Global Bond Fund
Overview
Fund Details
Portfolio Managers
David Rolley, CFA
Co-Head of the Global Fixed Income Team, Portfolio Manager
Lynda Schweitzer, CFA
Co-Head of the Global Fixed Income Team, Portfolio Manager
Scott Service, CFA
Portfolio Manager, Co-Head of Global Fixed Income
Fund Facts
About the Team
Offering consistent and competitive risk-adjusted returns to our clients for decades.
Our Performance data shown represents past performance and is no guarantee of future results. Investment return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For most recent month-end performance, please see the tab labeled “Performance”.
Why Choose This fund?
- To help diversify a US-centric fixed income portfolio.
- To access a larger investment universe, as more than 50% of the world bond markets are outside of the US.
- To provide returns with lower-correlation to traditional asset classes.
Investment Strategy
- Active global fixed income management combining top-down macroeconomic analysis with research-driven bottom-up security selection.
- Relative return product whose alpha generation is driven by security selection, sector, country and currency allocation, and yield curve/duration positioning.
- Invests primarily in investment-grade fixed income securities worldwide, denominated in any currency.
- May invest up to 20% of its assets in below-investment-grade fixed income securities.
About Risk
- Fixed income securities may carry one or more of the following risks: credit, interest rate (as interest rates rise bond prices usually fall), inflation and liquidity.
- Currency exchange rates between the US dollar and foreign currencies may cause the value of the fund’s investments to decline.
- Below investment grade fixed income securities may be subject to greater risks (including the risk of default) than other fixed income securities.
- Foreign securities may involve heightened risk due to currency fluctuations. Additionally, they may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than US securities due to varying degrees of regulation and limited liquidity.
- Mortgage-related and asset-backed securities are subject to the risks of the mortgages and assets underlying the securities. Other related risks include prepayment risk, which is the risk that the securities may be prepaid, potentially resulting in the reinvestment of the prepaid amounts into securities with lower yields.
Performance
Cumulative Total Return (%)
As of 11/30/2025| Class I | Return |
|---|---|
| 3 Months | 0.59% |
| Year-To-Date | 8.33% |
Annualized Total Return (%)
As of 11/30/2025| Class I | Return |
|---|---|
| 1 Year | 5.53% |
| 3 Years | 3.71% |
| 5 Years | -2.18% |
| 10 Years | 1.57% |
| Since Inception | 5.18% |
Cumulative Total Return (%)
As of 9/30/2025| Class I | Return |
|---|---|
| 3 Months | 0.39% |
| Year-To-Date | 8.54% |
Annualized Total Return (%)
As of 9/30/2025| Class I | Return |
|---|---|
| 1 Year | 2.51% |
| 3 Years | 5.45% |
| 5 Years | -1.53% |
| 10 Years | 1.49% |
| Since Inception | 5.22% |
The Fund revised its investment strategies on 12/15/04; performance may have been different had the current investment strategies been in place for all periods shown.
Performance data shown represents past performance and is no guarantee of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Rankings
Lipper Ranking
As of 11/30/2025| Class I | Rank | Percentile |
|---|---|---|
| 1 Year | 103/195 | 53% |
| 3 Years | 153/191 | 80% |
| 5 Years | 151/177 | 85% |
| 10 Years | 87/143 | 61% |
Morningstar Ranking
As of 11/30/2025| Class I | Rank | Percentile |
|---|---|---|
| 1 Year | 94/147 | 64% |
| 3 Years | 107/147 | 73% |
| 5 Years | 101/142 | 71% |
| 10 Years | 54/121 | 45% |
Lipper rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any.
Morningstar Percentile Rankings are based on total return and do not account for sales charges. Percentile ranks are based on absolute rank within specific fund categories and time periods. Within a category, all funds’ percentile rankings range from 1 (best) to 100 (worst), with all intermediate values spread evenly over that range. The fund’s absolute peer ranking may not be available for all time periods. Morningstar does not calculate an absolute peer ranking when a fund’s performance has been linked to a preexisting share class.
Past performance is no guarantee of future results.
Holdings
Top 10 Holdings
As of 11/30/2025| Holding | % of Assets |
|---|---|
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | 7.4% |
| U S TREASURY | 6.8% |
| GOVT OF JAPAN | 6.7% |
| GOVT OF CHINA | 4.5% |
| KINGDOM OF SPAIN | 3.1% |
| GOVT OF FRANCE | 2.9% |
| BRAZIL GOVERNMENT | 2.5% |
| GOVT OF UNITED KINGDOM | 2.3% |
| GOVT OF MEXICO | 2.3% |
| CDBL FUNDING 1 | 2.1% |
| Total | 40.9% |
Top 10 Holdings
As of 9/30/2025| Holding | % of Assets |
|---|---|
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | 7.6% |
| GOVT OF JAPAN | 7.2% |
| U S TREASURY | 5.3% |
| GOVT OF CHINA | 4.2% |
| GOVT OF FRANCE | 3.9% |
| KINGDOM OF SPAIN | 3.7% |
| BRAZIL GOVERNMENT | 3.0% |
| GOVT OF UNITED KINGDOM | 2.5% |
| GOVT OF MEXICO | 2.3% |
| CDBL FUNDING 1 | 2.1% |
| Total | 41.8% |
Documents
1As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense limitation of the fund has been exceeded. This arrangement is set to expire on 1/31/27. When an expense limitation has not been exceeded, the fund may have similar expense ratios and/or yields.
2The 30-day SEC yield is a standardized calculation, calculated by dividing the net investment income per share for the 30-day period by the maximum offering price per share at the end of the period and annualizing the result. Treasury Inflation-Protected Securities (TIPS) are designed to provide protection against inflation through monthly adjustments to the principal value of TIPS, which increases with inflation and decreases with deflation as measured by the Consumer Price Index. Monthly principal adjustments for inflation (increases and decreases) are excluded from the 30-day SEC yield calculation. Such adjustments can vary substantially from one month to the next, and if they were included, may materially impact the 30-day SEC yield either higher or lower. A subsidized 30-day SEC yield reflects the effect of fee waivers and expense reimbursements. The SEC yield is not based upon distributions of the fund and actual income distributions may be higher or lower than the 30-day SEC yield amounts. During periods of unusual market conditions and/or activity in the sales or redemptions of fund shares, the fund’s 30-day SEC yield amounts may be materially higher or lower than its actual income distributions. Unsubsidized 30-day SEC yield is calculated using the gross expenses of the fund. Gross expenses do not include any fee waivers or reimbursement.
Important Disclosures
Investing involves risk, including possible loss of principal.
There is no guarantee that the investment objective will be realized or that the fund will generate positive or excess return.
Diversification does not ensure a profit or guarantee against a loss.
Top 10 holdings may not be representative of current or future holdings and will evolve over time.
The Bloomberg Global Aggregate Bond Index covers the most liquid portion of the global investment grade fixed-rate bond market, including government, credit and collateralized securities. The liquidity constraint for all securities in the index is $300 million. Indexes are unmanaged and do not incur fees. It is not possible to invest directly in an index.
Lipper Analytical Services Inc., a Thomson Reuters Company, is a nationally recognized organization that provides performance information for mutual funds. Copyright 2025 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
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Class N shares of the Fund are subject to a $1,000,000 initial investment minimum. There is no initial investment minimum for Certain Retirement Plans and funds of funds that are distributed by Natixis Distribution, LLC (the “Distributor”).
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus containing this and other information on this website. Read it carefully.
Natixis Distribution, LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
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