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 of U.S. companies and foreign companies in developed markets.

The team seeks to achieve above-market returns with less volatility over a full market cycle.

In selecting securities for the portfolio, the research team evaluates companies on the basis of factors such as earnings quality, price volatility, speculation and distress.

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 may be broadly diversified across companies and industries.

Additionally, the fund may also lend its portfolio securities to earn additional income.

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 of U.S. companies and foreign companies in developed markets.

The team seeks to achieve above-market returns with less volatility over a full market cycle.

In selecting securities for the portfolio, the research team evaluates companies on the basis of factors such as earnings quality, price volatility, speculation and distress.

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 may be broadly diversified across companies and industries.

Additionally, the fund may also lend its portfolio securities to earn additional income.

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 of U.S. companies and foreign companies in developed markets.

The team seeks to achieve above-market returns with less volatility over a full market cycle.

In selecting securities for the portfolio, the research team evaluates companies on the basis of factors such as earnings quality, price volatility, speculation and distress.

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 may be broadly diversified across companies and industries.

Additionally, the fund may also lend its portfolio securities to earn additional income.

The fund seeks capital appreciation by investing in companies around the world including the United States.

The fund anchors its investments in the U.S. and primarily in the developed regions of the world and secondarily in emerging markets. The fund starts with a list of companies in the benchmark index and then narrows the investable list to a smaller number that meet earnings, growth and return on equity criteria.

The research team then calculates intrinsic valuation for companies using qualitative analysis and future growth outlook. The fund does not seek to have a bias towards any investment style, economic sector, country or company size.

The fund favors companies that are priced low in relation to their perceived long-term earnings power.

Multi-cap fund looks to invest in companies that are trading below the estimated value as determined by the fund manager. 

With the help of fundamental research, manager looks for companies trading at a discount to its intrinsic value but has a near-term catalyst to spark earnings or revenue growth.The contrarian approach, value focus and concentrated holdings drive the investment policy of this fund.   

The concentrated fund typically prefers to have less than 30 names and the fund has nearly 45% of its assets invested in top 10 holdings.  

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 focuses on high quality growth companies that are trading at attractive valuations.

The team believes high quality growth companies have definable strategic advantages/moat and competitive positioning that offer superior earnings visibility and sustainability.

In addition, the team seeks to identify the presence of near-term catalysts for future growth for companies that are in a positive earnings revision cycle.

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 generally holds less than 50 holdings.

Additionally, the fund invests in securities of both U.S. and foreign companies, and invests significantly in foreign companies.

Foreign companies are companies that are organized under the laws of a foreign country, or whose securities are primarily listed in a foreign country.

Also foreign companies are companies that have a majority of their assets, or derive more than 50% of their revenue or profits from business, investments or sales, outside the United States. 

The fund’s foreign investments will include securities of companies in both developed and emerging market countries.

Also, the fund may invest a significant portion of its net assets in securities of companies conducting business within a single sector.

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 focuses on high quality growth companies that are trading at attractive valuations.

The team believes high quality growth companies have definable strategic advantages/moat and competitive positioning that offer superior earnings visibility and sustainability.

In addition, the team seeks to identify the presence of near-term catalysts for future growth for companies that are in a positive earnings revision cycle.

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 generally holds less than 50 holdings.

Additionally, the fund invests in securities of both U.S. and foreign companies, and invests significantly in foreign companies.

Foreign companies are companies that are organized under the laws of a foreign country, or whose securities are primarily listed in a foreign country.

Also foreign companies are companies that have a majority of their assets, or derive more than 50% of their revenue or profits from business, investments or sales, outside the United States. 

The fund’s foreign investments will include securities of companies in both developed and emerging market countries.

Also, the fund may invest a significant portion of its net assets in securities of companies conducting business within a single sector.

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 focuses on high quality growth companies that are trading at attractive valuations.

The team believes high quality growth companies have definable strategic advantages/moat and competitive positioning that offer superior earnings visibility and sustainability.

In addition, the team seeks to identify the presence of near-term catalysts for future growth for companies that are in a positive earnings revision cycle.

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 generally holds less than 50 holdings.

Additionally, the fund invests in securities of both U.S. and foreign companies, and invests significantly in foreign companies.

Foreign companies are companies that are organized under the laws of a foreign country, or whose securities are primarily listed in a foreign country.

Also foreign companies are companies that have a majority of their assets, or derive more than 50% of their revenue or profits from business, investments or sales, outside the United States. 

