The investment seeks long-term capital appreciation. The fund invests at least 80% of assets in securities of companies that are organized in or maintain at least 50% of their assets in, or that derive at least 50% of their revenues from, emerging market countries. It invests up to 20% of net assets in securities issued by other investment companies, including open end and closed end funds and exchange traded funds (ETFs), subject to limitations under the 1940 Act. The fund is nondiversified.