Strategy. abrdn Investments Limited (AIL or Subadviser), subadviser to the Portfolio, invests the Portfolios assets primarily in common stocks, but may also invest the Portfolios assets in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. Under normal circumstances, the Portfolio invests at least 80% of the value of its net assets in equity securities of emerging market companies. An emerging market country is any country determined by AIL to have an emerging market economy, considering factors such as the countrys credit rating, its political and economic stability and the development of its financial and capital markets. Emerging market countries can include every nation in the world except the United States, the United Kingdom, Canada, … Show more… abrdn Investments Limited (AIL or Subadviser), subadviser to the Portfolio, invests the Portfolios assets primarily in common stocks, but may also invest the Portfolios assets in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. Under normal circumstances, the Portfolio invests at least 80% of the value of its net assets in equity securities of emerging market companies. An emerging market country is any country determined by AIL to have an emerging market economy, considering factors such as the countrys credit rating, its political and economic stability and the development of its financial and capital markets. Emerging market countries can include every nation in the world except the United States, the United Kingdom, Canada, Japan, Australia, New Zealand, Israel, Hong Kong, Singapore and most countries located in Western Europe. AIL considers the following when determining whether an issuer is an emerging market company: the company is organized under the laws of, or has its principal office in an emerging market country; the company has its principal securities trading market in an emerging market country; and/or the company derives a majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in an emerging market country. At times, the Portfolio may have a significant amount of its assets invested in a country or geographic region. The Portfolio may invest in securities denominated in U.S. dollars and currencies of emerging market countries in which it is permitted to invest. The Portfolio typically has full currency exposure to those markets in which it invests. The Portfolio may invest in securities of any market capitalization, including small and mid-cap securities. In seeking to achieve the Portfolios investment objective, AIL seeks to invest in quality companies and seeks to be an active, engaged owner. AIL evaluates every company against quality criteria and builds conviction using a team-based approach and peer review process. The quality assessment covers five key factors: 1) the durability of the business model, 2) the attractiveness of the industry, 3) the strength of financials, 4) the capability of management, and 5) AILS assessment of environmental, social and governance (ESG) factors relating to the company. AIL seeks to understand what is changing in companies, industries and markets but isnt being priced into the market or is being mispriced. Through deep, fundamental research, supported by a global research presence and proprietary tools, AIL seeks to identify companies whose quality is not yet fully recognized by the market. AIL may sell a security when it perceives that a companys business direction or growth potential has changed or the companys valuations no longer offer attractive relative value. The Portfolio may invest in securities of companies of any market sector. The Portfolio does not have a strategy to focus its investments in any particular sector, but may have a significant amount of its assets invested in securities of companies of a particular sector. Show less