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EuroPac International Bond Fund
Investment Objective
Current income with capital appreciation
Strategy: Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities of issuers located in Europe and the Pacific Rim. The Fund’s advisor considers a country to be part of Europe if it is part of the MSCI European indexes and part of the Pacific Rim if any of its borders touches the Pacific Ocean. Fixed income securities in which the Fund may invest include debt obligations of developed and emerging market governments, their agencies and instrumentalities, asset-backed securities, investment grade and non-investment grade corporate debt obligations, and convertible bonds. Corporate debt obligations include corporate bonds, debentures, notes and other similar instruments. Investment grade fixed income securities include securities rated BBB- or higher by Standard & Poor's Corporation ("S&P") or Baa3 or higher by Moody's Investors Service, Inc. ("Moody's") or, if unrated by S&P or Moody's, determined by the Fund’s advisor to be of comparable quality. Although the Fund may invest in fixed income securities rated in any category, it will primarily invest in investment grade securities. The Fund may invest in securities, including sovereign debt securities, denominated in U.S. dollars or in foreign currencies.
The Fund’s advisor will first select foreign currency compositions based on an evaluation of various macroeconomic factors including, but not limited to, relative interest rates, exchange rates, monetary and fiscal policies, and trade and current account balances. Once the advisor establishes currency compositions, it will then select fixed income securities that it believes offer attractive income and/or capital appreciation potential with a reasonable level of risk. The Fund generally invests where relative combinations of fixed-income returns and currency exchange rates appear attractive. The Fund’s advisor may sell securities for a variety of reasons, but in most cases it will be to adjust the portfolio’s average maturity, credit quality or yield, or to change geographic or currency exposures.
Carefully consider the risks and special considerations associated with investing in the fund. You may lose money by investing in the fund. Foreign investments also present risks due to currency fluctuations, economic and political factors, lower liquidity, government regulations, differences in securities regulations and accounting standards, possible changes in taxation, limited public information and other factors. The risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies. More information about these risks and others can be found in the fund’s prospectus.
Benchmark: Citigroup World Government Bond Index
Inception Date: 11/15/2010
Ticker Symbol: EPIBX
CUSIP: 461418618
Minimum Investment: $2,500
Portfolio Manager: James R. Nelson, CFA
Fund Facts |
Summary Prospectus |
Statutory Prospectus |
Statement of Additional Information |
Annual Report
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Additional Information
If you would like to speak with a representative further about Euro Pacific Funds, international stocks or separately managed accounts, please either fill out the form below or call 1-800-727-7922 and you will be put in touch with a Euro Pacific Capital investment consultant.
