Strategy

Seeks to maximize current income while seeking preservation of capital by:

  • Maintaining a diversified portfolio of investment grade and non-investment grade fixed-income securities issued by European companies and governments, with flexibility to invest in some non-European issuers 

  • Investing predominantly in Euro or European currency-denominated securities

  • Dynamically balancing higher-yielding Euro fixed-income assets with lower risk government bonds to generate yield from diverse sources 

  • Employing a multi-sector approach in search of the best opportunities 

Portfolio Management Team




Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

  • Corporate debt obligations risk
  • Derivatives risk
  • Emerging-markets risk
  • Fixed-income securities risk
  • Focused portfolio risk
  • Liquidity risk
  • Lower-rated and unrated instruments risk
  • OTC derivatives counterparty risk
  • Portfolio turnover risk
  • Sovereign debt obligations risk
  • Structured investments risk


Fund Literature