Description

Generally, the fund commits a minimum of 80% of its investable capital to bonds spanning various maturities. Its primary focus is on fixed or floating rate debt instruments issued by foreign corporations and governments, which may be denominated in either U.S. dollars or other international currencies. A maximum of 35% of its total assets may be allocated to lower-rated or unrated securities. Furthermore, the fund has the flexibility to utilize derivative instruments for up to 25% of its net assets. This fund is structured as non-diversified.