The investment seeks to provide shareholders with high total return through current income and, secondarily, through capital appreciation.
The fund invests primarily in fixed income securities of emerging markets issuers. Under normal circumstances, at least 80% of the fund's net assets will be invested in fixed income securities of issuers that are located in emerging markets countries, or that earn 50% or more of their total revenues from goods or services produced in emerging markets countries or from sales made in emerging markets countries. It will not invest 25% or more of its total assets in any single issuer. The fund is non-diversified.