Industry description
The investment seeks total return with an emphasis on current income as well as capital appreciation.
The fund normally invests at least 80% of its net assets in fixed-income securities and debt instruments of emerging-market issuers. The manager uses proprietary research to identify specific countries, corporate sectors, and issuers that are attractively priced. The manager's investment decisions are not constrained by market capitalization, company fundamentals, security valuation or seasoning, or similar characteristics. The fund is non-diversified.