2 / 5 Stars
3 3 1 1 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 22 Multicurrency 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 -8.55 percent over the past year, -1.57 percent over the past three years, 4.86 percent over the past five years, and 2.04 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-4.0%|
|3 Years (Annualized)||-1.6%|
|5 Years (Annualized)||4.9%|
|10 Years (Annualized)||2.0%|
The investment seeks high total return. To pursue its objective, under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in instruments that provide investment exposure to the currencies of, and in fixed income instruments denominated in the currencies of, emerging markets at the time of purchase. Emerging markets include countries in Asia, Africa, the Middle East, Latin America, and Europe. It also may invest up to 15% of its total assets in high yield debt securities. The fund is non-diversified.
Fees are High compared to funds in the same category.
Lord Abbett Emerging Markets Currency Fund has an expense ratio of 1.41 percent.
Risk is Low compared to funds in the same category according to Morningstar.