For Financial Professionals in the US

JGBAX Global Bond Fund

A dynamic global bond fund that seeks superior risk-adjusted returns relative to the benchmark over a market cycle

NAV
$7.36
As of 09/25/2023

1-Day Change
-$0.06 (-0.80%)
As of 09/25/2023

YTD Return at NAV
-4.05%
As of 09/25/2023

Overview

ABOUT THIS FUND

This dynamic, global multi-sector fixed income fund seeks risk-adjusted returns and capital preservation.

WHY INVEST IN THIS FUND

Risk Management: Our risk process is focused on understanding portfolio behaviors and adjusting the risk exposure over a market cycle, seeking to deliver superior risk-adjusted returns relative to the benchmark.

Cross asset collaboration: We draw on the input and experience of specialists across different asset classes. Incorporating these insights results in a deeper understanding of the current investment regime, helping us to identify the major turning points and specific opportunities.

Scenario-driven research: Investment decisions are made through a probabilistic lens, not a central forecast. Our assessment is informed by considering the distribution of potential outcomes and in turn a focus on relative attractiveness of fixed income sectors.

PORTFOLIO MANAGEMENT

Helen Anthony, CFA

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

John Pattullo

Co-Head of Global Bonds | Portfolio Manager

Industry since 1993. Joined Firm in 1997.

Jenna Barnard, CFA

Co-Head of Global Bonds | Portfolio Manager

Industry since 2001. Joined Firm in 2002.

Performance

RETURNS (%) (As of 08/31/2023)
Class A Shares @NAV Class A Shares @MOP Bloomberg Global Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/28/2010)
Class A Shares @NAV -1.73 -0.79 -1.84 -7.67 -1.96 -0.18 0.56
Class A Shares @MOP -6.40 -5.50 -6.50 -9.16 -2.91 -0.66 0.17
Bloomberg Global Aggregate Bond Index -0.69 0.74 -0.09 -6.12 -1.21 0.06 0.60
RETURNS (%) (As of 06/30/2023)
Class A Shares @NAV Class A Shares @MOP Bloomberg Global Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/28/2010)
Class A Shares @NAV -2.57 0.36 -2.93 -6.29 -1.90 -0.04 0.66
Class A Shares @MOP -7.20 -4.41 -7.54 -7.80 -2.85 -0.52 0.27
Bloomberg Global Aggregate Bond Index -1.53 1.43 -1.32 -4.97 -1.09 0.20 0.66
Calendar Year Returns (%)
Global Bond Fund - Class A Shares Bloomberg Global Aggregate Bond Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Global Bond Fund - Class A Shares -18.76 -5.67 12.87 5.68 -2.67 7.29 -0.05 -4.44 5.45 -2.20
Bloomberg Global Aggregate Bond Index -16.25 -4.71 9.20 6.84 -1.20 7.39 2.09 -3.15 0.59 -2.60

MORNINGSTAR PERCENTILE

(As Of 06/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 92 89 63 53 45
Global Bond | Rank/Count 172/192 177/192 118/179 98/166 79/158
(As Of 08/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 99 91 68 58 51
Global Bond | Rank / Count 184/189 170/189 130/185 102/163 82/152
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 08/31/2023 Class I Shares)

RISK / REWARD
VS. Bloomberg Global Aggregate Bond TR Index
3YR 5YR
Information Ratio -0.87 -0.29
Alpha -0.25 -0.15
Tracking Error 1.61 1.75
Beta 1.14 1.11
R-squared (%) 98.10 95.81
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg Global Aggregate Bond TR Index
3YR 5YR
Up Capture Ratio 108.68 107.81
Down Capture Ratio 112.87 110.34
STANDARD DEVIATION 3YR 5YR
Global Bond Fund 8.88 7.73
Bloomberg Global Aggregate Bond TR Index 7.75 6.83
SHARPE RATIO 3YR 5YR
Global Bond Fund -1.01 -0.43
Bloomberg Global Aggregate Bond TR Index -0.99 -0.41
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS A SHARES
Management Fees 0.60%
12b-1 Fees 0.25%
Other Expenses 0.44%
Total Gross Expenses 1.29%
Waivers -0.33%
Total Net Expenses 0.96%

Portfolio

Index represents the Bloomberg Barclays Global Aggregate Bond Index.

Top Holdings (As of 08/31/2023)
% of Fund
Japan Government Ten Year Bond, 0.10%, 06/20/29 3.77
China Government Bond, 2.68%, 05/21/30 3.50
Kingdom of Belgium Government Bond, 1.00%, 06/22/26 3.10
Province of British Columbia Canada, 2.85%, 06/18/25 2.98
China Government Bond, 2.56%, 10/21/23 2.92
Japan Government Ten Year Bond, 0.20%, 09/20/32 2.88
Japan Government Ten Year Bond, 0.40%, 06/20/25 2.68
United Kingdom Gilt, 1.62%, 10/22/28 2.59
China Government Bond, 3.29%, 05/23/29 2.50
Total 26.92
View full holdings
Portfolio Characteristics (As of 08/31/2023)
  FUND INDEX
Number of Holdings
Debt Issues
225 29378
Portfolio Turnover Rate
(1-year trailing)
45.42% -
Weighted Average Maturity
(years)
8.65 10.28
Effective Duration
(years)
8.11 6.61
Yield to Worst
3.64% 3.91%

Yield to Worst is a portfolio level calculation that excludes cash and cash related costs.

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Credit Quality of Fixed Income Holdings % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)

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