Multi-Manager International Equity

Fund Facts: 

Ticker: FAIEX

CUSIP: 71719T505

Annual Fund Operating Expense: 0.68%

Fund Objective: 

The fund seeks to provide long-term capital appreciation. Any income received is incidental to this objective.

Fund Strategy: 

The fund will utilize a "multi-manager" approach, allocating assets to one or more sub-advisers who act independently and in keeping with their distinct investment styles. Assets are primarily invested in equity securities and depository receipts of foreign issuers. The Fund may also seek to implement its investment strategies through investments in ETFs and other registered investment companies instead of direct investments through sub-advisers.

The investment adviser to the Multi-Manager Series, PFM Asset Management (PFMAM), consolidated its client relationships under its parent company, U.S. Bancorp Asset Management, Inc. (USBAM), on October 1, 2024. PFMAM continues to serve clients as a division of USBAM.