The fund invests primarily (no less than 65% of its total assets under normal market conditions) in equity securities, including common and preferred stocks, of foreign companies that the Subadvisor believes will experience growth and benefit from sustainable competitive advantages in their markets. It may invest in companies of any size located in, or economically tied to, any country or region outside of the United States, including developed foreign and emerging markets. The fund normally invests in at least three different countries outside of the United States.