Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small market capitalization companies that are economically tied to countries outside of the United States, including developed and emerging market countries. The Fund considers a company to be economically tied to a country outside of the United States if the company is included in the ?MSCI ACWI ex USA Small Cap Index or is otherwise classified by MSCI as a non-United States company. The Fund may also consider other companies to be economically tied to a country outside of the United States if the sub-advisor determines that: the companys security is primarily listed for … Show more… Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small market capitalization companies that are economically tied to countries outside of the United States, including developed and emerging market countries. The Fund considers a company to be economically tied to a country outside of the United States if the company is included in the ?MSCI ACWI ex USA Small Cap Index or is otherwise classified by MSCI as a non-United States company. The Fund may also consider other companies to be economically tied to a country outside of the United States if the sub-advisor determines that: the companys security is primarily listed for trading in a non-United States market; ? the company is headquartered in a non-United States country; or ? the company has at least half of its assets or derives at least half of its revenues outside the United States. The Fund considers small market capitalization companies to have market capitalizations within the market capitalization range of the companies in the ?MSCI ACWI ex USA Small Cap Index. The market capitalization range of the MSCI ACWI ex USA Small Cap Index was $ 138.33 million to $ 13.08 ?billion as of December 31, 2025 . ? The Fund may also hold smaller companies considered micro-capitalization companies, as well as mid-capitalization companies. The Fund invests principally in equity securities, which may include common stocks and U.S. dollar-denominated foreign stocks traded on U.S. exchanges. The Funds investments in equity securities may be denominated in foreign currencies, and the Fund may invest directly in foreign currencies. The investment process of the Funds sub-advisor is based on bottom-up analysis of companies rather than top-down country or sector allocation. The sub-advisors process is intended to add long-term value primarily through stock selection. The Fund may have significant exposure to emerging market securities and European companies, and to the Industrials sector. However, as the composition of the Funds portfolio changes over time, the Funds exposure to emerging markets ? and Europe, and to the Industrials sector, may be lower at a future date, and the Funds exposure to other countries or regions, or other market sectors, may be higher. The sub-advisor seeks to generate returns by harnessing the power of the momentum premium, which is the principle that companies that have outperformed in the recent past will continue to outperform for a period of time. The sub-advisor seeks to exploit behavioral biases around change, which cause investors to ?underreact to new information. The sub-advisor believes these underreactions to new information lead to opportunities to invest in companies with improving or accelerating financial performance that is expected to continue, otherwise known as momentum. The sub-advisors disciplined Informed Momentum approach to investing combines stock selection, tailored risk management, and efficient implementation to seek to harness the momentum premium to generate returns. The stocks of companies held by the Fund may exhibit characteristics of both value stocks and growth stocks during the time they are held by the Fund. The Fund holds approximately 100-150 investments. The Fund may also invest cash balances in other investment companies, including a government money market fund advised by the Manager, with respect to which the Manager also receives a management fee. The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. Show less