This fund aims to maximize current income while seeking capital preservation by investing in Euro- or European currency-denominated fixed income securities, with currency exposure hedged back to US dollars. It allocates at least two-thirds of assets to European currency-denominated debt securities of European companies and governments, with up to 35% in below investment grade securities and up to 25% in emerging market debt. The strategy employs fundamental credit research combined with macroeconomic analysis to identify opportunities across European issuers, with active duration and credit positioning, while systematically hedging non-USD currency exposures. Through hedged European fixed income investment emphasizing income generation in USD terms, the fund provides European debt market exposure without direct currency volatility, appropriate for USD-based income investors seeking European credit exposure with hedged FX risk. more
| Time Frame | Absolute | Annualised |
|---|---|---|
| 1-Year Return | -0.65% | -0.65% |
| 3-Year Return | +18.17% | +5.84% |
| 5-Year Return | +9.07% | +1.75% |
| 10-Year Return | +36.27% | +3.14% |
| All Time Return | +43.53% | +3.14% |
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