4 highly-rated emerging markets bond funds
Below are four emerging market bond mutual funds that are highly rated by Morningstar. Each requires a minimum initial investment of $10,000 or less, making them accessible to most individual investors. Each also has a medal rating under Morningstar’s Analyst Ratings, a subjective system which attempts to gauge a fund’s performance prospects, not just its past record. The scale runs from gold to silver, bronze, neutral and negative.
|Fund||Morningstar Analyst Rating||12-month return||3-year annualized return||5-year annualized return||Expense ratio|
|Fidelity New Markets Income (FNMIX)||Silver||13.2%||14.8%||10.2%||0.86%|
|T. Rowe Price Emerging Market Bond (PREMX)||Bronze||8.0||13.5||8.1||0.94|
|MFS Emerging Markets Debt (MEDAX)||Bronze||9.9||13.5||9.1||1.14|
|PIMCO Emerging Market Bond (PELAX)||Bronze||-0.2||11.6||7.6||1.35|
Source: Morningstar Returns through July 11, 2012