This fund is mostly focused on Australia and South Korea followed by the Philippines and Hong Kong. It is 65% invested in corporate bonds followed by 29% government bonds and has an average rating of A+. They also make use of roughly 25% leverage which isn’t a bad thing considering they are using cheap money to buy better paying bonds.

Here are some of the relevant stats:

Yield: 6% paid monthly (currently $.035/share)
Cap: 1.74B
Volume: 800k
Fees: 1.37%
Beta: 0.74
Cost: 6.55 (selling at a 2.5% discount to NAV)

If you need a little Asian coverage with the stability of Australia as well then this may be a fund to research further.