Fund Description

Incepted in November 1993, the fund is managed by J.P. Morgan Investment Management, Inc. The fund seeks to provide high total return from a portfolio of equity securities from emerging markets issuers. Under normal circumstances, the fund invests at least 80% of its assets in investments of emerging markets. Emerging markets include most countries in the world except Australia, Canada, Japan, New Zealand, the United Kingdom, the U.S., and most of the countries of western Europe. The fund primarily invests in equities. The fund minimizes emerging market risks through stock selection, country allocation and currency management. The fund has employed an emerging market analyst network to seek the most promising investment opportunities. The management forecasts company earnings to help determine a stock's long-term potential. The fund distributes dividends and net capital gains, if any, annually.