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The Fund’s non-diversified portfolio consists of fixed income securities of companies and governments located outside the United States. |
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- Diversify risks across a number of fixed income strategies, each with defined risk contributions
- Investment decisions are not consensus based, rather portfolio construction is based on contributions from specialists who are responsible for their own area
- Allocate risk to the various positions using standardized measures of risk
- Pictet Asset Management has a long history specializing in international investing
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Overview |
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| Category: |
Foreign Fixed Income |
| Ticker Symbol: |
FFXCX |
| CUSIP: |
349913665 |
| Benchmarks:1 |
Citigroup World BIG Bond ex-U.S. Index and Blended Benchmark (60% Citigroup World BIG ex-U.S. Index/20% Merrill Lynch European Currency High Yield Index/20% JP Morgan GBI-EM Global Diversified Composite) |
| Inception: |
October 5, 2007 |
| Net Assets: |
$4.3 Million |
| Load Fee: |
No Load |
| Dealer Concession: |
1.00%2,3 |
| Trail: |
1.00%4 |
| Gross Expense Ratio: |
2.55% |
| Net Expense Ratio: |
1.89%5 |
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Minimum Investment |
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| Initial: |
$4,000 |
| Initial–eDelivery: |
$2,000 |
| Initial–Automatic Investment Plan: |
$500 |
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Statistics |
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| Average Maturity (years): |
3.62 |
| Modified Duration: |
4.83 |
| Convexity: |
0.59 |
| Weighted Avg. YTM: |
5.83 |
| Weighted Avg. Coupon: |
3.74 |
| Weighted Avg. Credit Quality: |
A |
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1 Unhedged USD
2Maximum concession allowed. See prospectus for more details.
3Maximum deferred sales charge for shares held less than two years in 1.00%.
4Begins after the 24th month.
5The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expenses, until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxed, dividends, and extraordinary expenses) for Class C shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.89%.
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