The fund seeks maximum capital appreciation in the long term by investing in companies across any size 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 in US and non-US growth companies, including depositary receipts.

The team focuses on companies that exhibit franchise characteristics, an accelerating profit cycle and are trading at discounts to their estimate of private market value.

In addition, the team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services.

As part of the security selection process, the team focuses on the global economy in order to find investment opportunities.

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 portfolio typically has approximately between 40 and 60 holdings.

The fund may invest in developed markets, as well as emerging and less developed markets.

However, the fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.
 

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 invests in securities of foreign and domestic companies.

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 that are mispriced and are trading at below-average valuations but have long-term growth potential.

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 invests in securities issued by companies domiciled in each of at least ten countries, including the United States.

Also, the fund will invest a significant portion of its net assets in securities issued by companies that are domiciled outside the United States.

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

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

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

The fund may invest in early stage companies and initial public offerings.

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 invests in securities of foreign and domestic companies.

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 that are mispriced and are trading at below-average valuations but have long-term growth potential.

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 invests in securities issued by companies domiciled in each of at least ten countries, including the United States.

Also, the fund will invest a significant portion of its net assets in securities issued by companies that are domiciled outside the United States.

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

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

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

The fund may invest in early stage companies and initial public offerings.

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 invests in securities of issuers located throughout the world, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that meet its impact investing criteria.

According to the team, companies that focus their operations in areas that are likely to address major social and environmental challenges meet its impact investing criteria.

The research process is driven by fundamental analysis of one stock at a time.

Next, the team relies on fundamental analysis to identify attractive investments across economic sectors within both developed and emerging countries.

As part of its fundamental analysis, the team evaluates a company’s industry structure, asset quality, business environment, management quality, balance sheet, income statement, anticipated earnings, growth prospects, revenues and dividends.

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 invest at least 40% of its net assets in foreign securities of at least three different countries outside the United States.

However, during periods of unfavorable market conditions, the fund may invest at least 30% of its net assets in foreign securities.

Investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country, or an issuer derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

In addition, the fund excludes companies engaged in businesses: such as tobacco, firearms, defense, nuclear, coal, petroleum, alcohol, adult entertainment and gambling.

The fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers and could, at times hold a portion of its assets in cash.

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 invests in securities of issuers located throughout the world, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that meet its impact investing criteria.

According to the team, companies that focus their operations in areas that are likely to address major social and environmental challenges meet its impact investing criteria.

The research process is driven by fundamental analysis of one stock at a time.

Next, the team relies on fundamental analysis to identify attractive investments across economic sectors within both developed and emerging countries.

As part of its fundamental analysis, the team evaluates a company’s industry structure, asset quality, business environment, management quality, balance sheet, income statement, anticipated earnings, growth prospects, revenues and dividends.

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 invest at least 40% of its net assets in foreign securities of at least three different countries outside the United States.

However, during periods of unfavorable market conditions, the fund may invest at least 30% of its net assets in foreign securities.

Investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country, or an issuer derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

In addition, the fund excludes companies engaged in businesses: such as tobacco, firearms, defense, nuclear, coal, petroleum, alcohol, adult entertainment and gambling.

The fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers and could, at times hold a portion of its assets in cash.

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 invests in securities of issuers located throughout the world, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that meet its impact investing criteria.

According to the team, companies that focus their operations in areas that are likely to address major social and environmental challenges meet its impact investing criteria.

The research process is driven by fundamental analysis of one stock at a time.

Next, the team relies on fundamental analysis to identify attractive investments across economic sectors within both developed and emerging countries.

As part of its fundamental analysis, the team evaluates a company’s industry structure, asset quality, business environment, management quality, balance sheet, income statement, anticipated earnings, growth prospects, revenues and dividends.

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 invest at least 40% of its net assets in foreign securities of at least three different countries outside the United States.

However, during periods of unfavorable market conditions, the fund may invest at least 30% of its net assets in foreign securities.

Investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country, or an issuer derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

In addition, the fund excludes companies engaged in businesses: such as tobacco, firearms, defense, nuclear, coal, petroleum, alcohol, adult entertainment and gambling.

The fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers and could, at times hold a portion of its assets in cash.

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 invests in securities of issuers located throughout the world, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that meet its impact investing criteria.

According to the team, companies that focus their operations in areas that are likely to address major social and environmental challenges meet its impact investing criteria.

The research process is driven by fundamental analysis of one stock at a time.

Next, the team relies on fundamental analysis to identify attractive investments across economic sectors within both developed and emerging countries.

As part of its fundamental analysis, the team evaluates a company’s industry structure, asset quality, business environment, management quality, balance sheet, income statement, anticipated earnings, growth prospects, revenues and dividends.

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 invest at least 40% of its net assets in foreign securities of at least three different countries outside the United States.

However, during periods of unfavorable market conditions, the fund may invest at least 30% of its net assets in foreign securities.

Investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country, or an issuer derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

In addition, the fund excludes companies engaged in businesses: such as tobacco, firearms, defense, nuclear, coal, petroleum, alcohol, adult entertainment and gambling.

The fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers and could, at times hold a portion of its assets in cash.

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 invests in securities of issuers located throughout the world, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that meet its impact investing criteria.

According to the team, companies that focus their operations in areas that are likely to address major social and environmental challenges meet its impact investing criteria.

The research process is driven by fundamental analysis of one stock at a time.

Next, the team relies on fundamental analysis to identify attractive investments across economic sectors within both developed and emerging countries.

As part of its fundamental analysis, the team evaluates a company’s industry structure, asset quality, business environment, management quality, balance sheet, income statement, anticipated earnings, growth prospects, revenues and dividends.

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 invest at least 40% of its net assets in foreign securities of at least three different countries outside the United States.

However, during periods of unfavorable market conditions, the fund may invest at least 30% of its net assets in foreign securities.

Investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country, or an issuer derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

In addition, the fund excludes companies engaged in businesses: such as tobacco, firearms, defense, nuclear, coal, petroleum, alcohol, adult entertainment and gambling.

The fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers and could, at times hold a portion of its assets in cash.

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 invests in securities of issuers located throughout the world, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that meet its impact investing criteria.

According to the team, companies that focus their operations in areas that are likely to address major social and environmental challenges meet its impact investing criteria.

The research process is driven by fundamental analysis of one stock at a time.

Next, the team relies on fundamental analysis to identify attractive investments across economic sectors within both developed and emerging countries.

As part of its fundamental analysis, the team evaluates a company’s industry structure, asset quality, business environment, management quality, balance sheet, income statement, anticipated earnings, growth prospects, revenues and dividends.

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 invest at least 40% of its net assets in foreign securities of at least three different countries outside the United States.

However, during periods of unfavorable market conditions, the fund may invest at least 30% of its net assets in foreign securities.

Investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country, or an issuer derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

In addition, the fund excludes companies engaged in businesses: such as tobacco, firearms, defense, nuclear, coal, petroleum, alcohol, adult entertainment and gambling.

The fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers and could, at times hold a portion of its assets in cash.

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

The Global Fund invests all of its investable assets in the Global Portfolio, a series of Kinetics Portfolios Trust.

Next, the research team invests significantly in common stocks; exchange traded funds, convertible securities, warrants and other equity securities having the characteristics of common stocks of foreign and U.S. companies listed on publicly traded exchanges.

As part of its fundamental analysis, the team considers a company’s potential to maintain and grow long lived assets, while generating high returns on capital with operating predictability and transparency.

Other factors in consideration include reviewing a company’s balance sheets, corporate revenues, earnings and dividends.

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.

At least 40% of the fund’s net assets will be invested in companies located outside the United States.

In addition, the fund has exposure to at least three countries, which may include the United States.

The fund may invest up to 20% of its net assets in convertible and non-convertible debt securities rated below investment grade, or unrated securities of comparable quality.

Also, the fund may invest up to 100% of its net assets in companies located in emerging markets.

The fund may also invest indirectly in bitcoins exclusively through a Delaware statutory trust, Grayscale Bitcoin Trust.

Additionally, the fund may participate in securities lending arrangements with brokers, dealers, and financial institutions in order to increase the return on its portfolio.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation by investing in companies across any size 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 in U.S. and foreign equity securities, including emerging market equity securities.

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 exhibiting above average earnings growth potential relative to its peers.

Also, the team favors companies that are estimated to trade below their fair values.

The team is not constrained by any particular investment style and therefore, has the flexibility to invest in a combination of growth and value 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.

In addition, the fund invests its net assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

However, the fund invests its net assets in at least three different countries.

Additionally, the fund invests primarily in securities of companies with small to medium capitalizations, even though it has the flexibility to invest across market capitalizations.

The fund seeks capital appreciation in the long term by investing in companies across any size 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 in the most compelling domestic, international and emerging market growth companies, regardless of market capitalization or sector.

The team favors companies with balance sheet strength, earnings and management teams with above-average potential for growth.

In addition, the team prefers companies in attractive industries located in countries with growing GDP and a stable political environment.

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 capital appreciation in the long term by investing in companies across any size 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 in the most compelling domestic, international and emerging market growth companies, regardless of market capitalization or sector.

The team favors companies with balance sheet strength, earnings and management teams with above-average potential for growth.

In addition, the team prefers companies in attractive industries located in countries with growing GDP and a stable political environment.

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 capital appreciation in the long term by investing in companies across any size 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 in the most compelling domestic, international and emerging market growth companies, regardless of market capitalization or sector.

The team favors companies with balance sheet strength, earnings and management teams with above-average potential for growth.

In addition, the team prefers companies in attractive industries located in countries with growing GDP and a stable political environment.

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.