The Fund seeks to generate consistent performance by exploiting inefficiencies in the full universe of the global fixed-income and currency markets.
The Fund is subject to the risk that rising interest rates will cause bond prices to fall. The fund is “nondiversified” so its share price can be expected to fluctuate more than that of a “diversified” fund.
Investments in foreign bonds are subject to special risks, including potentially adverse overseas political and economic developments, greater volatility, lower liquidity, and the possibility that foreign currencies will decline against the dollar.
The fund’s use of derivatives may expose it to additional volatility in comparison to investing directly in bonds and other debt securities.
An aggressive long-term, risk-tolerant investor seeking a high level of current income from global fixed income, who is willing to accept the fund's higher risk characteristics.
For investors seeking diversification relative to more credit oriented fixed income portfolio
Appropriate for both regular and tax-deferred accounts, such as IRAs.