The fund’s foreign investments will include securities of companies in both developed and emerging market countries.

Also, the fund may invest a significant portion of its net assets in securities of companies conducting business within a single sector.

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 focuses on high quality growth companies that are trading at attractive valuations.

The team believes high quality growth companies have definable strategic advantages/moat and competitive positioning that offer superior earnings visibility and sustainability.

In addition, the team seeks to identify the presence of near-term catalysts for future growth for companies that are in a positive earnings revision cycle.

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 generally holds less than 50 holdings.

Additionally, the fund invests in securities of both U.S. and foreign companies, and invests significantly in foreign companies.

Foreign companies are companies that are organized under the laws of a foreign country, or whose securities are primarily listed in a foreign country.

Also foreign companies are companies that have a majority of their assets, or derive more than 50% of their revenue or profits from business, investments or sales, outside the United States. 

The fund’s foreign investments will include securities of companies in both developed and emerging market countries.

Also, the fund may invest a significant portion of its net assets in securities of companies conducting business within a single sector.

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 will invest in instruments of companies located in a number of different countries throughout the world, one of which will be the United States.

The team will invest at least 40% of the fund’s net assets in non-U.S. companies. 

The team reviews companies on the basis of value, momentum, and other factors.

Value strategies identify companies that appear cheap based on fundamental measures.

Momentum strategies favor securities with measures of superior recent performance.

In addition, quality strategies favor stable companies in good business health, including those with superior profitability and stable earnings.

Sentiment strategies prefer companies with management teams that are aligned with shareholders’ interests.

Additionally, the fund may enter into both long and short positions in equities and currencies using derivative instruments.

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 will allocate the fund’s net assets among various regions and countries, including the United States (but in no less than three different countries outside of the U.S.)

The fund may lend its portfolio securities to certain types of eligible borrowers.

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.

The strategy relies on thematic idea generation framework to construct a focused portfolio designed to maximize alpha while limiting downside risk over the long term.

The process seeks to identify inflections in multi-year trends which may be caused by changes in supply/demand dynamics, societal behavior, market conditions, technology, laws/regulations and business models.

Next, the research team invests in securities of non-US companies (including depositary receipts).

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’s investments in non-US securities may include investments in developed markets, as well as emerging and less developed markets.

Additionally, 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 may invest in exchange-traded funds, real estate investment trusts, as well as debt securities of any maturity or duration.

Also, the fund may maintain a significant portion of its net assets in cash from time to time in response to adverse market, economic, political or other conditions.

The fund is non-diversified, which means that it may invest a greater portion of its assets in a more limited number of issuers than a diversified fund.

The morally responsible fund seeks to invest in global leaders with operations based around the world.

The investment process of the fund looks for global companies with strong balance sheet, stable earnings and near term catalysts to improve earnings and cash flow. The fund also limits investment in any country to less than 25% outside of the U.S. and currently has no meaningful exposure in emerging markets.

The fund practices morally responsible investing based and avoids all companies that are contrary to core values and teachings of the Roman Catholic Church. The fund avoids companies that are engaged in abortion, pornography, embryonic stem cell research and have policies that undermine the sacrament of marriage.

The fund seeks to provide total return 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 both equity and fixed income securities, including money market securities and other short-term securities or instruments, of issuers located around the world.

In selecting securities for the portfolio, the research team focuses on long term trends and changes that could benefit particular markets, industries and/or issuers.

Additionally, when selecting the markets, the team considers factors such as the rate of economic growth, natural resources, capital reinvestment and the social and political environment.

Also, as part of the process, the team utilizes short positions.

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.

Generally, the fund is diversified across markets, industries and issuers. The fund may invest in developed and emerging markets, including frontier markets.

The fund may also invest in real estate investment trusts, and in debt securities of any maturity or duration.

Additionally, the fund may utilize derivatives, including options, futures, swaps, credit default swaps and forward contracts, both to seek to increase the return of the fund and to hedge the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.

The fund may hold a portion of its net assets in cash or cash equivalents.

In addition, the fund may invest up to 25% of its net assets in Cayman GA Dynamic Equity Fund, Ltd. a wholly owned subsidiary of the fund, which invests primarily in commodity-related instruments.

The fund seeks to provide high total investment 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 global 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 that are estimated to trade below their fair values.

Also, the team considers companies that have the potential to generate attractive total returns over a long-term investment horizon.

