The investment seeks total return over the long term.
Under normal conditions, the fund invests at least 80% of its total assets in global equity instruments and related derivative instruments issued by, or tied economically to, companies in emerging markets. It may invest in securities of issuers of any market capitalization and in securities denominated in either U.S. dollars or foreign currencies. The fund pursues its investment objective by taking both long and short positions in a variety of global equity instruments. It may invest up to 20% of its assets in equity instruments issued by or based on companies located outside of emerging markets.