
See exactly how TNBMX's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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Under typical market circumstances, this fund commits a minimum of 80% of its total investment capital (which includes any borrowed funds) to international debt securities not pegged to the U.S. dollar. Simultaneously, and crucially, it endeavors to maintain at least 80% of its net assets with U.S. dollar currency exposure, thereby actively managing its foreign currency risk back to the U.S. dollar. The fund customarily invests in bonds issued in various foreign currencies, with the flexibility to include those from developing economies. It operates as a non-diversified fund.
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