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International Currency Income Fund - C (JNCCX)

International Currency Income Fund - C (JNCCX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 4/30/2015)
1. European Union, 3.63%, 4/6/2016 6.0%
2. Bank Nederlandse Gemeenten N.V., 1.85%, 11/7/2016 6.0%
3. European Investment Bank, 1.40%, 6/20/2017 5.8%
4. Republic of Finland, 0.61%, 2/25/2016 5.7%
5. European Investment Bank, 3.00%, 12/7/2015 5.4%
6. Republic of Austria, 3.50%, 7/15/2015 5.1%
7. Network Rail Infrastructure Finance plc, 4.88%, 11/27/2015 5.0%
8. Nederlandse Waterschapsbank N.V., 2.13%, 9/7/2016 5.0%
9. Bank Nederlandse Gemeenten N.V., 2.38%, 12/23/2015 4.9%
10. United Mexican States, 8.00%, 12/17/2015 4.6%
Total of top ten 53.5%
Portfolio breakdown* (as of 4/30/2015)
Corporate Bonds 10.3%
Foreign Government Securities 61.4%
Short-Term Investments 8.3%
Supranational 20.1%

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

Average life* (as of 4/30/2015)
Less than one year 62.8%
Years 1-3 28.4%
Years 3-5 0.3%
Years 5-7 8.5%
Duration 1.14 years
Average Maturity 1.29 years
Average Life 1.28 years

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

Currency allocation* (% total net assets) (as of 4/30/2015)
CNY 19.80
CNY 19.60
EUR 17.10
EUR 16.50
CAD 13.20
CAD 13.20
MXN 12.70
MXN 11.80
JPY 6.90
Other 69.30

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

Contribution to duration (in years) (as of 4/30/2015)
NON$ 1.14
Treasuries/Futures 0.08
Portfolio stats (as of 4/30/2015)
Number of Holdings 31
Fund Assets $65.93
(in millions)
Turnover Ratio 3.00%
(Trailing 12 month) (10/31/2014)
Yield to maturity 1.73%
Quality* (as of 4/30/2015)
AAA 78.0%
A 10.3%
BBB 11.9%
CCC & Lower/Other -0.2%

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.

Ordinarily the Fund will invest at least 80% of its total assets in fixed income and other debt securities denominated in foreign currencies.

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 has the ability to invest 10% of its total assets in high yield securities.

The Fund may invest in futures contracts, options, swaps, forwards and other derivatives. Many derivatives create leverage thereby causing the Fund to be more volatile than it would be if it had not used derivatives. Derivatives may be more sensitive to changes in economic and market conditions and could result in losses that significantly exceed the Fund's original investment.

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 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.