Fund Description

The fund seeks long-term capital growth by investing primarily in equity securities of foreign (non-U.S.) companies that the fund's investment adviser has deemed as the best opportunities across its investable universe based on competitive position or growth prospects. It is normally invested primarily in developed-market foreign stocks, but may also invest in developed markets (including the United States) and emerging markets. The strategy targets industry-leading companies in developed markets, many with a strong or growing presence in emerging markets, and may use ETFs, derivatives, and hybrid instruments to adjust exposure, seek premiums, or hedge currency risk.