| Credit risk:Investment in bonds or other fixed income securities are subject to the risk that issuers not make payments on such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security. Risk of investing in high yield bond:The Fund may invest in high yield bonds which involve substantial risk. High yield bonds are regarded as being predominately speculative as to the issuer’s ability to make payments of principal and interest. Issuers of high yield debt securities may be highly leveraged and may not have available to them more traditional methods of financing. An economic recession may adversely affect an issuer’s financial condition and the market value of high yield debt securities issued by such entity. Interest rate risk:The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change. Longer term debt securities are usually more sensitive to interest rate changes. Risk of investing in developing markets:The Fund may invest in emerging markets including Russia which involve certain risks such as higher price volatility, less publicly-available information, liquidity and regulatory risk. Risk with international investing:Since the Fund invests on an international basis, the value of the assets of the Fund may be affected by uncertainties of the underlying countries such as political, economic or other developments in the law or regulations of the countries in which the Fund may invest. Besides, as the Fund invests in securities denominated in different currencies other than the base currency of the Fund; changes in foreign currency exchange rates will affect the value of Shares held in the Fund. Investment risk:There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. |