The actively managed fund invests in a broad range of equities of large-cap companies outside North America. A significant portion of the fund may be allocated to emerging market issuers. The investment approach of the sub-advisor focuses on identifying undervalued securities for long-term investment, using a bottom-up, research-driven approach that emphasizes individual companies. Multiple portfolio managers independently manage portions of the fund's assets. Environmental, social, and governance (ESG) factors that may impact the value of an issuer are considered. Although the fund does not seek short-term profits, securities are sold at the discretion of the sub-advisor. The fund may invest in other ETFs and engage in securities lending, repurchase transactions, and reverse repurchase transactions. It typically distributes net income and net realized capital gains annually in December.