The team also evaluates companies on the basis of factors such as value, estimated dividends, and interest rates.

Other factors in consideration would be economic and political conditions, potential for economic growth and possible changes in currency exchange rates.

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 in both developed and emerging markets.

Additionally, the fund may utilize derivatives, including options, futures, swaps, and forward contracts, both to seek to increase the return of the fund and to hedge the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.

Also, the fund may invest in indexed and inverse securities, and in non-U.S. currencies.

In addition, the fund may own foreign cash equivalents or foreign bank deposits.

Furthermore, for temporary defensive purposes and in case of unusually large cash inflows or redemptions, the fund may invest without limitation in cash, cash equivalents, money market securities, or other high quality fixed-income securities.

The fund seeks to provide high total investment 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 global 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 that are estimated to trade below their fair values.

Also, the team considers companies that have the potential to generate attractive total returns over a long-term investment horizon.

The team also evaluates companies on the basis of factors such as value, estimated dividends, and interest rates.

Other factors in consideration would be economic and political conditions, potential for economic growth and possible changes in currency exchange rates.

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 in both developed and emerging markets.

Additionally, the fund may utilize derivatives, including options, futures, swaps, and forward contracts, both to seek to increase the return of the fund and to hedge the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.

Also, the fund may invest in indexed and inverse securities, and in non-U.S. currencies.

In addition, the fund may own foreign cash equivalents or foreign bank deposits.

Furthermore, for temporary defensive purposes and in case of unusually large cash inflows or redemptions, the fund may invest without limitation in cash, cash equivalents, money market securities, or other high quality fixed-income securities.

The fund seeks capital appreciation in the long term by investing in companies across sany 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 a globally-diversified portfolio of securities.

The team focuses on securities of well-established companies with large market capitalizations as well as small, unseasoned companies.

In addition, the team considers the company’s financial strength, earnings and cash flow forecast and quality of management.

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 manager invests at least 40% of the fund’s net assets in securities of foreign issuers.

According to the manager, securities of foreign issuers are organized under the laws of a foreign country or that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses, investments or sales outside of the United States.

The fund may also invest in foreign securities through American Depositary Receipts or similar depository arrangements, and in securities of issuers in emerging markets to a significant extent.

Also, the fund relies on a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

The fund seeks capital appreciation in the long term by investing in companies across sany 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 a globally-diversified portfolio of securities.

The team focuses on securities of well-established companies with large market capitalizations as well as small, unseasoned companies.

In addition, the team considers the company’s financial strength, earnings and cash flow forecast and quality of management.

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 manager invests at least 40% of the fund’s net assets in securities of foreign issuers.

According to the manager, securities of foreign issuers are organized under the laws of a foreign country or that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses, investments or sales outside of the United States.

The fund may also invest in foreign securities through American Depositary Receipts or similar depository arrangements, and in securities of issuers in emerging markets to a significant extent.

Also, the fund relies on a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

The fund seeks capital appreciation in the long term by investing in companies across sany 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 a globally-diversified portfolio of securities.

The team focuses on securities of well-established companies with large market capitalizations as well as small, unseasoned companies.

In addition, the team considers the company’s financial strength, earnings and cash flow forecast and quality of management.

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 manager invests at least 40% of the fund’s net assets in securities of foreign issuers.

According to the manager, securities of foreign issuers are organized under the laws of a foreign country or that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses, investments or sales outside of the United States.

The fund may also invest in foreign securities through American Depositary Receipts or similar depository arrangements, and in securities of issuers in emerging markets to a significant extent.

Also, the fund relies on a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

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 allocates the fund’s net assets to Underlying Funds that invest in domestic and international equity securities.

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 manager further diversifies the portfolio by allocating the fund’s net assets among Underlying Funds that represent a variety of different asset classes, such as large capitalization, small capitalization and emerging markets stocks, as well as real estate securities.

The fund also purchases international equity Underlying Funds that purchase a broad and diverse portfolio of securities of companies in developed and emerging markets across market capitalizations with an emphasis on smaller capitalization, lower relative price, and higher profitability companies.

Additionally, the fund purchases an international equity Underlying Fund that invests in publicly traded REITs and REIT-like entities.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.
 

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

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ 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 process employs a fund of funds strategy, which means the Portfolio generally allocates its assets among other mutual funds managed by Dimensional Fund Advisors LP.

The Underlying Funds are U.S. Core Equity 2 Portfolio, International Core Equity Portfolio and Emerging Markets Core Equity Portfolio.

