
Seeks long-term capital appreciation by investing primarily in equity securities of companies that conduct their principal business activities in emerging markets, are organized under the laws of or maintain their principal place of business in emerging markets, or whose securities are traded principally on exchanges in emerging markets.
Vera M. Trojan, CFA
Investment Team:
Wellington Management Company, LLP
As of September 30, 2008
Inception May 28, 1996
Total Net Assets $91 million
Number of Holdings 97
As of September 30, 2008
As of September 30, 2008
As of September 30, 2008
As of September 30, 2008
As of September 30, 2008
| 1 Year % |
3 Year % |
5 Year % |
Since Inception % |
||||
| CLASS A without sales charges | (30.75) | 9.09 | 18.44 | 11.58 | |||
| CLASS A with sales charges | (34.74) | 6.96 | 17.04 | 10.92 | |||
GROWTH of $10,000
(Class A Without Sales Charges: 5/28/96 - 9/30/08)
The chart does not reflect the performance of Class B, C, or R shares, which would differ due to different sales
charges, fees and expenses. See Important Performance Information below.
CALENDAR YEAR TOTAL RETURNS
As of September 30, 2008
Performance does not reflect the effect of sales charges. If such charges were included, performance would be lower. The graph does not reflect the performance of Class B, C, or R shares, which would differ due to different sales charges, fees and expenses. Return figures reflect any change in price per share, and assume the reinvestment of dividends and capital gains, if any. See Important Performance Information below.
(Expenses that are deducted from Fund assets)
| (As of percent of Net Assets) | Class A Shares |
Class B/C Shares |
Class R Shares |
||
| Total Gross Operating Expenses | 2.45% | 3.20% | 2.70% | ||
| Less: Contractual Fee Waiver/Expense Reimbursement2 | 0.10 | 0.10 | 0.10 | ||
| Net Operating Expenses (after Fee Waiver/Expense Reimbursement) | 2.35 | 3.10 | 2.60 | ||
2Through at least February 28, 2009, Seligman has contractually agreed to waive its management fee and/or to reimburse the Funds expenses to the extent that the Funds other expenses (i.e., those expenses other than management fees, 12b-1 fees, interest on borrowings, and extraordinary expenses, including litigation expenses) exceed 0.85% per annum of the Funds average daily net assets. Other fee waiver/reimbursement arrangements were in effect prior to this arrangement. Absent such management fee waivers/expense reimbursements, the Funds returns would have been lower. |
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Prior to March 31, 2000, Seligman employed subadvisors that were responsible for providing certain portfolio management services with respect to the investments of the Fund. From March 31, 2000, until September 15, 2003, the assets of the Fund were managed exclusively by J. & W. Seligman & Co. Incorporated. Beginning September 15, 2003, Wellington Management Company, LLP has acted as subadvisor to provide portfolio management services for the Fund.



Vera M. Trojan, CFA