The fund is designed to provide broad exposure to the emerging markets. It actively invests in equity securities of companies in the developing markets while considering the financial condition, industry position, economic and market conditions, growth potential, earnings estimates, and quality of management. The fund holds companies without regard to size and may also hold cash. To achieve its objective of high total investment return, it may engage in securities lending, repurchase and reverse repurchase transactions, use derivatives for hedging and non-hedging purposes, and invest in securities of underlying funds that are selected in accordance with the Funds investment strategies.