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Highest Yielding Zacks #1 Ranked Funds

Investors have gradually begun to recognize the opportunity that the international bond market has come to represent. Though the U.S. bond market continues to attract investors, it has featured only infrequently among the best performing international markets. Today international markets represent more than half of the world’s fixed income investment opportunities. With the advantages of widely diversified holdings and professional management, mutual funds offer a secure route for those looking to invest in the international bond market.

Below we will share with you the 5 highest yielding Zacks #1 ranked international bond mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all international bond funds, investors can click here to see the complete list of funds.

Mutual Fund

Sec 30 Day Yield

Franklin Templeton Emerging Market Debt Opportunities

7.44%

T. Rowe Price Emerging Markets Bond

5.77%

John Hancock 2 Emerging Markets Debt A

5.5%

GMO Emerging Country Debt IV

5.23%

Payden Emerging Markets Bond

4.67%

 

Franklin Templeton Emerging Market Debt Opportunities (FEMDX - MF report) invests the majority of its assets in emerging market debt securities. It may invest substantially all of its assets in debt securities rated below investment grade. The international bond mutual fund returned 15.28% in the last one year period.

The Fund Manager is William Ledward and he has managed this international bond mutual fund since 2006.

T. Rowe Price Emerging Markets Bond (PREMX - MF report) seeks capital growth and high income. The fund invests heavily in emerging market debt securities. These could be both government securities and those issued by corporate entities. The international bond mutual fund is non-diversified and has returned 14.76% in the last one year period.

The international bond mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.94% compared to a category average of 1.25%.

John Hancock 2 Emerging Markets Debt A (JMKAX - MF report) invests a large proportion of its assets in fixed income debt securities, including those issued from emerging markets. The fund utilizes unique research methods to identify countries, industrial sectors and instruments for investment purposes. The international bond mutual fund returned 15.79% in the last one year period.

As of December 2012, this international bond mutual fund held 72 issues, with 2.41% of its total assets invested in Odebrecht Fin 144A 7.5%.

GMO Emerging Country Debt IV (GMDFX - MF report) seeks total return higher than its benchmark, the J.P. Morgan Emerging Markets Bond Index Global. The fund focuses on investing in sovereign debt of developing markets but it can also invest in entities related or not related to the emerging countries. The international bond mutual fund returned 21.98% in the last one year period.

The Fund Manager is Thomas F. Cooper and he has managed this international bond mutual fund since 1994.

Payden Emerging Markets Bond (PYEMX - MF report) invests a large proportion of its assets in debt securities issued from emerging markets. The fund may also invest in debt instruments issued from nations having mature markets. The international bond mutual fund is non-diversified and has returned 15.84% in the last one year period.

The international bond mutual fund has an expense ratio of 0.78% compared to a category average of 1.25%.

To view the Zacks Rank and past performance of all international bond mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank.

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