This list highlights the best international bond funds of 2020, based on each fund outperforming the Bloomberg Barclays Global Aggregate Bond Index over the last one-, three-, five- and 10-year periods. Shaded cells indicate the best-of-the-best funds based on 10-year performance. Of 61 international bond funds at least 10 years old, 34 of them, or 56%, won awards.
All returns as of Dec. 31, 2019.
View Full Special Report: Best Mutual Funds Awards
View All Award-Winning Funds In Each Category
Best International Bond Funds
| Mutual Fund | Symbol | 1-year total return | 3-year avg annual return | 5-year avg annual return | 10-year avg annual return | Morningstar category | Closed to new inv |
|---|---|---|---|---|---|---|---|
| Benchmark: BBgBarc Global Aggregate | 6.84 | 4.27 | 2.31 | 2.48 | |||
| GMO Emerging Country Debt III | GMCDX | 14.28 | 6.55 | 6.61 | 9.46 | Emerging Markets Bond | No |
| TCW Emerging Markets Income I | TGEIX | 15.84 | 6.59 | 6.17 | 6.97 | Emerging Markets Bond | No |
| Goldman Sachs Emerging Markets Dbt Instl | GSDIX | 13.81 | 4.77 | 5.06 | 6.47 | Emerging Markets Bond | No |
| T. Rowe Price Instl Emerging Mkts Bond | TREBX | 12.68 | 5.16 | 6.25 | 6.44 | Emerging Markets Bond | No |
| Payden Emerging Markets Bond | PYEMX | 16.41 | 6.62 | 6.02 | 6.44 | Emerging Markets Bond | No |
| PIMCO Emerging Markets Bond Instl | PEBIX | 14.89 | 6.77 | 6.33 | 6.11 | Emerging Markets Bond | No |
| Franklin Emerging Market Debt Opps | FEMDX | 9.90 | 6.63 | 5.88 | 6.09 | Emerging Markets Bond | No |
| JPMorgan Emerging Markets Debt I | JEMDX | 13.86 | 5.74 | 5.04 | 6.03 | Emerging Markets Bond | No |
| MFS Emerging Markets Debt I | MEDIX | 14.09 | 5.91 | 5.27 | 5.98 | Emerging Markets Bond | No |
| Stone Harbor Emerging Mkts Debt Instl | SHMDX | 15.20 | 5.56 | 5.87 | 5.97 | Emerging Markets Bond | No |
| PIMCO International Bond (USD-Hdg) Instl | PFORX | 7.34 | 4.48 | 4.15 | 5.94 | World Bond-USD Hedged | No |
| JHancock Emerging Markets Debt I | JMKIX | 14.93 | 6.98 | 5.93 | 5.89 | Emerging Markets Bond | No |
| Columbia Emerging Markets Bond A | REBAX | 11.89 | 4.91 | 5.03 | 5.87 | Emerging Markets Bond | No |
| MainStay Candriam Emerging Mkts Dbt A | MGHAX | 15.48 | 6.18 | 6.05 | 5.82 | Emerging Markets Bond | No |
| PIMCO Emerging Markets Corp Bd Instl | PEMIX | 11.85 | 6.59 | 5.33 | 5.15 | Emerging Markets Bond | No |
| Western Asset Emerging Markets Dbt I | SEMDX | 15.30 | 5.43 | 4.88 | 5.08 | Emerging Markets Bond | No |
| Federated Emerging Market Debt A | IHIAX | 12.89 | 5.71 | 4.09 | 5.05 | Emerging Markets Bond | No |
| SEI Emerging Markets Debt A (SIIT) | SEDAX | 15.54 | 6.98 | 4.44 | 5.00 | Emerging Markets Bond | No |
| PGIM Global Total Return A | GTRAX | 12.08 | 7.58 | 4.30 | 4.98 | World Bond | No |
| BrandywineGLOBAL Global Opp Bond IS | GOBSX | 9.21 | 5.43 | 2.40 | 4.72 | World Bond | No |
| Federated International Bond Strategy | FIBPX | 9.65 | 5.19 | 3.69 | 4.42 | World Bond | No |
| SEI Emerging Markets Debt F (SIT) | SITEX | 14.37 | 6.05 | 3.47 | 4.09 | Emerging Markets Bond | No |
| Voya Global Bond Port I | IOSIX | 7.90 | 5.06 | 3.36 | 3.96 | World Bond | No |
| DWS Emerging Markets Fixed Income S | SCEMX | 14.69 | 5.44 | 3.68 | 3.64 | Emerging Markets Bond | No |
| Putnam Global Income A | PGGIX | 9.35 | 4.62 | 2.61 | 3.64 | World Bond | No |
| Eaton Vance Emerging Markets Local Inc A | EEIAX | 22.64 | 9.26 | 5.05 | 3.52 | Emerging-Markets Local-Currency Bond | No |
| BlackRock Strategic Global Bond Instl | MAWIX | 8.20 | 4.82 | 2.89 | 3.29 | World Bond | No |
| AMG Managers Global Income Opportunity N | MGGBX | 7.67 | 4.48 | 2.31 | 3.28 | World Bond | No |
| PIMCO Global Advantage Strategy Bd Instl | PSAIX | 8.94 | 5.31 | 3.26 | 3.21 | World Bond | No |
| VALIC Company I International Govt Bond | VCIFX | 8.74 | 4.43 | 2.69 | 2.98 | World Bond | No |
| Invesco Oppenheimer International Bd A | OIBAX | 9.42 | 4.51 | 3.13 | 2.94 | World Bond | No |
| Voya Global Bond I | IGBIX | 7.57 | 4.98 | 3.11 | 2.86 | World Bond | No |
| PIMCO Emerging Mkts Lcl Ccy and Bd Instl | PELBX | 17.18 | 7.73 | 2.99 | 2.53 | Emerging-Markets Local-Currency Bond | No |
| Invesco World Bond R5 | AUBIX | 10.85 | 4.95 | 2.84 | 2.52 | World Bond | No |
