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The fund is designed for investors seeking exposure to a diverse range of non-U.S. domiciled companies, including those operating within developed, emerging, and frontier markets. By allocating at least 75% of its net assets to equity securities and depositary receipts of these companies, the fund aims to provide a broad investment reach. Its strategy involves a global approach, investing in different regions and requiring a presence in at least three countries to ensure diversification.
The fund invests primarily in equity securities, such as common stocks, of companies that are based outside of the United States. This includes a wide array of sectors and industries, offering investors a chance to partake in the potential growth of these international entities.
Another major component of the fund's investments is in depositary receipts, such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), which represent the stocks of non-U.S. companies. This allows for easier trading and investment in foreign companies through U.S. exchanges and others, broadening the accessibility to these markets for investors.
The fund doesn't limit itself to just developed nations but also ventures into emerging and frontier markets. This strategy enables exposure to a wider spectrum of economic development stages, from well-established markets to those in their nascent stages, potentially capturing growth across the global economy.