Strategy. Under normal circumstances, this Fund invests at least 80% of its assets in securities of companies with small market capitalizations. The sub-adviser generally considers a company to be a small-capitalization company if the company has a market capitalization within the range of companies included in the MSCI Europe, Australasia and Far East (EAFE) Small Cap Index or the MSCI All Country World Index (ACWI) ex USA Small Cap Index, indices which measure the performance of the small-capitalization segment of the international equity universe. The size of the companies in each index changes with market conditions and the composition of the index. As of December 31, 2024, the market capitalization range of the MSCI EAFE Small Cap Index was approximately $246.2 … Show more… Under normal circumstances, this Fund invests at least 80% of its assets in securities of companies with small market capitalizations. The sub-adviser generally considers a company to be a small-capitalization company if the company has a market capitalization within the range of companies included in the MSCI Europe, Australasia and Far East (EAFE) Small Cap Index or the MSCI All Country World Index (ACWI) ex USA Small Cap Index, indices which measure the performance of the small-capitalization segment of the international equity universe. The size of the companies in each index changes with market conditions and the composition of the index. As of December 31, 2024, the market capitalization range of the MSCI EAFE Small Cap Index was approximately $246.2 million to $29.7 billion, and the market capitalization range of the MSCI ACWI ex USA Small Cap Index was approximately $198.0 million to $29.7 billion. As of December 31, 2024, the weighted average market capitalization of the Fund was approximately $4.8 billion. Normally, the Fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets, that may be U.S. dollar or foreign currency-denominated. The Fund normally invests primarily in common stocks. The sub-adviser normally allocates the Funds investments across different countries and regions. The sub-adviser anticipates that the Fund will have a focus in and risk exposure to the largest country constituents of the MSCI ACWI ex USA Small Cap Index. These constituents may change over time. In buying and selling securities for the Fund, the sub-adviser uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions. The Fund may lend its portfolio holdings to certain financial institutions. Show less