Under normal circumstances, the fund invests at least 80% of its assets (plus the amount of borrowings, if any, for investment purposes) in equity securities. The Advisor expects to invest at least 40% of its assets in non-U.S. securities. The “equity securities” in which the fund invests include common stocks, depositary receipts, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks.
