Description

Under typical circumstances, this fund allocates a minimum of 80% of its total assets, which includes any borrowed capital, to debt instruments denominated in currencies other than the U.S. dollar. These foreign-currency fixed-income holdings may include those originating from developing economies. Crucially, the fund aims to preserve at least 80% of its net asset value in U.S. dollar currency exposure, typically through hedging strategies, under normal market conditions. This investment vehicle is designated as non-diversified.