| Investment Objective: |
The Fund seeks to provide total return from long-term capital growth. The Fund will invest predominantly in equity securities of foreign companies, particularly those of issuers in foreign developed markets. Developed markets include Australia, Israel, Japan, New Zealand, Singapore, the United Kingdom, most of the countries of Western Europe and Hong Kong. Although the Fund may invest in securities of any capitalization, it will invest predominantly in the securities of large and mid capitalization companies. The equity securities in which the Fund invests include, but are not limited to, common stock and depositary receipts. The Fund may invest in securities denominated in U.S. dollars, other major reserve currencies, such as the euro, yen and pound sterling, and currencies of other countries in which it can invest. The adviser may also increase or decrease the emphasis on a type of security, sector, country or currency, based on its analysis of a variety of economic factors, including fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends. |
