1 Global High Income Fund Index is an unmanaged index compiled by the advisor, currently constructed as follows: 50% J.P. Morgan Emerging Markets Bond Index Global (EMBI Global) and 50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM Global Diversified). Investors should note that indices do not reflect the deduction of fees and expenses.
2 Quasi-sovereign bonds are securities issued by entities supported by the local government.
3 “Spreads” refers to differences between the yield paid on US Treasury bonds and other types of debt, such as emerging markets bonds.
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