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Emerging Markets Bond

Daily price w/o sales charge as of 08/16/2019

$5.21

arrowUp$0.01

YTD Returns w/o sales charge as of 08/16/2019

12.14%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Emerging Markets Bond Fund?

The fund seeks to deliver a high total return by primarily investing in debt securities that are tied economically to emerging market countries.

Yield

Dividend Yield 1 as of 08/16/2019  

w/o sales charge 4.81%

30-Day Standardized Yield 2 as of 07/31/2019  

4.17%

Fund Basicsas of 07/31/2019

Total Net Assets
$182.88 M
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
1.28%
Number of Holdings
177

Fund Expense Ratio :

1.28%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 13.41% 10.41% 4.99% 0.61% 1.41% 1.69%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 11.26% 8.80% 4.85% 3.14% 5.96% -
J.P. Morgan Emerging Markets Bond Index Global Diversified 12.66% 10.98% 5.27% 5.47% 7.58% 7.05%

Fund Expense Ratio :

1.28%

Fund Expense Ratio :

1.28%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 11.90% 10.56% 4.66% 0.12% 1.67% 1.58%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 10.06% 10.10% 4.99% 2.84% 6.26% -
J.P. Morgan Emerging Markets Bond Index Global Diversified 11.31% 12.45% 5.47% 5.30% 7.78% 7.00%

Fund Expense Ratio :

1.28%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Region Assets
Latin America
Middle East/Africa
Europe
Asia
North America

Credit Quality Distribution as of 07/31/2019

Rating Assets
AA
A
BBB
BB
B
CCC
Not Rated

Investment Team

John Morton
John J. Morton, CFA

Portfolio Manager

34 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Supported By 69 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 08/16/2019  

w/o sales charge 4.81%

30-Day Standardized Yield 2 as of 07/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.17% 4.17%

Fund Expense Ratio :

1.28%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 13.41% 10.41% 4.99% 0.61% 1.41% 1.69%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 11.26% 8.80% 4.85% 3.14% 5.96% -
J.P. Morgan Emerging Markets Bond Index Global Diversified 12.66% 10.98% 5.27% 5.47% 7.58% 7.05%

Fund Expense Ratio :

1.28%

Fund Expense Ratio :

1.28%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 11.90% 10.56% 4.66% 0.12% 1.67% 1.58%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 10.06% 10.10% 4.99% 2.84% 6.26% -
J.P. Morgan Emerging Markets Bond Index Global Diversified 11.31% 12.45% 5.47% 5.30% 7.78% 7.00%

Fund Expense Ratio :

1.28%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year Fund Returns J.P. Morgan Emerging Markets Bond Index Global Diversified
2018 -6.85% -4.26%
2017 10.42% -
2016 5.38% -
2015 -9.24% -
2014 -5.77% -
2013 -3.35% -
2012 10.23% -
2011 -6.14% -
2010 5.49% -
2009 20.33% -
2008 -11.76% -
2007 7.51% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 7.38% 4.21% - - 12.17%
2018 2.48% -8.01% 1.03% -2.21% -6.85%
2017 5.04% 1.62% 1.99% 1.42% 10.42%
2016 4.06% 1.68% 2.23% -2.57% 5.38%
2015 -3.06% 0.24% -7.35% 0.82% -9.24%
2014 0.84% 2.27% -4.48% -4.34% -5.77%
2013 -0.19% -3.85% 0.28% 0.43% -3.35%
2012 6.95% -2.31% 4.09% 1.36% 10.23%
2011 3.41% 1.70% -9.69% -1.17% -6.14%
2010 2.27% -5.56% 8.98% 0.22% 5.49%
2009 -1.45% 13.28% 6.34% 1.38% 20.33%
2008 2.74% 4.61% -6.22% -12.45% -11.76%
2007 1.17% -1.35% 4.10% 3.48% 7.51%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Sovereign
High Yield Corporate
Investment Grade Corporate
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
S.T & N.O.A
1 - 5 YEARS
6 - 10 YEARS
11 - 20 YEARS
21 - 30 YEARS
31 + YEARS
PFD(EQUITY)

