Global Income Opportunity Fund  (MGGBX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

L M E H M L

NAV | as of 09/21/2017

$21.06
+$0.01 (+0.05%)

Overall Morningstar Rating



Rated against 289 World Bond funds as of 08/31/2017

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Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 03/25/1994

YTD 1YR 3YR 5YR 10YR INCEP.
MGGBX 7.30 3.02 0.45 2.41 4.52 5.00
Bloomberg Barclays Global Aggregate Bond Index 4.41 -2.18 -0.35 0.78 3.69 5.06

Expense Ratios

  • Gross Expense Ratio: 1.24%
  • Net Expense Ratio: 0.89%
  • Expense Cap Expiration Date: 05/01/2018

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Objective

The Fund seeks income and capital appreciation by investing in a portfolio of foreign and domestic fixed income securities

Why Consider

  • May be appropriate for investors looking to gain exposure to foreign and U.S. bonds
  • Seeks to minimize issue-specific risk through fundamental research
  • Offers access to a large investment universe, as a large portion of the world bond markets are outside of the U.S.

Fund Managers

Kenneth M. Buntrock

Vice President & Portfolio Manager

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David W. Rolley

Vice President & Portfolio Manager

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Lynda Schweitzer

Vice President & Portfolio Manager

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Scott M. Service

Vice President & Portfolio Manager

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Performance

Performance

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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 28, 2015 $0.276000 $0.276000
      Dec 26, 2014 $0.372300 $0.372300
      Dec 26, 2013 $0.582200 $0.582200
      Dec 26, 2012 $0.790600 $0.790600
      Dec 27, 2011 $0.683700 $0.683700
      Dec 28, 2010 $0.856400 $0.856400
      Dec 28, 2009 $2.221700 $2.221700
      Dec 26, 2008 $2.211400 $2.186100 $0.025300
      Dec 26, 2007 $1.435000 $1.426000 $0.009000
      Dec 26, 2006 $0.516000 $0.489000 $0.027000
      Dec 27, 2005 $1.072000 $0.773000 $0.052000 $0.247000
      Dec 28, 2004 $1.953000 $1.340000 $0.089000 $0.524000
      Dec 26, 2003 $2.620000 $2.090000 $0.360000 $0.170000
      Dec 26, 2002 $0.769000 $0.553000 $0.216000
      Dec 26, 2001 $0.250000 $0.250000
      Dec 26, 2000 $0.124500 $0.124500
      Dec 28, 1999 $0.710000 $0.480000 $0.230000
      Dec 28, 1998 $2.550000 $1.160000 $1.230000 $0.160000
      Dec 26, 1997 $0.510000 $0.170000 $0.340000
      Dec 26, 1996 $1.010000 $0.600000 $0.360000 $0.050000
      Sep 25, 1996 $0.200000 $0.200000
      Jun 25, 1996 $0.050000 $0.050000
      Mar 26, 1996 $0.020000 $0.020000
      Dec 26, 1995 $0.290000 $0.290000
      Sep 26, 1995 $0.300000 $0.300000
      Jun 27, 1995 $0.300000 $0.300000
      Mar 28, 1995 $0.080000 $0.080000
      Dec 30, 1994 $0.360000 $0.360000
      Sep 27, 1994 $0.100000 $0.100000
      Jun 27, 1994 $0.150000 $0.150000

Growth of $10,000 (Hypothetical)

Since Inception 03/25/1994 to 08/31/2017 = $40,737.11

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Fixed)

Quarter Ending: 05/31/2017

United States Treasury Note/Bond Fixed 6.41%
French Republic Government Bond OAT 4.25%
Mexican Bonos Fixed 3.97%
Indonesia Treasury Bond Fixed 2.50%
New Zealand Government Bond Fixed 2.43%
Corp Andina de Fomento Fixed 2.08%
Mexican Udibonos Fixed 1.98%
YPF SA Fixed 144A 1.91%
New South Wales Treasury Corp Fixed 1.80%
Corp Nacional del Cobre de Chile Fixed 144A 1.79%
% in Top 10 Holdings 29.12%
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MPT Stats

Month Ending: 08/31/2017

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Sector Allocation (Fixed)

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Global Income Opportunity Fund

The Fund seeks both income and capital appreciation by investing primarily in investment-grade domestic and foreign fixed income corporate bonds, and in securities issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, and supranational organizations such as the World Bank and the United Nations. Under normal circumstances, the Fund invests no more than 25% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities of companies located in emerging market countries. The Fund may hold securities denominated in any currency, but must invest at least 30% of total assets of the Fund will be invested in U.S. dollar-denominated instruments.

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About

About Loomis, Sayles & Company

Background

Loomis Sayles is a fixed income investment manager where performance-driven investors integrate deep proprietary research and integrated risk analysis to make informed, judicious decisions.

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