The fund seeks to invest in emerging markets based on Islamic principles and environmental, social and governance standards.

The investment process eliminates companies engaged in weapons manufacturing, tobacco, alcohol, gambling and fossil fuel extraction. Then with the additional criteria of Islamic principles, the list is narrowed.

Portfolio is diversified across 30 emerging markets in large cap companies with strong balance sheets, earnings track record and management strength. The fund prefers to hold investments for long term and avoid companies that pay interest.

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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.

The investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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.

The investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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.

The investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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.

The investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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.

The investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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.

The investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies 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 of companies in both the United States and foreign markets (including emerging markets).

In addition, the team assesses companies on the basis of factors such as balance sheet quality, franchise value, and quality of management.

The team also reviews companies’ financial statements, meets with management; considers the general economic environment in which the company operates, and structural growth potential of the relevant industry segment.

Also, the team evaluates the growth prospects of a company by estimating its future operating cash flow less capital expenditures.

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 with proven management teams, as well as those contributing to positive societal impact aligned to the United Nations Sustainable Development Goals.

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 also invest in securities of other investment companies, real estate investment trusts, and money market funds.

The fund has the flexibility to invest across all market capitalizations.

The fund seeks capital appreciation in the long term by investing in small-and micro-size 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 focuses on companies that are domiciled outside the United States.

Also, the fund may invest a significant amount of its net assets in securities issued by companies domiciled in emerging and frontier market countries.

Domicile is determined by where the company is organized, headquartered, or has substantial concentration of assets or revenues.

The team then assesses the financial strength of each company.

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 best-in-class growth companies relative to their peers.

Additionally, the fundamental analysis includes evaluating the company, its industry, and its competitors, as well as visiting companies and talking with senior management.

The team also focuses on companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

In addition, the team categorizes companies as best-in-class growth, fallen angels, and stalwarts.

According to the team, best-in-class growth refers to high-quality companies with stable growth and having lots of undiscovered opportunities.

In fallen angels, the team looks for growth companies whose future earnings power is not reflected in their current valuations.

As far as stalwarts are concerned, the team focuses on companies trading at reasonable valuations which have good growth prospects.

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 will typically invest in securities issued by companies domiciled in at least three countries, including the United States.

Also, the fund may invest a significant percentage of its assets in a few sectors or regions.

At times, the fund may invest in early stage companies and initial public offerings.