Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, with qualifying derivatives counted toward this policy. It typically invests in at least five countries, including the U.S., and generally maintains at least 25% of net assets in securities of foreign issuers; the non-U.S. allocation varies with the adviser's outlook. Country assignments are determined using MSCI Inc. or another unaffiliated data provider. It invests predominantly in common stocks across market capitalizations, generally emphasizing large- and mid-cap companies. Using an integrated approach combining fundamental analysis and quantitative models, it targets companies expected to be mispriced based on metrics including valuation, profitability, stability, earnings quality, management capital allocation actions, and near-term appreciation indicators, and it may at times be concentrated in a single economic sector such as information technology.