Strategy. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of the funds net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities (including American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and European Depository Receipts (EDRs)) of companies that are located and/or conduct substantial business activities in emerging markets, including frontier markets. The funds sub-adviser, Thompson, Siegel & Walmsley LLC (the sub-adviser) considers emerging market countries to be those countries included in the MSCI Emerging Markets Index, the funds benchmark, or the MSCI Frontier Markets Index. The fund will normally invest primarily in emerging market companies that the sub-adviser believes have above-average potential for capital appreciation based on … Show more… Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of the funds net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities (including American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and European Depository Receipts (EDRs)) of companies that are located and/or conduct substantial business activities in emerging markets, including frontier markets. The funds sub-adviser, Thompson, Siegel & Walmsley LLC (the sub-adviser) considers emerging market countries to be those countries included in the MSCI Emerging Markets Index, the funds benchmark, or the MSCI Frontier Markets Index. The fund will normally invest primarily in emerging market companies that the sub-adviser believes have above-average potential for capital appreciation based on its fundamental research and analysis. The sub-adviser employs a relative value process utilizing a combination of quantitative and qualitative methods based on a four-factor valuation screen. The sub-adviser strives to identify companies whose shares are underpriced relative to their intrinsic value. The fund is managed with reference to the MSCI Emerging Markets Index as to country allocation, which may change over time, but the fund is not benchmark constrained. The sub-adviser intends, under normal circumstances, to have approximately 40-80 equity securities in the funds portfolio. Pursuant to a value investing philosophy, the sub-adviser seeks to invest in securities that the sub-adviser believes provide a discount or margin of safety between a securitys price and what the sub-adviser believes to be the true value of the underlying business (which is sometimes referred to as intrinsic value). To first narrow the funds investment universe, the sub-adviser uses quantitative screening tools linked to a variety of relative value assessments (including cash flow, earnings and share price). Next, the sub-adviser combines fundamental research and qualitative analysis to make individual security selections. Within the investment universe, the sub-adviser seeks to invest in companies identified as having attractive risk-reward profiles. The sub-adviser considers these to be companies that it identifies as being both undervalued and having attractive fundamentals (such as revenues, earnings, or management). The sub-adviser also analyzes country-specific factors such as geopolitical risk and its potential impact on expected returns. The sub-adviser may invest in securities that are convertible into securities of foreign issuers. The sub-adviser will generally invest in small, medium and large capitalization companies. The sub-adviser may invest in unaffiliated investment companies, including exchange-traded funds (ETFs), and may also invest a portion of its assets in real estate investment trusts (REITs). The fund may invest a significant portion of its assets in investments located in or operating in one country or a small number of countries. The funds benchmark index currently includes substantial exposure to China, including China A-shares. Show less