What is the Emerging Markets Local Bond Fund ?

The Fund seeks to deliver current income and long-term growth of capital by investing primarily in emerging market debt securities and other instruments denominated in local currencies.

STRONG FUNDAMENTALS

Emerging market economies have recently experienced faster growth as well as improving debt fundamentals relative to the U.S. and other developed countries.

DIVERSIFICATION

Emerging market bonds denominated in local currencies have low correlation with U.S. bonds, offering diversification for fixed-income portfolios.

ATTRACTIVE RISK-ADJUSTED RETURNS

Over the past 10 years, investing in emerging market bonds denominated in local currencies has generated attractive risk-adjusted returns.

Yield

Dividend Yield 1 as of 05/03/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.53% 4.36%
w/ sales charge 6.38% 4.26%

30-Day Standardized Yield 2 as of 03/31/2016  

Subsidized5 Un-Subsidized6
6.41% 3.76%

Fund Basicsas of 03/31/2016

Total Net Assets
$8.46 M
Inception Date
06/28/2013
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
100

Expense Ratioas of 03/31/2016

Fund Expense Ratio :

Gross 3.22%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/28/2013
w/o sales charge 12.12% -4.55% - - - -5.32%
Lipper Category Avg. Emerging Markets Local Currency Debt Fds - - - - - -
JPM GBI-EM Global Diversified 13.87% -1.98% - - - -3.81%
w/ sales charge 9.59% -6.70% - - - -6.08%

Fund Expense Ratio :

Gross 3.22%

Net 1.05%

Fund Expense Ratio :

Gross 3.22%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/28/2013
w/o sales charge 8.97% -4.66% - - - -6.45%
Lipper Category Avg. Emerging Markets Local Currency Debt Fds 9.04% -3.21% - - - -
JPM GBI-EM Global Diversified 11.01% -1.65% - - - -4.81%
w/ sales charge 6.50% -6.77% - - - -7.22%

Fund Expense Ratio :

Gross 3.22%

Net 1.05%

Investment Team

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

15 Years of Industry Experience

martini
Giulio Martini

Director of Strategic Asset Allocation

31 Years of Industry Experience

David B. Ritt
David B. Ritt, CFA

Portfolio Manager

18 Years of Industry Experience

Supported By 46 Investment Professionals and 13 Years Avg. Industry Experience

Fund Performance Details next tab

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