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 04/17/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.68% 3.72%
w/ sales charge 5.55% 3.64%

30-Day Standardized Yield 2 as of 03/31/2015  

Subsidized5 Un-Subsidized6
5.66% 3.79%

Fund Basicsas of 03/31/2015

Total Net Assets
$9.05 M
Inception Date
06/28/2013
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
62

Expense Ratioas of 03/31/2015

Fund Expense Ratio :

Gross 3.01%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/28/2013
w/o sales charge -4.36% -12.42% - - - -7.45%
Lipper Category Avg. Emerging Markets Local Currency Debt Fds -3.26% -9.70% - - - -
JPM GBI-EM Global Diversified -3.96% -11.14% - - - -6.56%
w/ sales charge -6.51% -14.38% - - - -8.65%

Fund Expense Ratio :

Gross 3.01%

Net 1.05%

Fund Expense Ratio :

Gross 3.01%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/28/2013
w/o sales charge -4.36% -12.42% - - - -7.45%
Lipper Category Avg. Emerging Markets Local Currency Debt Fds -3.26% -9.70% - - - -
JPM GBI-EM Global Diversified -3.96% -11.14% - - - -6.56%
w/ sales charge -6.51% -14.38% - - - -8.65%

Fund Expense Ratio :

Gross 3.01%

Net 1.05%

Investment Team

Robert A. Lee
Robert A. Lee

Partner & Director

23 Years of Industry Experience

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

Partner & Portfolio Manager

13 Years of Industry Experience

Jerald M. Lanzotti
Jerald M. Lanzotti, CFA

Partner & Portfolio Manager

24 Years of Industry Experience

David B. Ritt
David B. Ritt, CFA

Portfolio Manager

16 Years of Industry Experience

Supported By 38 Investment Professionals and 13 Years Avg. Industry Experience

Fund Performance Details next tab

Contact a Representative