Investment approach The fund is managed by Wellington Management who oversees the investment decision making process and country allocation. The managers focus on those companies and industries that enjoy above-average sales, earnings, and/or cash flow growth which the market may not have fully anticipated. The team uses the output of global industry analysts to drive the bottom-up stock selection that drives portfolio decisions. Fund profile The fund invests primarily in a moderately concentrated portfolio of the common stock companies which are domiciled in or exercise the predominant part of their economic activity in Europe, as defined by their inclusion in the MSCI Europe Index. The fund may purchase the securities of companies of any market capitalization and may invest up to 20% of its net assets in securities of companies that are established or operating in countries that are considered outside Europe, which may include both developed and less-developed countries.