Fund Description

The fund invests primarily in equity securities of publicly traded companies worldwide, including developed and emerging markets. Under normal conditions, it expects to invest in at least three countries including the U.S. and at least 40% of net assets plus borrowings in non-U.S. companies, and may focus on particular regions or sectors. It targets above-average earnings growth using bottom-up research and six criteria, typically holding 30-50 issuers, mainly large- and mid-cap and generally avoiding market caps below $2 billion. Turnover is expected below 50%. It may invest in common and preferred stocks, depositary receipts, securities of companies located in emerging markets (up to the greater of 30% of its net assets or three times the emerging markets component of the MSCI All Country World Index), China A-Shares via Stock Connect, FX spot hedges, FX forwards, and market access products (up to 20%).