| NASDAQ Exchange | United States Country |
The fund is designed to provide investors with exposure to emerging market companies through a diversified portfolio of equity securities. This includes a significant commitment, at least 80%, to equities of companies operating within emerging markets, which encompasses a broad range of economies and industries outside of the more developed markets. Additionally, the fund adopts a flexible approach towards the types and market capitalizations of securities it incorporates, aiming to optimize growth opportunities across different market conditions.
A primary focus of the fund is investment in common stocks, offering shareholders a proportionate stake in the ownership, profits, and risks of companies in emerging markets.
Beyond common stocks, the fund may diversify its holdings with preferred stocks, which can offer fixed dividends and a higher claim on assets than common stocks, and depositary receipts, which allow investment in foreign companies' shares more easily.
At least 80% of the fund's net assets, plus any borrowings for investment purposes, are dedicated to equity securities of companies based in emerging markets, capitalizing on the potential for high growth in these regions.
The fund is not limited to investments in U.S. Dollar-denominated securities but also engages in securities denominated in various emerging market currencies, providing a diverse currency exposure.
Securities of any market capitalization are considered for investment, including small and mid-cap securities, allowing the fund to leverage the growth potential of companies of various sizes.