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 07/31/2019

Rating Assets
AA
A
BBB
BB
B
CCC
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Details as of 07/31/2019

Total Net Assets
$182.88 M
Number of Issues
177
Average Coupon
5.81%
Average Life
11.21 Years
Average Maturity
11.41 Years
Average Effective Duration
7.68 Years
Average Modified Duration
7.67 Years

To view definitions for the above Portfolio Details, Click here.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Petroleos Mexicanos5.350% 02/12/20282.5%
Republic of Colombia5.000% 06/15/20451.8%
Republic of El Salvador6.375% 01/18/20271.6%
Dominican Republic International Bond5.950% 01/25/20271.6%
Ecuador Government International Bond8.750% 06/02/20231.5%
Lebanon Government International Bond6.650% 02/26/20301.4%
Nigeria Government International Bond6.500% 11/28/20271.4%
Qatar Government International Bond3.250% 06/02/20261.3%
Pakistan Government International Bond8.250% 04/15/20241.3%
United Mexican States, MTN4.750% 03/08/20441.3%
Ivory Coast Govt Intl Bnd6.375% 03/03/20281.2%
Petroleos Mexicanos6.750% 09/21/20471.2%
Egypt Government International Bond6.588% 02/21/20281.2%
Saudi Government International Bond3.250% 10/26/20261.2%
Ecuador Government International Bond7.875% 01/23/20281.1%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20281.1%
Angolan Government International Bond8.250% 05/09/20281.1%
Egypt Government International Bond6.125% 01/31/20221.1%
Oman Government International Bond4.750% 06/15/20261.1%
Dominican Republic International Bond6.850% 01/27/20451.1%
Republic of South Africa4.300% 10/12/20281.1%
Government of Jamaica7.875% 07/28/20451.0%
Saudi Government International Bond5.000% 04/17/20491.0%
Republic of Colombia3.875% 04/25/20271.0%
Saka Energi Indonesia PT4.450% 05/05/20241.0%
Republic of Argentina8.280% 12/31/20331.0%
Ukraine Government7.375% 09/25/20321.0%
Ukraine Government8.994% 02/01/20240.9%
Empresa Nacional del Petroleo3.750% 08/05/20260.9%
Russia Foreign Bond5.250% 06/23/20470.8%
Rumo Luxembourg Sarl5.875% 01/18/20250.8%
Sri Lanka (Democratic Socialist Republic of)5.750% 04/18/20230.8%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.8%
Sberbank of Russia Via SB Capital S.A.6.125% 02/07/20220.8%
Republic of Turkey3.250% 03/23/20230.8%
Republic of Turkey5.625% 03/30/20210.8%
Ghana Government International Bond7.875% 08/07/20230.8%
AI Candelaria Spain SLU7.500% 12/15/20280.8%
China Cinda Finance 2017 I Ltd4.750% 02/08/20280.7%
KazMunayGas National Co.6.375% 10/24/20480.7%
Bahamas Government International Bond5.750% 01/16/20240.7%
Oman Government International Bond6.750% 01/17/20480.7%
Eskom Holdings SOC Ltd.7.125% 02/11/20250.7%
MHP Lux SA6.950% 04/03/20260.7%
Dianjian Haiyu Ltd3.500% 06/14/21670.7%
KazMunayGas National Co.4.750% 04/19/20270.6%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.6%
Turkiye Garanti Bankasi AS6.250% 04/20/20210.6%
Perusahaan Listrik Negara PT6.150% 05/21/20480.6%
China Evergrande Group8.250% 03/23/20220.6%
Paraguay Government International Bond5.400% 03/30/20500.6%
Southern Gas Corridor CJSC6.875% 03/24/20260.6%
Egypt Government International Bond7.903% 02/21/20480.6%
Republic of Brazil5.000% 01/27/20450.6%
