Description

The fund's core strategy involves acquiring equity in companies situated beyond U.S. borders. While the majority of these enterprises operate within mature economies like Japan, Germany, and France, it retains the flexibility to also allocate capital to countries with evolving economic landscapes. A significant commitment dictates that a minimum of 80% of its net assets (plus any capital borrowed for investment purposes) must be channeled into foreign securities. Relevant derivative holdings are incorporated into this 80% allocation, and their valuation for this specific purpose is based on their book price.