Industry description
The investment seeks total investment return consisting of a combination of interest income, capital appreciation, and currency gains.
Under normal market conditions, the fund invests at least 80% of its net assets in “bonds,” including derivative instruments or other investments that have economic characteristics similar to bonds. The fund invests primarily in fixed and floating rate debt securities and debt obligations (including convertible bonds) of governments, government agencies and government-related issuers worldwide, including supranational entities (collectively, “bonds”). The fund is non-diversified.