Investment Objective:The Fund seeks to provide investment results approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE Index.
Investment Strategy:Under normal market conditions, the Fund will invest substantially all, and normally at least 80% of its total assets in equity securities included in the MSCI® EAFE Index using computer programs and statistical procedure. As a result, the sub-adviser does not use traditional methods of fund investment management for the FUnd, such as selecting securities on the basis of economic, financial and market analysis. Rather, the sub-adviser buys and sells securities in response to changes in the MSCI® EAFE Index.
Investment Suitability:This Fund may be suitable to investors who seek higher, long-term rates of return, can accept significant short-term fluctuations in account value and want to diversify their portfolio with international stocks.
Foreign and emerging market securities may involve additional risks, including social and political instability, reduced market liquidity, currency volatility, less available public information about the issuers of securities, less stringent regulatory standards and a lack of uniform accounting, auditing and financial standards. This description of risk is provided as a summary of the principal investment risks associated with this mutual fund. Refer to the Fund's prospectus for more detailed risk information.