04/26/2024 | Press release | Distributed by Public on 04/26/2024 05:44
Summary Prospectus
|
April 26, 2024
|
Shareholder Fees (fees paid directly from your investment)
|
||||||
Class:
|
A
|
C
|
R
|
Y
|
R5
|
R6
|
Maximum Sales Charge (Load) Imposed on
Purchases (as a percentage of offering price)
|
4.25
%
|
None
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a
percentage of original purchase price or
redemption proceeds, whichever is less)
|
None1
|
1.00
%
|
None
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the
value of your investment)
|
||||||
Class:
|
A
|
C
|
R
|
Y
|
R5
|
R6
|
Management Fees
|
0.42
%
|
0.42
%
|
0.42
%
|
0.42
%
|
0.42
%
|
0.42
%
|
Distribution and/or Service (12b-1) Fees
|
0.24
|
1.00
|
0.50
|
None
|
None
|
None
|
Other Expenses
|
0.20
|
0.20
|
0.20
|
0.20
|
0.16
|
0.09
|
Total Annual Fund Operating Expenses
|
0.86
|
1.62
|
1.12
|
0.62
|
0.58
|
0.51
|
1
|
A contingent deferred sales charge may apply in some cases. See "Shareholder Account
Information-Contingent Deferred Sales Charges (CDSCs)."
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$509
|
$688
|
$882
|
$1,441
|
Class C
|
$265
|
$511
|
$881
|
$1,718
|
Class R
|
$114
|
$356
|
$617
|
$1,363
|
Class Y
|
$63
|
$199
|
$346
|
$774
|
Class R5
|
$59
|
$186
|
$324
|
$726
|
Class R6
|
$52
|
$164
|
$285
|
$640
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$509
|
$688
|
$882
|
$1,441
|
Class C
|
$165
|
$511
|
$881
|
$1,718
|
Class R
|
$114
|
$356
|
$617
|
$1,363
|
Class Y
|
$63
|
$199
|
$346
|
$774
|
Class R5
|
$59
|
$186
|
$324
|
$726
|
Class R6
|
$52
|
$164
|
$285
|
$640
|
Class A
|
Period Ended
|
Returns
|
Best Quarter
|
December 31, 2023
|
7.40%
|
Worst Quarter
|
September 30, 2022
|
-5.35%
|
Inception
Date
|
1
Year
|
5
Years
|
10
Years
|
|
Class A
|
||||
Return Before Taxes
|
5/31/1984
|
0.76
%
|
-0.64
%
|
0.86
%
|
Return After Taxes on Distributions
|
-0.70
|
-1.99
|
-0.65
|
|
Return After Taxes on Distributions and Sale of Fund
Shares
|
0.42
|
-1.02
|
0.02
|
|
Class C
|
8/13/1993
|
3.46
|
-0.51
|
0.69
|
Class R
|
5/15/2020
|
4.97
|
-0.06
1
|
1.02
1
|
Class Y
|
9/25/2006
|
5.38
|
0.45
|
1.55
|
Class R5
|
6/1/2010
|
5.54
|
0.49
|
1.60
|
Class R6
|
4/4/2017
|
5.50
|
0.56
3
|
1.54
3
|
Bloomberg US Mortgage Backed Securities Index
(reflects no deduction for fees, expenses or taxes)2
|
5.05
|
0.25
|
1.38
|
|
Bloomberg U.S. Aggregate Bond Index (reflects no
deduction for fees, expenses or taxes)2
|
5.53
|
1.10
|
1.81
|
|
Portfolio Managers
|
Title
|
Length of Service on the Fund
|
Clint Dudley, CFA
|
Portfolio Manager
|
2010
|
David Lyle
|
Portfolio Manager
|
2023
|
Brian Norris, CFA
|
Portfolio Manager
|
2010
|
Type of Account
|
Initial
Investment
Per Fund
|
Additional
Investments
Per Fund
|
Asset or fee-based accounts managed by your financial adviser
|
None
|
None
|
Employer Sponsored Retirement and Benefit Plans and
Employer Sponsored IRAs
|
None
|
None
|
IRAs and Coverdell ESAs if the new investor is purchasing
shares through a systematic purchase plan
|
$25
|
$25
|
All other types of accounts if the investor is purchasing shares
through a systematic purchase plan
|
50
|
50
|
IRAs and Coverdell ESAs
|
250
|
25
|
All other accounts
|
1,000
|
50
|