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Emerging Markets Debt Fund - R6 (JEMVX)

Emerging Markets Debt Fund - R6 (JEMVX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 10/31/2015)
1. Republic of Argentina, 8.21%, 12/31/2033 2.1%
2. Republic of Serbia, 7.25%, 9/28/2021 1.9%
3. Federative Republic of Brazil, 4.25%, 1/7/2025 1.6%
4. Republic of Hungary, 5.38%, 2/21/2023 1.6%
5. Republic of Lebanon, 8.25%, 4/12/2021 1.3%
6. Russian Federation, 5.00%, 4/29/2020 1.2%
7. United Mexican States, 5.55%, 1/21/2045 1.0%
8. Republic of Peru, 6.55%, 3/14/2037 1.0%
9. Republic of Ivory Coast, 5.75%, 12/31/2032 1.0%
10. Republic of Lebanon, 6.38%, 3/9/2020 1.0%
Total of top ten 13.7%
Portfolio breakdown* (as of 10/31/2015)
Cash/Cash-Equivalent 2.6
EM USD Denominated Corporate Debt 1.1
EM USD Denominated Quasi-Sovereign Debt 17.2
EM USD Denominated Sovereign Debt 79.1

* Due to rounding, values may not total 100%.

Average life* (as of 10/31/2015)
Years 1-3 9.7%
Years 3-5 16.0%
Years 5-7 15.5%
Years 7-10 28.8%
Years 10-20 9.3%
Years 20+ 20.7%
Duration 6.37 years
Average Maturity 10.92 years
Average Life 10.28 years

* Due to rounding, values may not total 100%.

Currency allocation* (% total net assets) (as of 10/31/2015)
USD 99.80
EUR 0.20

*Due to rounding, values may not total 100%. Net currency exposure is inclusive of the fund's derivative positions.

Portfolio stats (as of 10/31/2015)
Number of Holdings 286
Fund Assets $1.29
(in billions)
Turnover Ratio 163.92%
(Trailing 12 month) (2/28/2015)
Weighted bond equivalent yield 6.26%
Quality* (as of 10/31/2015)
AAA 2.6%
AA 0.3%
A 5.0%
BBB 30.3%
BB 28.7%
B 22.5%
CCC & Lower/Other 10.6%

The manager receives credit quality ratings on underlying securities of the portfolio from the three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the manager selects the lowest rating of the agencies when all three agencies rate a security. The manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by all three agencies are reflected as such.

* Due to rounding, values may not total 100%.

What's this? Mouse over an  underlined  word to see its definition. Check out our glossary >

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

International investing involves special risks, including economic, political, and currency instability - especially in emerging markets. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. The small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Emerging markets may not provide adequate legal protection for private or foreign investment or private property.

The Fund will invest at least 80% of its total assets in foreign and emerging markets.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

The Fund may engage in short sales. There is no guarantee that the use of long and short positions will succeed in limiting the Fund's exposure to domestic stock market movements, capitalization, sector swings or other risk factors. Investment in a portfolio involved in long and short selling may have higher portfolio turnover rates. This will likely result in additional tax consequences. Short selling involves certain risks, including additional costs associated with covering short positions and a possibility of unlimited loss on certain short sale positions.

The Fund anticipates a very high degree of portfolio turnover. This will likely result in additional tax consequences.

Total return assumes reinvestment of income.

The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.