Fiscal Year End
|| Emerging Markets Bond
The fund's investment objective is to provide high income and capital appreciation.
Invests at least 80% (and potentially all) of net assets in the government and corporate debt securities of emerging nations. The fund may invest in the lowest-rated bonds, including those in default.
Those seeking high current income and capital appreciation, as well as greater diversification for their fixed-income investments who can accept the volatility and special risks inherent in international emerging markets investing, including currency fluctuations. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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This fund offers investors the potential for high current income and capital appreciation by investing primarily in high-yielding, high-risk bonds in emerging markets in Latin America, central Europe, and Asia. Access to these markets is important, because bonds from emerging nations can offer yields that are considerably above those provided by high-quality U.S. and foreign bonds, as well as higher capital appreciation potential.
This fund involves a high-risk approach to income from foreign bonds and its share price could fluctuate significantly. The fund is subject to the risks unique to international investing, including unfavorable changes in currency values. In addition, there are interest rate and credit risks normally associated with investing in bonds as well.