Description

This fund aims to mirror, as accurately as possible, the performance of the Morningstar Developed Markets ex-North America Target Value Index (the "Index"), after all expenses. It achieves this by investing in the stocks of the largest and most actively traded companies in developed economies, specifically excluding those in the United States and Canada. Utilizing Morningstar's proprietary research, the fund seeks to provide broad market exposure to these international value opportunities, focusing on businesses identified as "good value" based on metrics such as low price-to-earnings and low price-to-cash flow ratios. Its core investment strategy involves directly purchasing and holding the same securities that constitute the underlying Index.