Fund Description

The fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. Equity securities include common stocks, depositary receipts, and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. It is generally diversified across industries, sectors, countries, and regions, but may invest a significant percentage in a single industry, sector, country, or region. It is not constrained by a particular style and may invest in growth, value, or a blend, across companies of any size. In conjunction with a team of investment research analysts, sector leaders select investments for the fund. The fund is generally managed to be sector neutral to the MSCI EAFE Index using custom categories, and uses an active bottom-up approach driven primarily by fundamental analysis, with quantitative screening tools also considered.