Fund Description

The fund invests at least 80% of its assets in equity securities of companies whose principal business activities are located in emerging market countries. It invests primarily in equity securities, principally common stocks, of non-U.S. companies in emerging market countries that the investment manager believes are undervalued based on earnings, cash flow or asset values. Equity holdings may also include ADRs, Global Depositary Receipts and European Depositary Receipts. Emerging market countries include those represented by the MSCI Emerging Markets Index. Strategy implementation may at times result in a significant portion of assets in a particular market sector.