Senegal Goverment International Bond6.250% 05/23/20330.6%
OmGrid Funding Ltd5.196% 05/16/20270.6%
Republic of Costa Rica5.625% 04/30/20430.6%
Kazakhstan Government International Bond4.875% 10/14/20440.6%
Republic of Uzbekistan Bond4.750% 02/20/20240.6%
Bahrain Government International Bond6.750% 09/20/20290.6%
Dominican Republic International Bond6.400% 06/05/20490.6%
Republic of Chile3.500% 01/25/20500.6%
China Railway Xunjie Co Ltd3.250% 07/28/20260.6%
Qatar Government International Bond3.375% 03/14/20240.6%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.6%
State Bank of India/London4.000% 01/24/20220.6%
Bermuda Government International Bond3.717% 01/25/20270.6%
Empresa Nacional del Petroleo4.500% 09/14/20470.6%
Republic of Uruguay4.975% 04/20/20550.6%
Pertamina Persero PT5.625% 05/20/20430.6%
Banco do Brasil SA4.625% 01/15/20250.6%
Republic of Turkey7.000% 06/05/20200.6%
Shriram Transport Finance Co Ltd5.950% 10/24/20220.6%
Egypt Treasury Bills0.000% 09/10/20190.6%
Republic of Indonesia3.750% 06/14/20280.6%
KazTransGas JSC4.375% 09/26/20270.5%
Hunt Oil Co of Peru LLC Sucursal Del Peru6.375% 06/01/20280.5%
Nigeria Government International Bond6.375% 07/12/20230.5%
Enel Chile SA4.875% 06/12/20280.5%
Kenya Government International Bond7.250% 02/28/20280.5%
Petroleos Mexicanos4.625% 09/21/20230.5%
Banco Internacional del Peru3.375% 01/18/20230.5%
Republic of Turkey5.750% 05/11/20470.5%
Sinopec Group Overseas Development 2017 Ltd3.625% 04/12/20270.5%
Perusahaan Listrik Negara PT4.125% 05/15/20270.5%
Mongolia Government International Bond5.125% 12/05/20220.5%
Kenya Government International Bond8.250% 02/28/20480.5%
Republic of Indonesia4.750% 01/08/20260.5%
Guatemala Government Bond4.375% 06/05/20270.5%
Aeropuerto Internacional de Tocumen SA5.625% 05/18/20360.5%
Republic of Venezuela12.750% 08/23/20220.5%
Oztel Holdings SPC Ltd6.625% 04/24/20280.5%
Angolan Government International Bond9.500% 11/12/20250.5%
Ghana Government International Bond7.875% 03/26/20270.5%
Sri Lanka (Democratic Socialist Republic of)6.250% 10/04/20200.5%
Nigeria Government International Bond9.248% 01/21/20490.5%
Third Pakistan International Sukuk Co Ltd/The5.625% 12/05/20220.5%
Senegal Goverment International Bond6.250% 07/30/20240.5%
Province of Neuquen7.500% 04/27/20250.5%
Province of Santa Fe7.000% 03/23/20230.5%
Petroleos Mexicanos4.875% 02/21/20280.5%
Republic of Turkey7.250% 12/23/20230.5%
Provincia de Cordoba7.125% 06/10/20210.5%
Republic of South Africa6.300% 06/22/20480.4%
Republic of Costa Rica4.250% 01/26/20230.4%
Kazakhstan Temir Zholy National Co JSC4.850% 11/17/20270.4%
Charming Light Investments Ltd4.375% 12/21/20270.4%
Petroleos Mexicanos5.500% 06/27/20440.4%
Lukoil International Finance BV4.750% 11/02/20260.4%
State Oil Co of the Azerbaijan Republic4.750% 03/13/20230.4%
Republic of Argentina3.375% 01/15/20230.4%
Kernel Holding SA8.750% 01/31/20220.4%
Pertamina Persero PT4.300% 05/20/20230.4%
Kazakhstan Temir Zholy Finance BV6.950% 07/10/20420.4%
Eterna Capital Pte Ltd7.500% 12/11/20220.4%
Paraguay Government International Bond4.700% 03/27/20270.4%
Honduras Government International Bond6.250% 01/19/20270.4%
Republic of Turkey4.250% 04/14/20260.4%
