The fund seeks to deliver greater income potential than traditional higher quality fixed income securities in exchange for higher credit risk.
Provides investors access to a fully global corporate high yield opportunity set.
Hedges non-U.S. dollar denominated securities to help mitigate potential foreign exchange risk.
All investments are subject to risk, including the possible loss of principal. Fixed-income securities are subject to credit risk (high-yield bonds carry a greater default risk than higher-rated bonds), liquidity risk, call risk, and interest-rate risk. Yield and share price will vary with interest rate changes.
The investments in high-yield bonds, bank loans, and foreign securities, including those of emerging markets, involve additional risks.
Suitable for investors seeking a high level of current income and some appreciation potential and willing to accept the possibility of fluctuations in principal value. The fund should not represent a significant portion of your assets.
Appropriate for both regular and tax-deferred accounts, such as IRAs.