The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in stocks. The sub-advisor expects to primarily invest in stocks outside the United States and to diversify broadly among developed and emerging countries throughout the world. The fund normally invests in at least five countries and may invest in companies of any market capitalization, but focuses on large-sized companies and, to a lesser extent, medium-sized companies. It may also invest in other investment companies, including exchange-traded funds.