Kenya Government International Bond7.000% 05/22/20270.4%
Republic of Argentina7.500% 04/22/20260.4%
Sri Lanka (Democratic Socialist Republic of)7.850% 03/14/20290.4%
Petroleos de Venezuela S.A.6.000% 05/16/20240.4%
Qatar Government International Bond4.817% 03/14/20490.4%
Ghana Government International Bond8.627% 06/16/20490.4%
Vnesheconombank Via VEB Finance plc6.800% 11/22/20250.4%
Celulosa Arauco y Constitucion SA5.500% 04/30/20490.3%
Guatemala Government Bond6.125% 06/01/20500.3%
Russia Foreign Bond4.250% 06/23/20270.3%
Republic of Indonesia5.350% 02/11/20490.3%
Provincia de Buenos Aires, Argentina9.125% 03/16/20240.3%
Republic of Brazil4.625% 01/13/20280.3%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.3%
Ukraine Government7.750% 09/01/20210.3%
Benin Government International Bond5.750% 03/26/20260.3%
Angolan Government International Bond9.375% 05/08/20480.3%
Sri Lanka (Democratic Socialist Republic of)5.875% 07/25/20220.3%
OCP S.A.6.875% 04/25/20440.3%
Republic of Indonesia4.750% 02/11/20290.3%
Bahrain Government International Bond7.500% 09/20/20470.3%
Sri Lanka (Democratic Socialist Republic of)7.550% 03/28/20300.3%
Yingde Gases Investment Ltd6.250% 01/19/20230.3%
Corp Nacional del Cobre de Chile4.375% 02/05/20490.3%
Pakistan Government International Bond6.875% 12/05/20270.3%
Guatemala Government Bond4.900% 06/01/20300.3%
Republic of Peru2.844% 06/20/20300.3%
Qatar Government International Bond5.103% 04/23/20480.3%
Export Credit Bank of Turkey8.250% 01/24/20240.3%
Banco del Estado de Chile3.875% 02/08/20220.3%
Ecopetrol S.A.7.375% 09/18/20430.3%
Republic of Costa Rica4.375% 04/30/20250.3%
Kazakhstan Government International Bond3.875% 10/14/20240.2%
Development Bank of Mongolia LLC7.250% 10/23/20230.2%
Province of Santa Fe6.900% 11/01/20270.2%
Indonesia Asahan Aluminium Persero PT5.230% 11/15/20210.2%
Transportadora de Gas Internacional SA ESP5.550% 11/01/20280.2%
Greenko Dutch BV5.250% 07/24/20240.2%
Vietnam (Socialist Republic of)4.800% 11/19/20240.2%
State Oil Co of the Azerbaijan Republic6.950% 03/18/20300.2%
Republic of Argentina6.875% 04/22/20210.2%
Export Credit Bank of Turkey4.250% 09/18/20220.2%
Ukraine Government6.750% 06/20/20260.2%
Transnet SOC Ltd.4.000% 07/26/20220.1%
Indonesia Asahan Aluminium Persero PT6.530% 11/15/20280.1%
Saudi Arabian Oil Co4.375% 04/16/20490.1%
Export Credit Bank of Turkey5.375% 02/08/20210.1%
Credit Index Swap1.000% 06/20/20240.0%
EURO-BOBL FUT Sep190.000% 09/10/20190.0%
EURO-BUND FUTURE Sep190.000% 09/10/20190.0%
US 10YR ULTRA FUT SEP190.000% 09/30/20190.0%
US ULTRA BOND CBT SEP190.000% 09/30/20190.0%
US 2YR NOTE (CBT) SEP190.000% 10/03/20190.0%
US 5YR NOTE (CBT) SEP190.000% 10/03/20190.0%
US LONG BOND(CBT) SEP190.000% 09/30/20190.0%
Credit Default Swap1.000% 06/20/20200.0%
FX USD/EUR 09/190.000% 09/09/20190.0%
FX USD/EUR 08/190.000% 08/14/20190.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 08/16/2019
$0.145
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 07/31/2019 $0.02089 $5.28
Daily Daily 06/30/2019 $0.02069 $5.23
Daily Daily 05/31/2019 $0.02033 $5.07
Daily Daily 04/30/2019 $0.02126 $5.08
Daily Daily 03/31/2019 $0.02097 $5.08
Daily Daily 02/28/2019 $0.02129 $5.04
Daily Daily 01/31/2019 $0.02043 $5.00

