Address And Details

335 Madison Avenue, 19th Floor , New York, NY 10017
Fund Manager Eric Fine
Manager Tenure 9 Years 2 Months

Strategy And Objective

The Unconstrained Emerging Markets Bond Fund seeks total return,consisting of income and capital appreciation.Under normal conditions,the Fund invests at least 80% of its net assets in emerging market debt securities.An instrument will qualify as anemerging market debt security if it is either (i) issued by an emerging market government,quasi-government or corporate entity (regardless of thecurrency in which it is denominated) or (ii) denominated in the currency of an emerging market country (regardless of the location of the issuer).TheFund may also invest in non-emerging market debt securities.There is no limit on the amount the Fund may invest in one country or in securities denominated in one currency.The Fund may also invest in debt securities rated below investment grade (“junk bonds”).The Fund is considered to be “non-diversified” which means that it may invest a larger portion of its assets in a single issuer.The Fund may engage in active and frequent trading of portfolio securities.The Fund invests in debt issued in emerging market and developed market currencies by governments and government-owned,controlled,or relatedentities (and their agencies and subdivisions),and by corporations.The Fund may invest in corporate bonds,debentures,notes,commercial paper,time deposits,and certificates of deposit,as well as debt obligations,which may have a call on a common stock or commodity by means of a conversion privilege or attached warrants.The Fund may also invest in emerging market or developed market currencies.The Fund may use derivative instruments denominated in anycurrency to enhance return,hedge (or protect) the value of its assets against adverse movements in commodity prices,currency exchange rates,interest rates and movements in the securities markets,manage certain investment risks and/or as a substitute for the purchase or sale of securities,currencies or commodities.The Fund may also use derivative instruments to implement “cross-hedging” strategies,which involve the use of onecurrency to hedge against the decline in the value of another currency,or to hedge the value of a currency that is embedded in the value of another currency (for example,the value of the Euro that may be embedded in the Polish zloty).The Fund expects to use forward currency contracts; futureson securities,indices,currencies,commodities,swaps and other investments; options; and interest rate swaps, cross-currency swaps,total returnswaps and credit default swaps.The Fund may also invest in credit-linked notes.The notional value of a cash-settled forward currency contract or other derivative instrument on an emerging market currency (or a currency that is embedded in an emerging market currency) or security (includingany security that is a reference security for a credit default swap) will be treated as an emerging market debt security for purposes of complying with the Fund’s policy of investing at least 80% of its net assets in emerging market debt securities.

Net Asset Value

as of 6:20 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.46%
  • 1 Month
  • 0.00%
  • 3 Months
  • -1.96%
  • 1 Yr Return
  • +0.62%
  • 5 Yr Return
  • -7.01%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 96.84%
Cash 3.31%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.15%
Total Net Assets 20.38 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 4.64 3.73 n/a
Beta 0.76 0.76 n/a
R Squared 0.03 0.04 n/a
Std Deviation 15.95 13.02 n/a
Sharpe Ratio 0.51 0.41 n/a

Purchase Information

as of 6:12 PM ET 09/16/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +6.60%
  • +23.30%
+6.60% +23.30%
3 Year
  • +7.96%
  • +7.31%
+7.96% +7.31%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +3.17%
  • +3.34%
+3.17% +3.34%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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