The fund primarily seeks to provide a high level of current income and gains. The fund secondarily seeks capital preservation.
- Exposure to the expanded opportunity set and diversification potential of global bonds
- Broad flexible mandate that invests beyond sovereign debt, including corporate bonds, mortgage-backed securities and up to 30% in below-investment-grade securities
- Active, opportunistic approach that adjusts the portfolio’s country, currency, sector and interest rate positioning to suit current market conditions
- Attractive income potential
The fund is a multi-sector global bond strategy that invests primarily in sovereign, government-related, corporate and other types of debt from developed and emerging markets around the world. The fund invests at least 80% of its managed assets in global debt securities, including global sovereign and government-related debt, corporate debt and structured debt, such as mortgage-backed and asset-backed securities. The fund’s securities are primarily rated investment grade by S&P, Moody’s or Fitch at the time of purchase (or unrated but deemed to be of comparable quality by the fund’s management). However, up to 30% of the fund’s managed assets may be securities rated below investment grade (or unrated but deemed to be of comparable quality by the fund’s management). The fund may not invest in debt rated below CCC. The fund will use futures, forwards and other derivatives to create or reduce exposure to countries, sectors, currencies, and interest rates in seeking to enhance total returns and/or manage risk. The fund uses leverage.
|Closing Share Price (As of 11/21/2014)||$11.83
|Closing NAV per Share (As of 11/21/2014)||$12.93
|Premium / Discount**||-8.51%
|Current Distribution Rate (Market price)††||6.93%
|Distribution Amount (Quarterly)††||$0.2050
|Distribution Type ||Managed Distribution
Potential distribution sources include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. Under its Managed Distribution policy, the fund seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.
Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation.