The Fund seeks to maximize total investment return consistent with prudent investment management, consisting of a combination of interest income, currency gains and capital appreciation.
TOP HOLDINGS (all classes) as of 09/29/2017
|ICICI BANK 9.15% 06/08/24 INR||13.19%|
|INDONESIA (REP OF) 7.5% 15/08/32 FR74 IDR||8.12%|
|MALAYSIAN (GOVT OF) 3.441% 15/02/21 517 MYR||5.92%|
|CHAMPION MTN 3.75% 17/01/23 EMTN USD||4.43%|
|RELIANCE INDST 4.125% 28/01/25 REGS USD||4.24%|
|INDONESIA(REP OF) 5.25% 08/01/47 144A USD||3.54%|
|CHINA OVERSEAS FIN KY III 5.375% 29/10/23 USD||3.54%|
|STATE GRID OVERSEAS INV 3.5% 04/05/27 144A USD||3.52%|
|INDONESIA (REP OF) T-BILL 0% 09/11/17 153 IDR||3.44%|
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.