The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities in emerging markets around the world.

The team invests a significant portion of the fund’s net assets in securities of companies that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries.

Also, the team selects emerging market countries on the basis of factors such as economic fundamentals, legal structure, and political developments.

The team focuses on companies with potential for growth at a reasonable price.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates the durability of a company's growth drivers.

In addition, the team favors companies that are reasonably-priced exhibiting superior structural growth potential.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund’s holdings may include issues denominated in currencies of emerging market countries, investment companies (like country funds) that invest in emerging market countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities.

The fund may invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds.

The fund may also invest in money market funds.
 

The fund seeks primarily capital appreciation in the long term and secondarily income by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of global resource companies and instruments that derive their value from global resources.

Global resources include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities.

A global resource company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to global resources.

The team favors companies that represent value opportunities and/or that have growth potential.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund concentrates its investments in the securities of global resource companies and instruments that derive their value from global resources.

However, the fund may invest without limitation in any one global resources sector.

The fund may invest in securities of companies located anywhere in the world, including the U.S.

Also, the fund will invest in securities of issuers from a number of different countries, and may invest any amount of its assets in emerging markets.

The fund may utilize derivative instruments, such as structured notes, warrants, currency forwards, futures contracts, options and swap agreements, to gain or hedge exposure to global resources, global resource companies and other assets.

Additionally, the fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds.

The fund seeks capital appreciation in the long term and current income by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion.

A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold.

The team favors companies that represent value opportunities and/or that have growth potential within their market niche.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund invests 25% or more of its net assets in the gold-mining industry.

In addition, the fund may invest up to 25% of its net assets in gold and silver coins, gold, silver, platinum and palladium bullion and exchange-traded funds.

Also, the fund invests in securities of companies with economic ties to countries throughout the world, including the U.S.

However, the fund will invest in securities of issuers from a number of different countries, which may include emerging market countries.

The fund may invest in non-U.S. dollar denominated securities.

Also, the fund is considered to be non-diversified which means that it may invest a larger portion of its assets in a single issuer.

The fund may gain exposure to gold bullion and other metals by investing up to 25% of its net assets in a wholly owned subsidiary of the fund (the Subsidiary). The Subsidiary primarily invests in gold bullion, gold futures and other instruments that provide direct or indirect exposure to gold, including ETFs, and also may invest in silver, platinum and palladium bullion and futures.

In addition, the fund may use derivative instruments, such as structured notes, futures, options, warrants, currency forwards and swap agreements, to gain or hedge exposure.

The fund may invest up to 20% of its net assets in securities issued by other investment companies, including ETFs.

Also, the fund has the flexibility to invest in money market funds.