The investment seeks long-term capital appreciation. The Subadviser seeks to preserve and build capital over the long term through investing in a diversified portfolio of global equity securities. Under normal circumstances, the fund invests at least 40% of its net assets in investments economically tied to countries other than the U.S., and it will hold investments economically tied to a minimum of three countries other than the U.S. The adviser considers an investment to be economically tied to a country other than the U.S. if it provides investment exposure to a non-U.S. issuer.