Investment Objective
A multi-manager Fund seeking long-term capital appreciation primarily through investments in equity securities of issuers based outside the U.S.
Key Points
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Primary emphasis on undervalued securities with above-average earnings growth expectations in developed countries.
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Bottom-up, value-driven process identifies stocks of companies with below-average price-to-earnings or price-to-cash flow ratios, below-average price-to-book value ratios, above-average dividend yields, and above-average return on equity or earnings growth potential.
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The sub-advisors select securities based on a country’s economic outlook, market valuation and potential changes in currency exchange rates.
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The Fund seeks to achieve its objective primarily through investment in countries comprising the Morgan Stanley Capital International Europe Australasia Far East Index (MSCI EAFE).
Sub-Advisors (%)
| Causeway Capital Management LLC |
33.7
|
| Lazard Asset Management LLC |
33.3
|
| Templeton Investment Counsel, LLC |
33.0
|