Today we are featuring top-performing “International Bond” Fixed Income mutual funds, which primarily invest in foreign and U.S. bonds in pursuit of current income.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank International Bond Fixed Income Funds.
3 Solid Samples
Loomis Sayles International Bond A (LSIAX) seeks high total investment return through a combination of high current income and capital appreciation.
The fund normally invests at least 80% of its net assets in fixed-income securities of issuers located outside the United States. It is non-diversified.
Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has an expense ratio of 1.10%.
Putnam Global Income A (PGGIX) was incepted in June 1987. The investment seeks current income with preservation of capital and long-term total return as secondary considerations.
The fund primarily invests in investment-grade debt securities. It invests mostly in bonds that have maturities of at least three years.
D. William Kohli has been lead manager at the fund since July 1994. It has topped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.
Goldman Sachs Global Income A (GSGIX) seeks current income; capital appreciation is a secondary consideration. The fund normally invests a bulk of its assets in fixed-income securities.
The fund may invest more than 25% in the securities of corporate and governmental issuers located in Canada, Germany, Japan and the United Kingdom as well as in the securities of US issuers. It must invest at least 30% of assets in securities dominated in US dollar.
The fund enters into foreign currency transactions. It distributes dividends monthly and capital gains annually.
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