The fund seeks to maximize 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.

Next, the research team invests in stocks of U.S. and foreign companies, which are located in either d More

The fund seeks to maximize 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.

Next, the research team invests in stocks of U.S. and foreign companies, which are located in either developed countries or emerging market countries.

Emerging market countries include certain countries located in Latin America, Asia, Africa, the Middle East, and developing countries of Europe, primarily Eastern Europe.

The research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

The team looks to capitalize on pricing anomalies in markets.

In selecting securities for the portfolio, the team employs both a positive and negative screening process.

The negative screening process will exclude from the fund’s portfolio securities with more than 5% of sales in industries such as alcohol, tobacco, defense, nuclear, Genetically Modified Organisms, water bottles, gambling and pornography.

The positive screening process identifies securities of companies that are fundamentally attractive with superior valuation characteristics.

In addition, the positive screening process also includes evaluating material, fundamental sustainability factors such as environmental, social, and governance performance of companies.

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 invests its assets in investments that are tied economically to a number of countries throughout the world, including the United States.

An investment will be deemed to be tied economically to a particular country, including the United States, if its issuer is organized in the particular country, has its principal place of business in such country, or generates more than 50% of its revenues from business in that country.

The fund also may invest in currency futures and forward foreign currency exchange contracts, which are derivatives, in order to hedge against international currency exposure.