| NASDAQ Exchange | United States Country |
The fund is designed to offer investors exposure to emerging and less developed markets across the globe. Through a rigorous fundamental research process, the investment team selects a portfolio of companies poised for growth in these dynamic regions. The fund is committed to a strategy of investing a significant portion of its assets in equity securities of businesses that are significantly associated with emerging markets, specifically ensuring that no less than 80% of its net assets, along with any borrowings for investment purposes, are invested in these markets. This approach underscores the fund's focus on tapping into the growth potential of emerging markets, while navigating the risks associated with such investments. It is categorized as non-diverse, indicating a focused approach in its investment choices.
This core offering of the fund involves investing in the equity securities of companies domiciled, headquartered, or primarily operating within emerging and less developed markets. This product is focused on capitalizing on the potential high growth rates of these regions, offering investors a pathway to participate in the dynamic economic development of emerging markets.
In adherence to its strategy, the fund dedicates at least 80% of its net assets plus any borrowings for investment purposes to equity securities in emerging markets. This concentrated investment in emerging markets is designed to leverage the growth potential and opportunities these markets offer, while accepting the associated risks including heightened volatility and market irregularities.
Being non-diversified, the fund may invest more of its assets in a smaller number of issuers. This approach allows for potentially greater rewards due to focused investment strategies but comes with increased risk as the fund's performance may be more closely tied to the performance of fewer investments. This structure requires a careful selection process to manage risk and aim for high returns.