Fund Description

The fund invests at least 80% of net assets (plus borrowings) in equity securities of companies domiciled in or deriving most economic activity from Europe (as defined by MSCI Europe Index countries), based on factors such as country of organization, primary trading market, asset location, or where at least half of revenue or profits are derived. It may invest in companies of any market cap and in common and preferred stock, equity equivalents, options and futures, convertibles, other investment companies, ADRs/GDRs, REITs, IPOs, and ETFs, and may invest up to 20% outside Europe, including less developed and emerging markets. It may use options, futures, currency forwards, swaps, and participatory notes for investment and risk management, and, in response to adverse market, economic, political, or other conditions, may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.