| NASDAQ Exchange | United States Country |
The fund is designed for investors seeking broad exposure to the fixed-income market, particularly enhancing their portfolio through international diversification. By allocating at least 80% of its net assets to fixed-income securities, the fund primarily focuses on securities from non-U.S. companies, though it maintains the flexibility to invest in U.S. fixed-income assets. This global investment approach is underscored by the fund's strategy to invest in companies across a minimum of three countries, thereby tapping into the potential of both developed and emerging markets. The fund's inclusive investment philosophy means it does not restrict itself to any one sector of the fixed-income market, instead, it explores opportunities across various sectors including government and corporate debt securities worldwide.
The core of the fund's investment strategy lies in its commitment to fixed-income securities issued by non-U.S. companies. This includes bonds and other debt instruments issued by corporations headquartered outside of the United States, providing investors with international exposure and the potential for diversified income sources.
Emphasizing its belief in the value of geographic diversification, the fund ensures a global spread of its investments by allocating assets across companies in at least three different countries. This policy enables participation in a variety of economic environments, spreading risk, and tapping into the growth potential beyond the domestic market.
Apart from covering the fixed-income universe in developed countries, the fund is distinct in its significant allocation towards emerging markets. This strategy is aimed at investors looking for growth opportunities and higher yields that emerging markets may offer, balanced with the stability of investments in developed countries.
In its pursuit of diversified and strategic investments, the fund does not confine itself to a specific sector within the fixed-income market. It is open to investing across all sectors, encompassing U.S. and non-U.S. government bonds, corporate debt securities, and other fixed-income instruments, allowing for a broad investment spectrum that can adapt to changing market conditions.