Fixed Income

MAWIX

Strategic Global Bond Fund

Overview

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Performance

Performance

  • Returns



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of 22-Jul-2016 $67.4 M
Size of Fund (Millions) as of 22-Jul-2016 $149.9 M
Share Class launch date 29-Sep-1988
Asset Class Fixed Income
Morningstar Category World Bond
Lipper Classification Global Income Funds
Benchmark Index Barclays Global Aggregate Index
CUSIP 09252X509
Net, Excluding Investment Related Expenses 0.70%
Expense Ratio 1.31%
Contractual End Date 30-Apr-2017
Number of Holdings as of 30-Jun-2016 915
Max Offer Price as of 22-Jul-2016 $6.04
Open to New Investors Yes
Turnover Percent as of 30-Jun-2016 477%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of 30-Jun-2016 50.96
Beta (3y) as of 30-Jun-2016 0.60
Average Coupon as of 30-Jun-2016 4.18%
Best 3-Month Return Over the Last 3 Years 3 months ending 30-Apr-2016 7.20%
Worst 3-Month Return Over the Last 3 Years 3 months ending 30-Jun-2015 -2.61%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Lipper Leader

 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 30-Apr-2016 out of 184, 5,501, 184, 297 and 184 Funds, respectively in Lipper's Global Income Funds classification.

Holdings

Holdings

as of 30-Jun-2016
Name Weight (%)
TREASURY NOTE (OTR) 1.625 05/15/2026 15.79
TREASURY (CPI) NOTE 0.625 01/15/2026 4.63
ITALY (REPUBLIC OF) 2.35 09/15/2019 4.54
TREASURY NOTE 0.5 08/31/2016 2.70
TREASURY NOTE (2OLD) 2.25 11/15/2025 2.39
Name Weight (%)
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 2.33
TREASURY NOTE (OLD) 1.375 05/31/2021 2.24
TREASURY NOTE (2OLD) 0.875 04/15/2019 2.15
TREASURY NOTE 1.125 02/28/2021 1.62
NEW ZEALAND (GOVERNMENT OF) 3 09/20/2030 1.24

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-2016

% of Market Value

as of 30-Jun-2016

% of Market Value

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 30-Jun-2016

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-2016

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Jun-2016

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-2016

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-2016

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, Chief Investment Officer and Co-Head of Global Fixed Income
Bob Miller
Managing Director, Portfolio Manager
Amer Bisat
Amer Bisat
Martin Hegarty

Martin Hegarty, Managing Director, is the head of Inflation-linked Bond Portfolios within Americas Fixed Income Alpha Strategies.

Scott Thiel
Managing Director
Portfolio Manager

Literature

Literature

 

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