| NASDAQ Exchange | United States Country |
The fund is designed to offer investors exposure to emerging markets through a diversified portfolio of equity securities. With a focus on acquiring common stocks, the fund also keeps its options open to invest in other types of equity instruments such as preferred stocks and depositary receipts. A significant characteristic of the fund is its commitment to invest at least 80% of its net assets, in addition to any borrowed funds, in equity securities of companies based in emerging market nations. This strategic investment approach aims to tap into the growth potential of emerging markets while diversifying investment risks.
The fund prioritizes investments in common stocks of emerging market companies, seeking to capitalize on their growth potential. Common stocks represent shares of ownership in a company, providing voting rights and the possibility of dividend payments.
Beyond common stocks, the fund diversifies its portfolio with investments in preferred stocks and depositary receipts. Preferred stocks offer potential dividends that are typically higher than those of common stocks and take precedence in the event of liquidation. Depositary receipts enable the fund to hold shares in foreign companies, facilitating international investment exposure.
At least 80% of the fund's net assets are dedicated to equity securities of companies operating in emerging markets. This strategy focuses on regions with the potential for economic growth, aiming to achieve long-term capital gains from investments in these markets.
The fund is open to investing in securities denominated in both U.S. Dollars and the currencies of the emerging market countries it invests in. It does not limit itself to companies of a specific size, allowing for investments across all market capitalizations, including small and mid-cap companies. This approach ensures a broad diversification of currency risk and exposure to various stages of company growth.