Industry description
The investment seeks investment results (before fees and expenses) that correspond to the total return (which includes capital appreciation and income) of a widely accepted international index (currently the MSCI EAFE® Index).
The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investments tied to the index. The Portfolio invests principally in equity securities and employs a passive management approach designed to track the performance of the index (currently the MSCI EAFE® Index).