Fund Description

The fund invests mainly in common stocks of companies located outside the United States that an advisor considers undervalued. These value stocks may be out of favor when investors prefer companies with strong growth prospects, and their prices may be below average relative to measures such as earnings and book value. It invests across large-, mid-, and small-capitalization companies and is expected to diversify across developed and emerging markets. The fund uses multiple advisors, each independently selecting and maintaining a portfolio of foreign equity securities.