The fund seeks capital appreciation in the long term by investing in large-size companies with the potential for high future earnings growth 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 significantly in equity securities or other instruments with similar economic characteristics of U.S. companies with large market capitalizations that meet its financial and environmental, social and governance (ESG) criteria.

The team focuses on high-quality companies with durable competitive advantages as evidenced by high returns on capital, superior balance sheets, and capable management teams that allocate capital in an efficient manner.

In addition, the team selects securities of companies that are category leaders having the potential to grow market share consistently.

The team also seeks to identify social or economic trends that will have an impact on the economy as a whole to support multi-year investment opportunities.

Additionally, the team favors companies with self-funding business models with significant recurring revenue and businesses and the ability to generate superior free cash flow over time.

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.

In addition, the fund will also consider emerging companies with promising future prospects that may not yet have demonstrated substantial profitability.

The fund may also invest in companies that are making substantial progress toward becoming a leader in ESG policies.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, 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 the component securities of the Index.

The Index is typically comprised of 50% domestic securities, 40% in developed foreign securities, and 10% in emerging market securities.

The team invests into inspiring, biblically aligned large companies from both the U.S. and around the world.

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 will invest at least 40% of its net assets in securities of companies in at least 3 countries outside the U.S.

Also, the fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, 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.

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

Next, the research team invests significantly in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index.

The Underlying Index is designed to measure the performance of the stocks of approximately 100 large-capitalization global companies. 
The team utilizes a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index.

Also, the team evaluates companies based on factors such as market capitalization and industry weightings.

In addition, the team also assesses a company’s return variability and yield, and liquidity 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 or may not hold all of the securities in the Underlying Index.

The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index.

The fund may lend securities representing up to one-third of the value of its net assets.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, 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 the securities comprising the Index.

The Index is made up of approximately 150 companies from around the world, and has been designed to cover both developed and emerging countries.

The companies are selected not just based on size and reputation, but also on their importance in the global economy.

The research team employs a sampling strategy, which means that the fund will hold a portfolio of securities with generally the same risk and return characteristics of the Index.

Or, 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.

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.

Also, the fund’s assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries.

In addition, the fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds.

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.