High-quality, investment-grade international bonds may offer higher yields than U.S. Treasury securities or investment-grade bonds in exchange for greater risk.
International fixed-income securities offer attractive diversification benefits relative to an all-U.S. bond portfolio.
The fund is subject to a variety of risks including the risk of investing in foreign markets, the types of bonds purchased, the degree of currency exposure, and whether the bonds are issued by countries in developed markets, emerging markets, or both.
In addition, there are the interest rate and credit risks normally associated with investing in bonds.
Suitable for an investor with a long-term horizon seeking the above-average total return potential from international bonds.
For investors seeking diversification relative to an all domestic fixed-income portfolio.