Description

Under typical conditions, this fund dedicates a substantial portion—at least 80%—of its total capital (which includes both net assets and any borrowed funds) to acquiring financial instruments issued by entities based in emerging economies. These developing regions are identified according to the classifications provided by authoritative bodies like MSCI, the International Monetary Fund (IMF), or the World Bank, covering areas designated as Emerging Market, Frontier, or Developing. Its primary holdings are ordinary shares of corporations that its investment management team believes possess the capacity for significant, enduring appreciation in market price.