Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of companies in emerging markets, as determined by MSCI Inc. or another unaffiliated data provider. Frontier markets are treated as a subset of emerging markets and count toward the 80% policy; certain derivatives providing relevant exposure may also count. It primarily buys common stocks of companies located or with primary operations in emerging markets across Asia, Latin America, Europe, Africa, and the Middle East, and may at times invest significantly in Asia, specifically China. The approach emphasizes bottom-up, growth-oriented stock selection, investing in companies of any size and potentially concentrating in a sector such as information technology.