| NASDAQ Exchange | United States Country |
The fund is an investment vehicle that primarily focuses on fixed-income securities, dedicating at least 80% of its net assets to this asset class. It has a distinct international orientation, with a considerable portion of its investments allocated to fixed-income securities issued by non-U.S. companies. The fund's investment strategy is characterized by its global reach, normally involving securities from at least three different countries. This international diversification extends to both developed and emerging markets, indicating a broad investment mandate. The fund's flexible investment approach allows it to explore opportunities across all fixed-income sectors, including debts issued by both U.S. and non-U.S. governments and corporations. This strategy aims to provide investors with exposure to various global fixed-income instruments, potentially enhancing the fund's risk-return profile.
At the core of its operation, the fund invests a minimum of 80% of its net assets in fixed-income securities. These securities include bonds and other debt instruments that generate regular income. The investment in fixed-income securities is designed to offer investors a steady income stream, with a focus on preserving capital and managing risk.
A significant portion of the fund's portfolio is dedicated to bonds issued by non-U.S. companies. This includes corporate bonds from various industries and sectors worldwide, providing investors with a diversified exposure to international corporate debt markets. These investments aim to capitalize on the growth potential of non-U.S. corporations while potentially offering higher yields compared to domestic fixed-income securities.
The fund also invests in government debt securities, both from the U.S. and other countries. This includes treasury bonds, municipal bonds, and other government-issued debt, offering a mix of safety, income, and diversification. Government debt securities are an essential part of the fund's strategy to balance its portfolio, reduce overall investment risk, and tap into the stability of government-backed instruments.
In pursuit of broader diversification and potential yield enhancement, the fund extends its investments to fixed-income securities from both developed and emerging markets. This approach not only increases the fund's global footprint but also allows it to benefit from the dynamic economic growth in emerging markets and the stability and lower risk associated with developed markets.
The fund's investment strategy is not limited to specific sectors; it has the flexibility to invest across all fixed-income sectors. This inclusive approach enables the fund to dynamically adjust its portfolio according to market conditions and interest rate movements, aiming to optimize returns while managing exposure to risks.