Fund Description

The fund invests primarily in emerging market fixed-income investments, denominated in foreign currencies or U.S. dollars and of any duration, and does not limit the amount it may invest in investments rated below investment grade. It may use derivative contracts to implement its strategies, adjust duration, and manage currency effects without fully insulating returns from currency fluctuations. The adviser actively manages the portfolio seeking total returns over longer periods in excess of the J.P. Morgan Emerging Markets Bond Index Global Diversified, using global macro assessment, investment themes, and credit analysis of sovereign and corporate issuers. It actively trades securities and may at times concentrate in a single country.