Not exact matches
The index will rank U.S. Treasuries, U.S.
investment grade corporate bonds, U.S.
investment grade mortgage backed securities, U.S. high yield debt and U.S. dollar
denominated debt of
emerging market issuer according to their momentum / trend scores.
The fund invests, under normal circumstances, at least 80 % of its net assets plus any borrowings for
investment purposes (measured at the time of purchase)(«Net Assets») in sovereign and corporate debt securities of issuers in
emerging market countries,
denominated in the local currency of such
emerging market countries, and other instruments, including credit linked notes and other
investments, with similar economic exposures.
The fund's
investment adviser, Vanguard Fixed Income Group, seeks to outperform the JP Morgan EMBI Global Diversified Index by investing in a broadly diversified portfolio of debt issued by
emerging market governments and government - owned enterprises, with a majority of its assets either
denominated in, or hedged back to, the U.S. dollar.
It is based on the ICE BofAML Diversified High Yield US
Emerging Markets Corporate Plus Index which tracks the performance of corporate bonds
denominated in US dollars with an average credit rating below
investment grade.