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/28/2011 07/29/2011 - $0.0337 $0.0337 $6.95
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 07/31/2019

1.28%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

 

IMPORTANT INFORMATION

 

Effective August 1, 2018, the Fund changed its name from Lord Abbett Emerging Markets Currency Fund to Lord Abbett Emerging Markets Bond Fund and transitioned its investment approach from an emerging market currency-oriented strategy to a strategy of investing in a diversified portfolio of emerging market corporate and sovereign bonds. Therefore, the performance and the characteristics for the periods prior to August 1, 2018 are not representative of the Fund's current investment strategy. The change in investment approach may affect the Fund's performance.

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. Investing in the bond market is also subject to issuer, call, and inflation risk; investments may be worth more or less than the original cost when redeemed. Bonds issued or guaranteed by foreign governments and governmental entities (commonly referred to as ''sovereign debt'') present risks not associated with investments in other types of bonds. The sovereign government or governmental entity issuing or guaranteeing the debt may be unable or unwilling to make interest payments and/or repay the principal owed. The securities markets of emerging market countries tend to be less liquid, especially subject to greater price volatility, have a smaller market capitalization, have less government regulation and may not be subject to as extensive and frequent accounting, financial and other reporting requirements as securities markets in more developed countries. Further, investing in the securities of issuers located in certain emerging countries may present a greater risk of loss resulting from problems in security registration and custody or substantial economic or political disruptions. The Fund may invest substantially in derivatives, which are subject to certain risks such as liquidity, market, and counterparty risk and the risk that a position could not be closed when most advantageous. Investing in derivatives could cause the Fund to lose more than the amount invested. High-yield, lower-rated securities involve greater credit risk, price volatility, illiquidity, and default risk than higher-rated securities. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class R3 - The performance quotations for Class R3 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R3, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R3, adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R3, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R3, actual Class R3 performance is used reflecting all charges and fees applicable to Class R3 shares. Hypothetical performance data for Class R3, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R3 performance information for the inception date for Class R3. Please refer to the Class A performance information for the inception date for Class A.

Class R3 shares are only offered to certain eligible investors.  For additional information, see the Fund’s current prospectus.

The net expense ratio for Class F takes into account a contractual fee waiver/expense reimbursement that currently is scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the share class benefited by not bearing such expenses. Without such waivers, performance would have been lower.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Emerging Markets Bond Index Global (EMBI® Global): The EMBI Global tracks returns for the US dollar-denominated debt intruments issued by emerging market soverign and quasi-sovereign entities:Brady bonds, loans, Eurobonds.

 

The Emerging Markets Bond Index Global Diversified (EMBI® Global Diversified): The EMBI Global Diversified is a uniquely-weighted version of the EMBI Global. It limits the weights of those index countries with larger debt stocks by only including specified portions of these countries' eligible current face amounts of debt outstanding. The countries covered in the EMBI Global Diversified are identical to those covered by the EMBI Global. 

 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.

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