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Seeks to maximise total investment return consistent with prudent investment management, consisting of a combination of interest income, currency gains and capital appreciation.
The Fund seeks to achieve its objective by investing primarily in bonds and other debt securities of Asian issuers. The investment team bases its investment decisions on a combination of fundamental economic and market factors, incorporating an assessment of interest rate and currency factors and issuer credit quality.
TOP HOLDINGS (all classes) as of 06/30/2016
View detailed list of holdings
|INDIA (GOVT OF) 8.27% 09/06/20 INR||6.97%|
|KOREA (REP OF) 2.625% 10/09/35 3509 KRW||5.45%|
|INDONESIA (REP OF) 8.25% 15/05/36 FR72 IDR||5.13%|
|CHINA (PEOPLES REP OF) 4.15% 28/04/31 2110 CNY||5.03%|
|BANK OCBC NISP TBK 9.4% 10/02/17 OB IDR||4.65%|
|MALAYSIAN (GOVT OF) 3.8% 17/08/23 116 MYR||3.81%|
|KOREA (REP OF) 3.75% 10/12/33 3312 KRW||3.51%|
|POWER FINANCE CORP 9.39% 27/08/24 118B INR||3.10%|
|INDONESIA (REP OF) 8.75% 15/05/31 FR73 IDR||2.89%|
|ICICI BANK 9.15% 06/08/24 INR||2.47%|
Concentrating investments in the Asian region subjects the Fund to more volatility and greater risk of loss than geographically diverse funds. Foreign securities are more volatile, harder to price and less liquid than U.S. securities; and are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).
Derivatives are speculative and may hurt the Fund’s performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the derivative is linked changes in unexpected ways.
Please read the prospectus for more detailed information regarding these risks.
May 01, 2007
$1,000 Classes A, C
$1,000 IRA: Classes A, C
No minimum: Class R
$1,000,000 Institutional Service
as of June 30, 2016