Emerging Markets Strategy
The emerging markets strategy may invest in securities of issuers in countries with emerging economies and across all market capitalization spectrums. The portfolio is comprised of companies that we believe demonstrate sustainable growth trajectories and trade at attractive valuations. The strategy consists of 40 to 70 equity securities from the MSCI Emerging and Frontier Markets. As of December 31, 2016, the strategy’s average market capitalization was $40.3 Billion.