The fund seeks 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 focuses on securities and depositary receipts of foreign issuers. More

The fund seeks 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 focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that are trading at attractive valuations relative to their intrinsic value.

When evaluating a company’s intrinsic value, the team reviews a company’s financial information, competitive position relative to peers and its future prospects.

The team may also meet with the company’s management team and looks to purchase stocks that are trading at a discount to their intrinsic value.

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 manager invests across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest in emerging markets countries up to 10% more or less than the amount of exposure to emerging markets countries in the benchmark index.

Also, the fund has the flexibility to invest across all market capitalizations, including small- and mid-capitalization issuers.

Furthermore, the fund is non-diversified, which means it can invest a greater percentage of its net assets in a small group of issuers or any one issuer than a diversified fund can.