Inception Date: |
04/24/2007
|
Fund Assets ($MM): |
333 |
Gross Expense Ratio (%): |
2.32 |
Net Expense Ratio (%): |
2.32 |
Annual Management Fee (%): |
1.00 |
Distribution Frequency: |
Quarterly |
Premium/Discount (%): |
-8.72 |
SEC 30-Day Yield Subsidized (%): as of
01/31/2025
|
11.52 |
SEC 30-Day Yield Unsubsidized (%): as of
01/31/2025
|
11.52 |
Number of Shares Repurchased: During Month
12/31/2024
|
0 |
Number of Shares Repurchased: Year-to-Date
12/31/2024
|
802,439 |
Number of Shares Outstanding: as of
12/31/2024
|
64,456,047 |
Listed Leverage (%): |
16.58 |
|
|
Inception Date: |
04/24/2007
|
Fund Assets ($MM): |
333 |
Gross Expense Ratio (%): |
2.32 |
Net Expense Ratio (%): |
2.32 |
Annual Management Fee (%): |
1.00 |
Distribution Frequency: |
Quarterly |
Premium/Discount (%): |
-8.72 |
SEC 30-Day Yield Subsidized (%): as of
01/31/2025
|
11.52 |
SEC 30-Day Yield Unsubsidized (%): as of
01/31/2025
|
11.52 |
Number of Shares Repurchased: During Month
12/31/2024
|
0 |
Number of Shares Repurchased: Year-to-Date
12/31/2024
|
802,439 |
Number of Shares Outstanding: as of
12/31/2024
|
64,456,047 |
Listed Leverage (%): |
16.58 |
We seek a high level of current income, with a secondary investment objective of long-term capital appreciation by investing in a range of sovereign, quasi-sovereign and corporate debt securities in emerging markets. Investments are mostly denominated in emerging market and/or non-U.S. currencies. We believe that emerging markets experiencing positive fundamental change may present attractive investment opportunities for investors. To help achieve its objective, we combine top-down country allocation with bottom-up security selection.
|
|
Sovereign
|
101.52
|
|
Corporate Bond
|
4.95
|
|
Quasi-Sovereign
|
2.53
|
|
FX
|
0.29
|
|
Derivatives
|
0.03
|
|
Pledged Cash
|
0.01
|
|
Other
|
-17.04
|
|
Cash & equivalents
|
7.70
|
|
AAA
|
5.62
|
|
AA
|
0.13
|
|
A
|
8.65
|
|
BBB
|
31.49
|
|
BB
|
43.83
|
|
B
|
14.18
|
|
CCC
|
2.17
|
|
CC
|
1.09
|
|
D
|
0.21
|
|
Not Rated
|
-11.28
|
|
Cash & equivalents
|
3.91
|
May not sum to 100% due to rounding.
|
Egypt
|
16.00
|
|
Uzbekistan
|
13.82
|
|
Malaysia
|
9.54
|
|
Kazakhstan
|
9.45
|
|
Turkey
|
9.02
|
|
Mexico
|
8.98
|
|
Dominican Republic
|
8.12
|
|
Thailand
|
7.95
|
|
Singapore
|
7.45
|
|
Poland
|
7.28
|
May not sum to 100% due to rounding.
Egypt Government Bond:24.458 01oct2027
|
7.85
|
South Africa (Republic of):8.875 28feb2035
|
7.03
|
United States Treasury:Bill 0.000 16jan2025
|
4.14
|
South Africa (Republic of):9.000 31jan2040
|
3.86
|
Poland (Republic of):2.000 25aug2036
|
3.71
|
Uzbek Industrial and Construction Bank A:21.000 24jul2027
|
3.64
|
Egypt (the Arab Republic of):Bill 0.000 01apr2025
|
3.50
|
Serbia Republic of (Government):7.000 26oct2031
|
2.90
|
Serbia Republic of (Government):4.500 20aug2032
|
2.35
|
Dominican Republic:12.750 23sep2029
|
2.04
|
Total
|
41.02
|
Managing Director
21 years industry experience
Executive Director
18 years industry experience
Managing Director
17 years industry experience
Effective July 19, 2022, Brian Shaw and Patrick Campbell have been added as Portfolio Managers on the Fund. Warren Mar is no longer serving as Portfolio Manager on the Fund.
|