Description

This fund typically allocates at least 80% of its total net assets (including any capital borrowed for investment purposes) to corporate debt instruments. These bonds originate from companies that are either headquartered in, listed on exchanges within, or conduct the majority of their business operations in the developing nations of Latin America, Asia, Europe, Africa, and the Middle East. Although the fund's management generally aims for an intermediate-term weighted average maturity across its holdings, there are no specific limits on the maturity of the overall portfolio or any individual security the fund purchases.