Global Bond Fund

Summary

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FUND FACTS

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Expenses and Dividends

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Morningstar

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Morningstar ratings are based upon Investor class of shares, unless otherwise indicated. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics. Past performance is no guarantee of future results.
The Morningstar Investment Style Box™ reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
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FUND DOCUMENTS & RESOURCES

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Investment Objective

Seeks long-term total return.

Risk & Additional Details

Goal & Strategy

Long-term total return.

Characteristics

Executes a benchmark-aware investment process seeking capital appreciation through investments in government and corporate bonds from around the world. Employs a risk management framework that seeks to deliver returns commensurate with the level of risk being taken.

Performance

  • ANNUALIZED
  • Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

    For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.

    Annualized

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  • CALENDAR YEAR
  • Calendar Year

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  • YIELDS
  • Yields

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  • RISK/RETURNS
  • Risk/Returns

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  • GROWTH CHART
  • Growth Chart

    Please Note: The x-axis represents the selected time frame by which the funds are being measured. The y-axis represents the value of a $10,000 investment made at the start of the selected time frame or on the fund's inception date, whichever is more recent.

    Composition

    • INVESTMENT BLEND
    • Investment Blend

    • TOP TEN HOLDINGS
    • Top Ten Holdings

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    • QUALITY
    • Quality

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    • MATURITY
    • Maturity

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    • COUPON
    • Coupon

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    • DURATION
    • Duration

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      Geography

        Management

        John Lovito

        John Lovito

        Co-Chief Investment Officer — Global Fixed Income, Senior Vice President

        Robert Gahagan

        Robert Gahagan

        Senior Vice President, Senior Portfolio Manager

        Lynn Chen, CFA

        Lynn Chen, CFA

        Vice President, Senior Portfolio Manager

        Simon Chester

        Simon Chester

        Vice President, Portfolio Manager

        Returns or yields for the fund would have been lower if .04% of the management fee had not been waived. The advisor expects this waiver to continue until February 28, 2022, and cannot terminate it prior to such date without the approval of the Board of Trustees. Review the annual or semiannual report for the most current information.

        The value and/or returns of a portfolio will fluctuate with market and economic conditions.

        Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk.

        Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.

        International investing involves special risks, such as political instability and currency fluctuations.

        Diversification does not assure a profit nor does it protect against loss of principal.

        B

        Please see the prospectus for details about sales charges.

        C

        The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

        Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.

        Source: Bloomberg Index Services Ltd

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