The fund primarily invests in stocks and equivalent depositary receipts from companies listed on exchanges located in numerous global markets. These include Australia, Brazil, Canada, Hong Kong, Israel, Japan, Mexico, New Zealand, South Korea, Singapore, Switzerland, the United Kingdom, the United States, and all member countries of the European Union. A substantial majority, specifically at least 80% of the fund's net assets—plus any borrowed funds for investment—will be allocated to businesses within the airline, hotel, or cruise line sectors.