| NASDAQ Exchange | United States Country |
The described fund is an investment vehicle that strategically targets equity securities in both the United States and international markets. It is designed for investors looking to diversify their portfolios across different geographic regions and market capitalizations. The fund's investment strategy is adaptive, with allocations between U.S. and foreign issuers and among various levels of market cap being fluid, responding to changing market conditions. However, there is a commitment that under normal circumstances, at least 40% of the fund's assets are invested in securities of issuers based in a minimum of three countries outside of the United States. Furthermore, a baseline of 80% of its net assets, including any borrowings for investment purposes, is maintained in equity securities. The fund is open to investments in companies of any market capitalization, providing a broad scope for potential growth and diversification.
This encompasses the fund's primary focus on investing in equity securities of both U.S. and foreign companies. Equity securities can include common stocks, preferred stocks, or other securities convertible into stocks, providing a means for investors to gain ownership in company assets and earnings.
With a mandate that at least 40% of the fund's assets are to be allocated to securities of issuers in at least three countries outside of the United States, this element of the fund's strategy underlines its commitment to global diversification. This approach is intended to reduce risk through geographic spread and to tap into the growth potential of foreign markets.
The fund does not restrict its investments based on the market capitalization of the companies it invests in. This flexibility allows the fund to invest in large-cap, mid-cap, and small-cap companies alike, depending on where it sees the best potential for returns in line with its overall investment strategy.