| NASDAQ Exchange | United States Country |
This fund primarily focuses on investing in equity securities of companies located in emerging or frontier markets, explicitly excluding those based in China. It targets investing at least 80% of its net assets, which includes amounts borrowed for investment purposes, in such securities. The fund has the flexibility to invest in companies across various sizes and insists on diversifying its investments across at least three different countries. Despite this diversification principle, there might be instances where significant portions of the fund’s assets are concentrated in securities of companies from a single country or a few countries or regions. This approach allows the fund to adapt to changing market conditions and opportunities within the vast landscape of emerging and frontier markets, excluding China.
This is the primary service offered by the fund, dedicating at least 80% of its net assets to invest in equity securities of companies operating in emerging or frontier markets. This excludes any investments in companies based in China, sharpening the fund’s focus on a broad but specific subset of global markets. By targeting these regions, the fund seeks to leverage the potential for high growth rates and returns that these markets can offer compared to more developed economies.
Understanding the diversity within emerging and frontier markets, the fund does not limit its investments to companies of a specific size. This strategy allows it to tap into the potential of large, established companies as well as the dynamic growth of smaller, perhaps more volatile, entities. This variation in company size within the fund's portfolio aims to balance potential rewards with the inherent risks of investing in these markets.
While the fund prioritizes investments in at least three different countries to ensure a diversified portfolio, it remains flexible in its allocations. There may be periods where a considerable portion of the fund's assets are concentrated in securities of companies domiciled in one or a few countries or regions. This strategic concentration can be seen as an attempt to capitalize on specific regional economic conditions or investment opportunities that present themselves within the emerging and frontier markets.