Investment Objective |
Fees and Expenses of the Fund |
|
Class A |
Class C |
Institutional |
Service |
Investor |
Class R6 |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
1.50% |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds)1
|
None |
0.65% |
None |
None |
None |
None |
|
Class A |
Class C |
Institutional |
Service |
Investor |
Class R6 |
Management Fees |
0.44% |
0.44% |
0.44% |
0.44% |
0.44% |
0.44% |
Distribution and/or Service (12b-1) Fees |
0.25% |
0.75% |
None |
0.25% |
None |
None |
Other Expenses |
0.21% |
0.46% |
0.13% |
0.38% |
0.21% |
0.12% |
Service Fees |
None |
0.25% |
None |
None |
None |
None |
Shareholder Administration Fees |
None |
None |
None |
0.25% |
None |
None |
All Other Expenses |
0.21% |
0.21% |
0.13% |
0.13% |
0.21% |
0.12% |
Total Annual Fund Operating Expenses |
0.90% |
1.65% |
0.57% |
1.07% |
0.65% |
0.56% |
Fee Waiver and Expense Limitation2
|
(0.09%) |
(0.44%) |
(0.09%) |
(0.09%) |
(0.09%) |
(0.09%) |
Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation |
0.81% |
1.21% |
0.48% |
0.98% |
0.56% |
0.47% |
Expense Example |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A Shares |
$231 |
$424 |
$632 |
$1,233 |
Class C Shares |
$188 |
$477 |
$856 |
$1,918 |
Institutional Shares |
$49 |
$174 |
$309 |
$705 |
Service Shares |
$100 |
$331 |
$581 |
$1,298 |
Investor Shares |
$57 |
$199 |
$353 |
$802 |
Class R6 Shares |
$48 |
$170 |
$304 |
$693 |
Class C Shares – Assuming no redemption |
$123 |
$477 |
$856 |
$1,918 |
Portfolio Turnover |
Principal Strategy |
Principal Risks of the Fund |
Performance |
|
Returns |
Quarter ended |
Year-to-Date Return |
0.82% |
June 30, 2023 |
During the periods shown in the chart above:
|
Returns |
Quarter ended |
Best Quarter Return |
2.21% |
March 31, 2020 |
Worst Quarter Return |
-2.97% |
March 31, 2022 |
AVERAGE ANNUAL TOTAL RETURN For the period ended
December 31, 2022 |
|
|
|
|
1 Year |
5 Years |
10 Years |
Inception
Date | |
Class A Shares |
|
|
|
5/1/1997 |
Returns Before Taxes |
-7.00% |
-0.32% |
-0.05% |
|
Returns After Taxes on Distributions |
-7.45% |
-0.88% |
-0.57% |
|
Returns After Taxes on Distributions and Sale of Fund Shares |
-4.14% |
-0.47% |
-0.26% |
|
Class C Shares |
|
|
|
8/15/1997 |
Returns Before Taxes |
-6.49% |
-0.42% |
-0.29%* |
|
Institutional Shares |
|
|
|
8/15/1988 |
Returns Before Taxes |
-5.28% |
0.31% |
0.44% |
|
Service Shares |
|
|
|
4/10/1996 |
Returns Before Taxes |
-5.76% |
-0.19% |
-0.05% |
|
Investor Shares |
|
|
|
11/30/2007 |
Returns Before Taxes |
-5.33% |
0.23% |
0.36% |
|
Class R6 Shares |
|
|
|
7/31/2015 |
Returns Before Taxes |
-5.28% |
0.32% |
0.45%** |
|
ICE BofAML Two-Year U.S.Treasury Note Index (reflects no deduction for fees or expenses) |
-4.11% |
0.63% |
0.55% |
|
Portfolio Management |
Buying and Selling Fund Shares |
Tax Information |
Payments to Broker-Dealers and Other Financial Intermediaries |
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