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.
* Funds are placed in general risk/return categories based on their 10-year standard deviation
(as of December 2015) or, for newer funds, the standard deviation of the types of securities
in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.