The fund seeks high current dividend income and total return by investing in companies across any size outside the United States.

The sub-adviser’s 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.

The strategy seeks high current dividend income, more than 50% of which qualifies More

The fund seeks high current dividend income and total return by investing in companies across any size outside the United States.

The sub-adviser’s 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.

The strategy seeks high current dividend income, more than 50% of which qualifies for the reduced U.S. federal income tax rates for qualified dividend income.

A qualified foreign corporation is defined as any corporation that is incorporated in a possession of the United States or is eligible for the benefits of a comprehensive income tax treaty with the United States.

Next, the research team invests in the securities of certain domestic and foreign corporations.

The team focuses on dividend paying companies that are estimated to trade below their fair values relative to the market and to the securities' historic valuations.

In addition, the team considers factors such as earnings growth, cash flow, and historical payment of dividends.

According to the team, corporations that pay dividend income may also include companies that have announced a special dividend or will pay dividends within six months.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 has the flexibility to invest without limitation in the securities of foreign issuers that are publicly traded in the United States or on foreign exchanges, provided that no more than 25% of its net assets are invested in emerging markets.

According to the team, an emerging market country is any country to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets.

Emerging market countries generally include every nation in the world except the United States, Canada, Japan, Australia, New Zealand, and most countries located in Western Europe.

In order to achieve its dividend, the fund may engage in active and frequent trading which may result in higher turnover and associated transaction costs for the fund.