Fund Description

The fund invests, under normal circumstances, at least 80% of net assets (including borrowings) in a diversified portfolio of equity and equity-related securities of U.S. and non-U.S. companies of any market capitalization. It invests significantly in non-U.S. companies and allocates across regions and countries, including the United States, in no less than three countries, primarily in developed markets but also emerging markets. It targets issuers viewed as undervalued with catalysts for change using bottom-up fundamental and quantitative analysis, and may use derivatives, invest in IPOs, lend securities, and hold illiquid investments up to 15%; it may temporarily hold cash and U.S. dollar money market instruments defensively.