The Emerging Markets Fund is an actively managed fund primarily investing in shares of companies located in emerging market countries, as defined by the International Monetary Fund. While the investment adviser has the discretion to determine eligible countries, emerging markets typically exhibit progress toward financial market development, including the presence of stock exchanges and regulatory bodies. At least 80% of the Fund’s assets are typically invested in such companies, spanning various economic sectors and industries. The Fund seeks a diversified portfolio of large, mid-size, and small companies, aiming to capture both growth opportunities and undervalued assets. While the Fund is somewhat constrained by the FTSE Emerging Index in terms of sector and country exposure, it is not bound to track the Index, allowing for investments beyond its components. The Fund generally maintains full investment, holding minimal cash, except in exceptional market or political conditions where temporary deviations from this policy may occur.