American Century Emerging Markets Debt Fund I Class

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Under normal market conditions, the fund invests at least 80% of its net assets in fixed income instruments of issuers that are economically tied to emerging markets. It will invest in debt instruments issued by foreign governments and corporations. The fund may invest without limitation in both investment grade and high-yield ("junk bonds") debt securities. It also invests in derivative instruments. The fund may use foreign currency exchange contracts to shift its investment exposure from one currency into another, for hedging purposes or to enhance returns.