The investment seeks long-term growth of capital. The fund invests primarily in equity securities of companies located outside the U.S., including in emerging markets. Equity securities generally entitle the holder to participate in a company's general operating results. These include common stocks and preferred stocks. It also invests in American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs), which are certificates typically issued by a bank or trust company that give their holders the right to receive securities issued by a foreign or domestic company.