I've had this fund for about 15 years. The past 7 or 8 years have been dismal. Considering the performance of the dollar against the Euro the fund should be doing better. My wife has American Century International Bond Fund in her account. It has done much better with the same type of investments. This one has a better yield but I was hoping for appreciation to offset the doggie dollar. A better yield and less share price volitility would suit me some. They spend fund money to hedge but I think they do a very poor job of anticipating currency movements.