Fund Description

The fund primarily invests in common stocks of companies located outside the United States that are identified as undervalued by its advisors. These investments focus on value stocks, which typically lag in popularity during periods when growth-oriented companies attract more investor interest. Value stocks often trade at prices that are below average compared to metrics like earnings and book value. The fund encompasses investments in large-, mid-, and small-capitalization companies while diversifying its assets across both developed and emerging markets. It employs multiple investment advisors, each of whom independently selects and manages a portfolio of equity securities of foreign companies for the fund.