The investment seeks high total return; capital appreciation is a secondary consideration. The fund normally invests at least 80% of assets in fixed income securities of issuers that are located in emerging markets countries, or that earn 50% or more of their total revenues from goods or services produced in emerging markets countries or from sales made in emerging markets countries. It dose not invest 25% or more of assets in any single foreign government issuer. The fund is nondiversified.