3 / 5 Stars
4 4 1 4 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#23 in World Bond
U.S. News evaluated 97 World 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 0.82 percent over the past year, 3.22 percent over the past three years, 9.13 percent over the past five years, and 5.10 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.3%|
|3 Years (Annualized)||3.2%|
|5 Years (Annualized)||9.1%|
|10 Years (Annualized)||5.1%|
Co-manager Ken Buntrock says it’s “an upside down world right now,” because many countries like Mexico and Indonesia that management once avoided are now areas where his team looks to invest. “The formerly high-quality sovereigns are suffering from pressure on their fiscal balances and probably at some point on their ratings, and in the meantime, some of the emerging markets are enjoying ratings upgrades like Brazil,” he says. The fund is currently overweighting currencies including the Canadian dollar and the Mexican peso, and like many other funds, is focusing on corporate and high-yield bonds because of sovereign debt concerns. Buntrock adds that management is also pursuing what he calls the “emerging tigers,” including Singapore and Korea.
The investment seeks high total investment return through a combination of high current income and capital appreciation. The fund normally invests at least 80% of its net assets in fixed-income securities (for example, bonds and other investments that Loomis Sayles believes have similar economic characteristics, such as notes, debentures and loans). It invests primarily in investment-grade fixed-income securities worldwide, although it may invest up to 20% of its assets in below investment-grade fixed-income securities. The fund's fixed-income securities investments may include unrated securities. It may invest in fixed-income securities of any maturity.
Fees are Low compared to funds in the same category.
Loomis Sayles Global Bond Fund has an expense ratio of 0.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.