The investment seeks long-term capital appreciation.
The fund seeks to achieve its investment objective by investing primarily in established and emerging franchise companies located throughout the world, with capitalizations within the range of companies included in the MSCI All Country World Index. It may invest up to 100% of the fund's net assets in foreign securities, which may include emerging market securities. Under normal market conditions, the fund typically invests at least 40% of its assets in the securities of issuers located outside of the United States. It is non-diversified.