Fund Description

The fund invests at least 80% of net assets (including borrowings) in equity securities of companies of any size, including small- and mid-cap firms. It primarily invests in common stock of companies traded on U.S. exchanges with market capitalization over $1 billion and, under normal circumstances, invests at least 35% in companies similar in size to those in the MSCI World Mid Cap Index and MSCI World Small Cap Index. Under normal circumstances, it invests at least 40% of its net assets in stocks of foreign companies drawn from at least three different countries (and at least 30% of its net assets in stocks of foreign companies if market conditions are not favorable), including via depositary receipts. The adviser uses style-agnostic active management based on fundamental, quantitative, and proprietary research, integrates ESG factors, and may sell when prospects change, valuation targets are met, or better opportunities emerge.