| NASDAQ Exchange | US Country |
The fund is an investment vehicle targeting opportunities within emerging and frontier markets. By committing at least 80% of its assets to equity and equity-related securities from these regions, the fund aims to leverage the growth potential inherent in these markets. These investments include, but are not limited to, common stocks, preferred stocks, and depositary receipts. Designed for investors seeking exposure to emerging and frontier economies, the fund operates with a non-diversified status, potentially increasing its exposure to volatility and risk but also offering the possibility of higher returns. The fund's strategy emphasizes investing in a mix of equity securities to capitalize on the dynamics of developing markets. As these markets can offer significant growth opportunities, the fund positions itself to benefit from the economic advancements and increased market valuations that these regions might experience. However, such investments also bring increased risks due to potential political, economic, and currency instabilities inherent in emerging and frontier markets.
The cornerstone of the fund's investment strategy is its focus on equity and equity-related securities issued by companies operating within emerging and frontier markets. This includes a wide range of investment vehicles such as common stock, which represents ownership in a company and entitles the holder to voting rights and dividends; preferred stock, which typically offers no voting rights but has a higher claim on assets and earnings; and depositary receipts, a type of financial security that represents a stock in a foreign company. These instruments are selected to provide investors with a balanced exposure to the growth potential and the risks associated with emerging and frontier economies.