant amount of its assets in securities issued by governments, their agencies and authorities, and corporations that are located in at least three different foreign countries. The fund may invest up to 15% of its total assets in swaps, including credit default swaps. It is non-diversified.
Fees are High compared to funds in the same category.
MainStay Global High Income Fund has an expense ratio of 1.16 percent.
Risk is Average compared to funds in the same category according to Morningstar.