EMCB

EMCB takes an active approach to the broad emerging-market corporate debt segment, holding USD-denominated bonds issued by corporate entities from Asia, Latin America, Eastern Europe, the Middle East, and Africa (collectively, Emerging Markets). The bulk of EMCB is concentrated in intermediate-term bonds, as it attempts to maintain an aggregate portfolio duration of between 2 and 10 years. Also, the fund's holdings have a bias towards bonds with credit ratings between BBB and BB, however, its exposure is fluid thanks to its active structure. EMCB's ability to hold up to 20% of net assets in OTC derivatives adds additional risks that investors must weigh before buying.