| Minimums |
Retail (R-Class): $2,500
Institutional (I-Class): $100,000
Admin (Admin-Class): For Retirement Plans Only
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Objective: Seeks high total investment return |
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Total Fund Assets1 (as of 12/31/2009): $18.9 billion
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| Strategy
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Invests primarily in investment grade, fixed income securities |
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May invest up to 35% of assets in lower-rated fixed income securities |
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May invest up to 20% of assets in preferred stocks |
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May invest up to 20% of assets in foreign securities, including emerging markets |
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May invest any portion of its assets in securities of Canadian issuers |
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| Highlights |
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The flexible, "go anywhere" style of the portfolio allows the managers to seek out what they believe to be the best values in the fixed income markets |
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Portfolio diversifier - low correlation to other equity and bond funds |
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| About Risk |
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Mutual funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal. |
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High yield securities are subject to a high degree of market and credit risk. In addition, the secondary market for these securities may lack liquidity, which in turn may adversely affect the value of these securities and that of the Fund. |
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Foreign investments involve special risks including greater economic, political and currency fluctuation risks, which may be even greater in emerging markets. |
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Securities issued by US Government agencies are not insured, and may not be guaranteed by the US Government. |
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| Bond Fund (R-Class) |
| Ticker |
LSBRX |
| Fund Inception |
5/16/1991 |
| Class Inception |
12/31/1996 |
| CUSIP |
543495832 |
| Gross Expense Ratio2 |
0.96% |
|
Net Expense Ratio |
0.95% |
| Net Asset Value as of 12/31/2009 |
13.29 |
30-Day SEC Yield as of 12/31/2009 |
5.15% |
|
| Bond Fund (I-Class) |
| Ticker |
LSBDX |
| Fund Inception |
5/16/1991 |
| Class Inception |
5/16/1991 |
| CUSIP |
543495840 |
|
Gross Expense Ratio2 |
0.65% |
|
Net Expense Ratio |
0.65% |
| Net Asset Value as of 12/31/2009 |
13.34 |
30-Day SEC Yield as of 12/31/2009 |
5.45% |
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| Bond Fund (Admin-Class) |
| Ticker |
LBFAX |
| Fund Inception |
5/16/1991 |
| Class Inception |
1/2/1998 |
| CUSIP |
543495857 |
| Gross Expense Ratio2 |
1.25% |
|
Net Expense Ratio |
1.20% |
| Net Asset Value as of 12/31/2009 |
13.26 |
30-Day SEC Yield as of 12/31/2009 |
4.89% |
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| (I-Class) |
| Ticker |
TICKER |
| Fund Inception |
MM/DD/YYYY |
| Class Inception |
MM/DD/YYYY |
| CUSIP |
CUSIP |
| Gross Expense Ratio2 |
N.NN% |
|
Net Expense Ratio |
N.NN% |
| Net Asset Value as of 12/31/2009 |
$NN.NN |
30-Day SEC Yield as of 12/31/2009 |
NN.NN% |
|
|
| Ticker |
TICKER |
| Fund Inception |
MM/DD/YYYY |
| Class Inception |
MM/DD/YYYY |
| CUSIP |
CUSIP |
| Gross Expense Ratio2 |
N.NN% |
|
Net Expense Ratio |
N.NN% |
| Net Asset Value as of 12/31/2009 |
$NN.NN |
30-Day SEC Yield as of 12/31/2009 |
NN.NN% |
|
|
| Ticker |
TICKER |
| Fund Inception |
MM/DD/YYYY |
| Class Inception |
MM/DD/YYYY |
| CUSIP |
CUSIP |
| Gross Expense Ratio2 |
N.NN% |
|
Net Expense Ratio |
N.NN% |
| Net Asset Value as of 12/31/2009 |
$NN.NN |
30-Day SEC Yield as of 12/31/2009 |
NN.NN% |
|
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