Fund Description

The fund invests primarily in stocks of companies located outside the United States, including common and preferred stock, convertible securities and other instruments. It invests at least 75% of total assets in global equity securities of any market capitalization selected for above-average return potential, focusing mainly on medium and large capitalization companies in developed Europe and the Far East and in emerging markets worldwide. Up to 25% may be in global fixed income, including corporate, U.S. and non-U.S. government and supranational debt, asset- and mortgage-backed, emerging market, and high yield securities. The process combines stock-specific analysis and top-down economic research, with country allocations based on evaluation of individual companies, and may use derivatives.