Fund Description

The fund invests at least 65% of net assets in equity securities of foreign issuers, including non-dollar securities and emerging market issuers. Its sub-adviser applies a contrarian, fundamentally driven process to identify stocks it believes are undervalued due to low relative price, low valuation and/or low market expectations, often in temporarily out-of-favor, under-researched industries and in companies viewed as overlooked or misunderstood but with viable, growing businesses and solid financial strength. It may invest across sectors and countries without limits, in any market cap, and up to 25% in emerging markets. It may use futures and foreign exchange forwards for hedging, exposure, or to equitize cash.