Description

The primary objective of this investment vehicle is to achieve capital appreciation. Typically, the fund allocates at least 80% of its total assets to stocks or equity-related securities issued by smaller companies located in developing economies. The subadviser defines small-capitalization firms as those possessing a market value below $8 billion at the time of initial purchase. For this fund's purposes, emerging market countries generally encompass all nations globally, with the exclusion of the United States, Canada, Japan, Australia, New Zealand, and the majority of Western European states. Notably, this fund operates as a non-diversified portfolio.