Fund Description

The fund invests mainly in common stocks of issuers in developing and emerging markets worldwide and may invest up to 100% of total assets in foreign securities. It invests at least 80% of net assets plus borrowings in equity securities of issuers whose principal activities are in, or economically tied to, developing markets, including derivatives and other instruments with similar economic characteristics. It targets companies believed to have above-average earnings growth using company-by-company fundamental analysis and may consider material ESG factors. It may access eligible China A Shares via Stock Connect directly or through an investment in a private investment vehicle organized under Delaware law (the "Private Fund"). It may use derivatives, and invest in illiquid or restricted securities, and may invest in common and preferred stocks and debt securities of U.S. companies, and may hold U.S. corporate and government debt securities for defensive and liquidity purposes.