| NASDAQ Exchange | United States Country |
This fund is primarily focused on investing in a variety of equity securities, including common stocks, preferred stocks, and depositary receipts, with a primary emphasis on emerging market companies. By allocating at least 80% of its net assets, in addition to any borrowings for investment purposes, towards equity securities in these markets, the fund aims to leverage the growth potential in these rapidly developing regions. It pursues opportunities across a wide range of market capitalizations, from small to mid-cap companies, diversifying its investment portfolio to optimize returns for its investors. The fund's strategy includes the flexibility to invest in securities denominated in both U.S. Dollars and the local currencies of the emerging markets it targets, allowing for a broad exposure to global equities within the emerging market spectrum.
Investing in common stocks allows shareholders to have a direct claim on a portion of the profits, often in the form of dividends, of the companies in which the fund invests. This can provide a source of income as well as capital appreciation potential.
Preferred stocks offer a higher claim on assets and earnings than common stocks. They typically pay dividends at a fixed rate before any dividends are paid to common stockholders, adding a layer of security to the investment.
These are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. Depositary receipts allow the fund to invest in a variety of international companies, increasing its global diversification.
Focusing on emerging market companies, the fund seeks to capitalize on the growth potential of these regions. This includes investments in a variety of sectors and industries, providing exposure to the dynamic economic developments in these countries.