Strategy

Seeks to maximize total returns from a combination of price appreciation and income by: 

  • Investing predominantly in a diversified basket of emerging-market (EM) hard-currency sovereign-debt issues, with opportunistic allocations to EM corporate debt and EM local-currency debt 

  • Leveraging our extensive experience in EM-debt investing, utilizing fundamental and quantitative research capabilities with a global team of portfolio managers and traders

Portfolio Management Team




Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

  • Allocation risk
  • Corporate debt obligations risk
  • Derivatives risk
  • Emerging-markets risk
  • Fixed-income securities risk
  • Focused portfolio risk
  • Liquidity risk
  • Lower-rated and unrated instruments risk
  • OTC derivatives counterparty risk
  • Portfolio turnover risk
  • Sovereign debt obligations risk
  • Structured investments risk


Fund Literature