Seeks to generate positive returns from global investment-grade fixed income with a focus on downside risk and diversification from equity markets.
To generate income while offering some protection against rising interest rates and a low correlation with equity markets.
- The investment manager's approach is based on proprietary fundamental research and relative value analysis.
- The investment manager seeks to add value primarily through duration management, currency selection, sector allocation and security selection.
- The investment process places a strong emphasis on downside protection, utilizing robust risk management practices and portfolio diversification to manage the overall risk profile.
- Environmental, social and governance ("ESG") factors with particular focus on those considered most likely to have a material impact on the performance of the holdings or potential holdings in the funds’ portfolio are assessed. These ESG factors, which are incorporated into the investment process alongside financials, valuation, macro-economics and other factors, are components of the investment decision. Consequently, ESG factors are not the sole driver of an investment decision but are instead one of several important inputs considered during investment analysis.
- The fund invests mainly in a portfolio of bonds of all types from issuers around the world, including emerging markets.
- Specifically, the fund invests at least two-thirds of total assets in debt securities issued by governments, government agencies, companies and banks. Portfolio debt securities can include fixed and floating rate bonds, convertible bonds, warrants and other transferable debt securities of any type, with a rating of investment grade by major rating agencies or if unrated of equivalent quality. The fund may invest more than 20% of assets in asset-backed securities (ABS) and mortgage backed securities (MBS).
- The fund does not invest more than 10% of assets in equities and equity-related securities, 25% of assets in convertible bonds, and one third of assets in money market securities, with total investment in these categories limited to one-third of assets. However, for temporary defensive purposes, investments in money market securities may exceed one-third of assets.
- The fund may use derivatives for hedging, efficient portfolio management and to seek gains. The fund may also use derivatives to create synthetic short positions in currencies, debt securities, credit indices and equities.
|Month to DateData as of 03-Dec-2021||Quarter to DateData as of 03-Dec-2021||Year to DateData as of 03-Dec-2021||1 MonthData as of 31-Oct-2021||3 MonthsData as of 31-Oct-2021|
|Indicative Benchmark %||0.00%||0.03%||0.15%||0.01%||0.03%|
|Excess Return %||-0.46%||-1.93%||-1.52%||-0.46%||-0.12%|
|Share Class||Minimum Initial Investment and Holding Amount (USD)||Minimum Subsequent Investment (USD)||Minimum Redemption Amount (USD)||Sales Charge (up to)||Investment Management Fee (up to)||Ongoing Charges|
|Class A||$1,000||$100||$100||5.00%||85 basis points||1.02%|
|Class I||$2,500,000||$100,000||$0||0.00%||43 basis points||0.53%|
|Class Q||$1,000||$100||$100||0.00%||43 basis points||0.60%|
Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.