Investment Objective
The Fund’s investment objective is to seek income with capital appreciation as a secondary objective.
an alternative to traditional
global investing
The Fund is distinguished by a focus on, and longstanding expertise in, the debt of developing market countries and companies. The Fund’s investments in developing countries will generally include countries that are commonly referred to as “frontier market” countries. These least-developed countries have smaller, less mature markets. They are typically in an earlier stage of economic and financial sophistication than those commonly referred to as "emerging market" countries.
A TEAM OF MANAGERS
The Fund is sub-advised by two complementary fixed-income managers that invest as follows:
- abrdn: Bottom-up investment process that applies fundamental research to select countries and corporate issuers.
- Global Evolution: Top-down investment process that focuses on macroeconomic and political risk, as well as country-specific risk.
FUND HIGHLIGHTS
- Invests primarily in sovereign and corporate debt within developing markets, as well as developing market currencies.
- Over time, the Fund seeks to invest in 45 to 65 countries, in local and hard currency denominated debt.
- Managed by firms with expertise and long-term track records of investing in developing market debt.
- Access to a unique debt market, offering attractive yields with lower volatility and low correlations to broad market indexes.
Total Fund Assets
$606.6 Million
Sub-Advisors (%)
| Global Evolution USA, LLC |
59.9
|
| abrdn Investments Limited |
40.1
|
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Quarterly manager
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