Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

Emerging Markets Debt Fund - A (JEDAX)

Emerging Markets Debt Fund - A (JEDAX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Performance basics
  Total returns
(as of 2/28/2015)
Annualized returns
(as of 2/28/2015)

at NAV 0.99% -1.31% 1.60% 3.03% 3.43% 6.79% 6.42%
With 3.75% max. sales charge -2.85% -5.04% -2.16% -0.83% 2.12% 5.99% 6.01%
J.P. Morgan Emerging Markets Bond Index Global 1.25% -1.32% 1.59% 4.91% 4.26% 7.23% 7.72%
Lipper Emerging Market Hard Currency Debt Funds Index 1.22% -2.83% 0.87% 1.44% 2.35% 5.66% 6.73%

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.


Cumulative returns (as of 2/28/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 3.03% 10.65% 38.91% 86.31%
With 3.75% max. sales charge -0.83% 6.50% 33.76% 79.30%
Growth of $10,000
Calendar year returns
at NAV
J.P. Morgan Emerging Markets Bond Index Global
Lipper Emerging Market Hard Currency Debt Funds Index
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
14.83% 12.20% 4.32% -28.98% 41.27% 13.06% 5.95% 20.10% -7.02% 3.64%
10.74% 9.86% 6.28% -10.91% 28.19% 12.06% 8.46% 18.53% -6.58% 5.53%
13.75% 12.34% 5.88% -20.11% 35.05% 13.35% 2.19% 19.19% -5.26% 1.40%
Browse your yearly returns: 2005

N/A: Not available at this time

Annual operating expenses (%)
Expense cap expiration date 11/01/2015
Expense cap 1.20%
Total annual operating expenses 1.45%
Fee waivers and/or expense reimbursements 0.24%
Net expenses 1.21%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

  12/31/2014   2/28/2015
30-Day SEC Yield 4.24% 4.59%
30-Day SEC Yield (Unsubsidized) 4.02% 3.49%
12-Month Rolling Dividend Yield 3.58% 3.36%

Must be preceded or accompanied by a prospectus

†Class A Share 12-month rolling dividend yield is calculated by dividing the dividend per share by the public offering price per share on the day of the distribution. 12-month rolling dividend yields represent the sum of the monthly dividend yields for the previous 12 months.

Morningstar ratings (as of 2/28/2015)
Morningstar category: Emerging Markets Bond
216 funds in category
3 Year
216 funds in category
5 Year
109 funds in category

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class 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. 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. Different share classes may have different ratings.

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

International investing involves special risks, including economic, political, and currency instability - especially in emerging markets. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. The small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Emerging markets may not provide adequate legal protection for private or foreign investment or private property.

The Fund will invest at least 80% of its total assets in foreign and emerging markets.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

The Fund may engage in short sales. There is no guarantee that the use of long and short positions will succeed in limiting the Fund's exposure to domestic stock market movements, capitalization, sector-swings or other risk factors. Investment in a portfolio involved in long and short selling may have higher portfolio turnover rates. This will likely result in additional tax consequences. Short selling involves certain risks, including additional costs associated with covering short positions and a possibility of unlimited loss on certain short sale positions.

The Fund anticipates a very high degree of portfolio turnover. This will likely result in additional tax consequences.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The J.P. Morgan Emerging Markets Bond Index Global tracks total returns for U.S. dollar-denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Emerging Market Hard Currency Debt Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.