The fund seeks current income and capital appreciation in the long term 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.

Next, the research team invests in income-producing debt and equity securities of foreign and domestic issuers, including the securities of foreign and domestic corporate and government entities.

In selecting securities for the portfolio, the research team focuses on companies with attractive yield characteristics.

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 up to 20% of its net assets in foreign and domestic equities, exchange-traded funds, exchange-traded notes, and/or in option strategies.

The fund may also use options on indices.

Additionally, the types of debt securities in which the fund invests include corporate debt securities, U.S. Government securities, debt securities of foreign issuers, sovereign debt securities, U.S. government agency securities, high-yield bonds, mortgage-backed securities, ETFs, ETNs, and variable and floating rate securities.

The types of equity securities in which the fund invests include common stocks, preferred stocks, rights, warrants, convertibles, real estate investment trusts and master limited partnerships.

From time to time, the fund may invest in and hold a significant percentage of its net assets in cash or cash equivalents.

Also, the fund may invest without limitation in securities of foreign issuers, and up to 50% of its net assets in the securities of issuers located in emerging markets.

The fund seeks capital appreciation in the long term and current income 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.

Next, the research team invests in domestic and foreign companies that demonstrate attractive prospects for growth in a company’s intrinsic value.

In selecting securities for the portfolio, the research team focuses on companies with attractive financial stability characteristics.

Dividend payments may be considered as part of the evaluation 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 may invest up to 50% of its net assets in the securities of issuers in emerging markets, and up to 20% of its net assets in high-yield bonds.

Additionally, the fund may also invest in other investment companies, including other ETFs.

The types of equity securities in which the fund will generally invest include common stocks, preferred stocks, rights, warrants, convertibles, exchange-traded funds, real estate investment trusts and master limited partnerships.

The types of debt securities in which the fund will generally invest include fixed, floating, and variable rate corporate debt securities, U.S. Government securities, debt securities of foreign issuers, sovereign debt securities, U.S. Government agency securities, high-yield bonds, ETFs, and exchange-traded notes.

From time to time, the fund may invest in and hold a significant percentage of its net assets in cash or cash equivalents.

The fund seeks capital appreciation in the long term and current income 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.

Next, the research team invests in domestic and foreign companies that demonstrate attractive prospects for growth in a company’s intrinsic value.

In selecting securities for the portfolio, the research team focuses on companies with attractive value characteristics.

Dividend payments may be considered as part of the evaluation 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 may invest up to 50% of its net assets in the securities of issuers in emerging markets, and up to 20% of its net assets in high-yield bonds.

Additionally, the fund may also invest in other investment companies, including other ETFs.

The equity securities in which the fund will generally invest include common stocks, preferred stocks, rights, warrants, convertibles, exchange-traded funds, real estate investment trusts and master limited partnerships.

The debt securities in which the fund will generally invest include fixed, floating, and variable rate corporate debt securities, U.S. Government securities, debt securities of foreign issuers, sovereign debt securities, U.S. Government agency securities, high-yield bonds, ETFs, and exchange-traded notes.

From time to time, the fund may invest in and hold a significant percentage of its net assets in cash or cash equivalents.

The fund seeks capital appreciation in the long term and current income 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.

Next, the research team invests in domestic and foreign companies that demonstrate attractive prospects for growth in a company’s intrinsic value.

In selecting securities for the portfolio, the research team focuses on companies with attractive yield characteristics.

The consistency of dividend payments is generally considered as part of the evaluation 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 may invest up to 50% of its net assets in the securities of issuers in emerging markets, and up to 20% of its net assets in high-yield bonds.

Additionally, the fund may also invest in other investment companies, including other ETFs.

The equity securities in which the fund will generally invest include common stocks, preferred stocks, rights, warrants, convertibles, exchange-traded funds, real estate investment trusts and master limited partnerships.

The debt securities in which the fund will generally invest include fixed, floating, and variable rate corporate debt securities, U.S. Government securities, debt securities of foreign issuers, sovereign debt securities, U.S. Government agency securities, high-yield bonds, ETFs, and exchange-traded notes.

From time to time, the fund may invest in and hold a significant percentage of its net assets in cash or cash equivalents.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in large-and mega-size companies in 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.

As part of its strategy, the fund employs a passive management or indexing approach.

Next, the research team invests significantly in the securities of the Underlying Index.

The Underlying Index is designed to select securities from the Solactive US Broad Market Index (the Parent Index) that exhibit certain yield and fundamental value characteristics.

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 seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Additionally, the fund concentrates its investments in a particular industry or sector or group of industries or sectors to approximately the same extent that the Underlying Index is concentrated.