The investment seeks total return. The fund normally invests at least 80% of assets in fixed-income securities issued by governments, government related entities and corporations located in emerging markets and related investments. It may invest up to 50% of assets in non-U.S. dollar denominated fixed-income securities. These investments include, but are not limited to, instruments designed to restructure outstanding emerging-market debt such as participations in loans between governments and financial institutions. The fund is nondiversified.