Strategy. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of European companies. The fund relies on MSCI Inc., a third-party provider of benchmark indexes and data services, or another unaffiliated data provider to determine the country assigned to a security. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. Under normal conditions, at least five countries will be represented in the funds portfolio. The fund expects to primarily invest in common stocks of companies located … Show more… The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of European companies. The fund relies on MSCI Inc., a third-party provider of benchmark indexes and data services, or another unaffiliated data provider to determine the country assigned to a security. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. Under normal conditions, at least five countries will be represented in the funds portfolio. The fund expects to primarily invest in common stocks of companies located (or with primary operations) in Europe and typically has substantial investments in the United Kingdom. The countries in which the fund normally invests include, but are not limited to, the following: ? Primary Emphasis: Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom. ? Others: Belgium, Czech Republic, Estonia, Hungary, Iceland, Kazakhstan, Poland, Romania, and Turkiye. The fund may purchase the stocks of companies of any size. While the adviser invests with an awareness of the advisers outlook for certain industries, sectors, and individual countries within the region, the advisers decision-making process focuses on bottom-up stock selection. Country allocation is driven largely by stock selection, though the adviser may limit investments in markets or industries that appear to have poor overall prospects. The fund seeks to purchase the stocks of companies with quality management and strong cash flows, and does not emphasize either a growth or value bias in selecting investments. The adviser seeks stocks that the adviser believes have the most favorable combination of company fundamentals, earnings potential, and relative valuation. In selecting investments the adviser generally favors companies with one or more of the following characteristics: ? leading or improving market position; ? attractive business niche; ? attractive or improving franchise or industry position; ? seasoned management; ? stable or improving revenues, earnings, and/or cash flow; and ? sound or improving balance sheet. At times, the fund may have a significant portion of its assets invested in the same economic sector such as the financial sector. Show less