Looks like an Asian/Australian fixed income fund. Most all of the fixed income intermediate length. Anywhere from 1-10 years.
This is a higher risk bond fund. This is why you're going to see it yield 5%+. The majority of the portfolio is either BBB, BB, or simply unrated. To give you an idea of how this compares to say ZAG, which is BMO's Bond Index, nearly 90% of that fund is either AAA or AA rated.
If you're looking to take on a little higher risk for more income and get some exposure to international countries when it comes to fixed income, it doesn't seem like that bad of an option. With $1B in assets under management, it's a pretty reasonable sized fund.
However, the management fee of this fund is pretty much a no go for me. 2.57% annually. That eats up half of your yield. On the other hand, you could own something like ZAG that charges 0.09% management fee and yields 3.17%.
That fee is killer. It's a struggle these days to find fixed income that provides positive real returns. Having half of your yield go to the management team is just something I have no interest in.