Fund Description

The fund normally invests at least 80% of total assets in a diversified portfolio of equity securities, or derivatives providing equity exposure, of companies located outside the United States that the sub-advisers consider attractively valued. It uses proprietary quantitative analysis and a bottom-up approach not constrained by benchmark weights to select relatively inexpensive stocks based on dividends, cash flow, earnings, sales and asset measures, while emphasizing quality metrics such as profitability, stability, financial strength, structural growth and corporate governance. ESG characteristics, where available, are integrated as one factor in risk/return assessment. The fund may invest in companies of any market capitalization and across developed and emerging markets, may invest more than 25% in a single country or group, and may use futures and foreign exchange forwards for hedging, exposure, or efficient portfolio management.