Description

The fund aims for broad global diversification, deploying capital across a variety of industries in both developed economies and, to a lesser degree, emerging markets. Geographically, it typically invests in a minimum of five countries, with the United States always being one of them. Under normal operating conditions, the portfolio primarily consists of equities, with at least 80% of its total net assets (including any borrowed funds for investment purposes) allocated to stocks. A significant international component is maintained, as a minimum of 40% of the fund's net assets are invested in shares of companies located outside the U.S.