The fund seeks capital appreciation in the long term by investing in 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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income funds.

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 may invest at least 25% of its net assets in underlying funds that invest significantly in issuers domiciled outside the United States.

Additionally, the fund will have exposure to issuers domiciled in at least three different countries.

The fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

Also, the fund may also invest in underlying funds that hold junk bonds.

The fund seeks capital appreciation in the long term by investing in 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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, More