The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of issuers in emerging markets countries. It invests primarily in equity securities, including common and preferred stock, and depositary receipts. The fund invests primarily in the securities of large-capitalization issuers and may invest a significant amount of its net assets in the securities of small- and mid-capitalization companies. It is non-diversified.