OVERVIEW (as of 12/31/2009 )
 
Investment Objective:The fund seeks to provide long-term capital appreciation. Any income received is incidental to this objective.

Investment Strategy:The fund is actively managed and invests mainly in a diversified portfolio of stocks of foreign companies in countries having economies and markets considered to be developed. The fund may also invest to a lesser extent in common stocks of foreign companies located in emerging markets.

Investment Suitability:This fund may be suitable to investors who seek higher, long-term rates of return, can accept significant short-term fluctuations in account value and want to diversify their portfolio with international stocks. Foreign securities may involve additional risks, social and political instability, reduced market liquidity and currency volatility.