Description

This fund seeks to mirror the performance of the J.P. Morgan Emerging Markets Bond Index Global Diversified 1Bn Country. The index comprises U.S. dollar-denominated fixed and floating-rate debt instruments issued by sovereign states and related governmental entities in developing nations. To be classified as an emerging market, a country must, for three continuous years, exhibit either a Gross National Income (GNI) per capita below a predefined index income level or a national living cost, measured by the Index Purchasing-Power-Parity Ratio, below a specific threshold. A maximum weight of 10% is imposed on any individual country during each rebalancing. Additionally, eligible countries must have at least USD 1 billion in total outstanding debt. For comprehensive details regarding this JPMorgan index and its underlying methodology, please consult their dedicated website.