The fund actively captures international stocks in emerging and developed markets excluding the US and Canada, as constituents of the Franklin ClearBridge International Growth Fund. Within this universe, the funds sub-adviser uses a fundamental research process infused with ESG factors in reviewing individual securities to assess growth potential, quality, and value. Companies believed best positioned for sustainable above-average growth are selected for the portfolio. A proprietary ESG rating system is also utilized to ensure companies are meeting the necessary ESG requirements including green product lines, ethical labour audits, and strong corporate governance. The fund may invest in derivatives for hedging and non-hedging purposes, as well as in cash, money market instruments and/or money market mutual funds in managing its risks and cash flow.