Description

To achieve its investment objectives, this fund primarily dedicates a minimum of 80% of its net assets, along with any borrowed capital for investment, to non-U.S. securities. It typically maintains a focused portfolio consisting of 30 to 50 holdings from various international markets, specifically excluding the United States. While normally diversified across several nations, exceptional situations could lead to nearly all capital being concentrated in a single foreign country. Additionally, the fund is permitted to allocate up to 20% of its net assets, as assessed at the time of acquisition, to companies based in the U.S.