Strategy. The Fund seeks to track the total return of the securities composing the MSCI EAFE Index (the Index), taking into consideration redemptions, sales of additional shares, and other adjustments described below. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in stocks represented in the MSCI EAFE Index. The Index is a widely accepted benchmark of international stock performance that emphasizes the stocks of companies in major markets in Europe, Australia and Asia (including the Far East). As of December 31, 2024, the market capitalization of the Index companies ranged from $3.2 billion to $384.9 billion with a weighted average market capitalization of $91.2 billion. Market capitalizations of companies … Show more… The Fund seeks to track the total return of the securities composing the MSCI EAFE Index (the Index), taking into consideration redemptions, sales of additional shares, and other adjustments described below. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in stocks represented in the MSCI EAFE Index. The Index is a widely accepted benchmark of international stock performance that emphasizes the stocks of companies in major markets in Europe, Australia and Asia (including the Far East). As of December 31, 2024, the market capitalization of the Index companies ranged from $3.2 billion to $384.9 billion with a weighted average market capitalization of $91.2 billion. Market capitalizations of companies within the Index are subject to change. The Index is capitalization-weighted, meaning that companies with larger market capitalizations will contribute more to the Indexs value than companies with smaller market capitalizations. The Index is reviewed and rebalanced quarterly, in February, May, August and November by MSCI. The Fund mirrors the Indexs rebalancing process. The Fund is not sponsored, endorsed, sold or promoted by MSCI Inc. The Fund will invest primarily in common stocks of the companies that compose the Index. While not required, the Fund generally will sell securities that the Index provider removes from the Index. Derivatives such as options and futures, and options on such futures that provide exposure to securities in the Index may be held by the Fund incidental to its main investment strategy in order to manage cash balances, to maintain liquidity to meet shareholder redemptions, or minimize trading costs. The Fund may enter into foreign currency derivatives (including forward currency contracts and currency futures contracts) to hedge foreign currency exposure. The Fund may invest in American Depositary Receipts (ADRs), which are either sponsored or unsponsored. The Fund may also lend its securities. The Fund uses a replication index method, investing in the common stock of each company in the Index in approximately the same proportion as represented in the Index itself. To the extent that the Fund is not of sufficient size to fully replicate the Index, as determined by the investment adviser, the investment adviser expects to use the replication index method with respect to larger market capitalization companies in the Index and a sampling method with respect to smaller market capitalization companies in the Index. Using the sampling methodology, the investment adviser would select a sampling of the smaller market capitalization companies in the Index that match the industry and risk characteristics of all such companies in the Index. This approach attempts to maximize liquidity while minimizing costs. Show less