| NASDAQ Exchange | United States Country |
The fund operates with a passive management approach, aiming to emulate the performance of the MSCI EAFE® Index, adjusting only for the fund's operating expenses. This strategy primarily focuses on investing in equity securities of large- and mid-cap companies across Europe, Australia, and Asia, including the Far East. By maintaining at least 80% of its net assets in a selected assortment of equity securities from the MSCI EAFE® Index, the fund strives to offer its investors a direct pathway to international market exposure, adhering closely to the index's performance dynamics.
This method relies on replicating the performance of the MSCI EAFE® Index before deducting fund expenses. It is designed for investors seeking exposure to international markets without the active management fees. By mirroring the index, the fund offers a straightforward investment strategy, emphasizing efficient market theories.
Investors gain access to a broad range of equity securities from companies located in Europe, Australia, and Asia (including the Far East). The MSCI EAFE® Index is renowned for its comprehensive representation of large- and mid-cap companies in developed markets outside of North America, providing a diversified investment opportunity in some of the world's leading economies.
The fund utilizes a statistically selected sampling strategy to invest in equity securities included in the MSCI EAFE® Index. This approach allows for a representative cross-section of the index, helping to manage costs and improve fund efficiency. By investing in a sampling of the index's components, the fund can closely track the overall index performance while maintaining flexibility in its portfolio composition.