The investment seeks long-term growth of capital.
The advisor pursues long-term growth of capital in the fund by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies in countries represented in the S&P® Developed ex-U.S. SmallCap Index, but may also invest in companies from other countries, including emerging market countries. Under normal circumstances, at least 80% of the fund's net assets will be invested in securities of small-capitalization companies.
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell RAFI Developed ex-U.S. Small Company Index.
The fund will invest at least 90% of its net assets in stocks included in the index, including depositary receipts representing securities of the index, which may be in the form of American Depositary receipts, Global Depositary receipts and European Depositary receipts. The index measures the performance of the small company size segment by fundamental overall company scores, which are created using as the universe the companies included in the Russell Developed ex-U.S. Index.