Emerging Markets Debt Local Currency Strategy

The William Blair Emerging Markets Debt Local Currency strategy seeks to provide risk-adjusted returns through investments in local currencies and local interest rates of emerging markets.

The strategy invests in a diversified portfolio of debt instruments denominated in local currencies comprised predominantly of fixed-income securities, money market instruments, derivatives, and deposits, with strategic emphasis on interest-rate duration exposure and/or currency-risk exposure.

Fixed-income securities and money market instruments are predominantly issued by or have exposure to the currencies of developing countries in Latin America, Asia, Central Europe, Eastern Europe, Africa, and the Middle East.

The strategy's primary benchmark is the JPMorgan Government Bond Index-Emerging Market (GBI-EM) Global Diversified.