Fund Description

The fund normally invests at least 80% of net assets (plus any borrowings for investment purposes) in Asian companies excluding Japan, with country assignments determined by MSCI Inc. or another unaffiliated data provider; qualifying derivatives may count toward this policy. It primarily invests in common stocks of companies located in, or with primary operations in, Asian countries other than Japan, typically with substantial investments in China. The countries in which the fund normally invests include, but are not limited to, China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand, and may also include Pakistan, Sri Lanka, and Vietnam. The fund is nondiversified and may at times have significant exposure to a single sector. The adviser uses bottom-up, growth-oriented selection supported by fundamental research, seeking high-quality companies with above-average long-term earnings growth at reasonable valuations.