A Conservative Fixed Income Approach for Stressful Times
Quality, global government bonds complemented by other fixed-income opportunities, seeking capital appreciation with income as a secondary goal.
Performance During Market Stress
7/1/11 to 12/31/24. Past performance does not guarantee future results.S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. Indices are unmanaged and not available for direct investment.The S&P 500 Index is not the Fund’s benchmark and is used to represent the US equity market. Most bond funds will underperform the S&P 500 when equity markets performance is positive. For illustrative purposes only.
Diversified Global Bonds
Invests primarily in high-quality global sovereign debt while seeking other opportunistic sources of return
Specialized Research
Experienced specialists seek to capture market inefficiencies and identify opportunities across global fixed income
Sub-advised by Wellington
Wellington prioritizes independent thought and collaboration across all major asset classes
Objective: Seeks capital appreciation with income as a secondary goal.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception. Fund Inception: 05/31/2011
Prior to 3/31/25, the Fund’s benchmark was FTSE World Government Bond Index.
Characteristics
Dividend Frequency | Quarterly |
---|---|
# of Holdings | 853 |
Yield to Worst (%) | 5.08% |
---|---|
Effective Duration | 4.13 yrs |
United States | 31 |
Australia | 17 |
New Zealand | 16 |
Germany | 14 |
Sweden | 13 |
Norway | 6 |
South Korea | 2 |
Mexico | 1 |
Romania | 1 |
United Kingdom | -4 |
Canada Treasury Bills | 10.36 |
New Zealand Government Bonds | 9.96 |
Japan Treasury Discount Bills | 9.68 |
Norway Government Bonds | 7.64 |
Korea Treasury Bonds | 7.00 |
U.S. Treasury Notes | 4.39 |
Australia Government Bonds | 4.09 |
Kommuninvest I Sverige AB | 3.09 |
U.S. Treasury Inflation-Indexed Notes | 2.15 |
Federal Home Loan Mortgage Corp. | 1.61 |
Total Portfolio % | 59.97 |
Distribution Yield at NAV | 7.35 |
30-Day SEC Yield | 3.47 |
Unsubsidized 30-Day SEC Yield
|
3.47 |
Aaa/AAA | 52 |
Aa/AA | 12 |
A | 14 |
Baa/BBB | 8 |
Ba/BB | 5 |
B | 5 |
Caa/CCC or lower | 0 |
Not Rated | 3 |
Cash & Cash Offsets | 1 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
12/27/2024 | 9.98 | $0.1859 | $0.0000 | $0.0000 | $0.1859 |
12/17/2024 | 10.21 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
9/26/2024 | 10.21 | $0.1001 | $0.0000 | $0.0000 | $0.1001 |
6/26/2024 | 9.93 | $0.0999 | $0.0000 | $0.0000 | $0.0999 |
3/26/2024 | 9.97 | $0.0929 | $0.0000 | $0.0000 | $0.0929 |
Insights
Fund Literature
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