Next, the research team focuses on securities of both U.S. companies and non-U.S. companies associated with countries with developed and emerging markets, including frontier markets (emerging markets in an earlier stage of development)

The team seeks to buy shares of the Underlying Funds.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

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 considers the relative market capitalization weighting of developed and emerging markets within the universe of eligible securities along with different valuation ratios and/or profitability, when allocating investments among the Underlying Funds or securities.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.

The fund invests directly or indirectly through its investment in the Underlying Funds in securities that may be denominated in foreign currencies.

Also, the fund may hedge some or all of the currency exposure of the foreign securities by entering into foreign currency forward contracts, futures or other derivatives.

The fund seeks capital appreciation in the long term 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 in securities issued throughout the world.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation in the long term 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 in securities issued throughout the world.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation in the long term 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 in securities issued throughout the world.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation by investing in 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 Invests in securities issued throughout the world.

The team focuses on high-quality companies exhibiting above-average growth prospects and that are trading at reasonable prices.

Additionally, the team considers companies that have stable and high returns on capital, sustainable competitive positions, consistent profitability, superior free-cash-flow generation, balance sheet strength and management teams whose interests are aligned with those of shareholders.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation in the long term 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 in companies based in the United States and other developed markets, as well as in emerging and frontier markets.

The team relies on fundamental analysis to look for well-managed companies with financial strength.

Other factors in consideration are fast-growing companies that are competitive and trading at reasonable valuations relative to their estimated 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 portfolio is diversified across dimensions of geography, industry, currency, and market capitalization.

Also, the portfolio normally holds investments across at least 15 countries.

The fund will invest in securities of companies domiciled in Europe, the Pacific Rim, the United States, Canada, and Mexico and countries with emerging or frontier markets.

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

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Wellington Management Company LLP, and Schroder Investment Management North America Inc.

Each sub-adviser manages its segment of the fund’s assets to correspond with its distinct investment style and strategy.

The fund’s sub-sub-adviser is Schroder Investment Management North America Limited.

The sub-advisers’ 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 U.S. and foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that seek opportunities to address or benefit from climate change, which include companies classified as promoting clean and/or efficient energy, sustainable transportation, water and/or resource management.

In addition, the team favors companies exhibiting low-carbon leadership and businesses that service such companies.

Wellington seeks to identify attractive companies that address environmental challenges and/or seek to improve the efficiency of resource consumption.

Schroder focuses on companies that have already recognized threats posed by climate change and form part of the solution to problems arising from climate change.

Also, Schroder prefers companies that seek to benefit from efforts to accommodate or limit the impact of global climate change.

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 generally does not invest in major fossil fuel companies.

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

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Wellington Management Company LLP, and Schroder Investment Management North America Inc.

Each sub-adviser manages its segment of the fund’s assets to correspond with its distinct investment style and strategy.

The fund’s sub-sub-adviser is Schroder Investment Management North America Limited.

The sub-advisers’ 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 U.S. and foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team focuses on securities of issuers that seek opportunities to address or benefit from climate change, which include companies classified as promoting clean and/or efficient energy, sustainable transportation, water and/or resource management.

In addition, the team favors companies exhibiting low-carbon leadership and businesses that service such companies.

Wellington seeks to identify attractive companies that address environmental challenges and/or seek to improve the efficiency of resource consumption.

Schroder focuses on companies that have already recognized threats posed by climate change and form part of the solution to problems arising from climate change.

Also, Schroder prefers companies that seek to benefit from efforts to accommodate or limit the impact of global climate change.

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 generally does not invest in major fossil fuel companies.

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 equity securities, depositary receipts, and in derivatives and other instruments that have economic characteristics similar to such 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 that have durable competitive advantages and provide opportunities for long-term growth.

In addition; the team focuses on companies with proven management teams that allocate capital prudently.

The team also considers companies that are attractively priced relative to their estimated intrinsic value.

As part of the process, the team reviews a company’s financial information, competitive position and its future prospects.

The team may also meet with the company’s management and take into account general industry and economic trends.

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 in companies economically tied to at least three different countries, including the U.S.

Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.

The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.

The fund may also invest in China A shares.

The fund has the flexibility to invest across all market capitalizations, but will generally invest significantly in large capitalization companies.

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 equity securities, depositary receipts, and in derivatives and other instruments that have economic characteristics similar to such 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 that have durable competitive advantages and provide opportunities for long-term growth.

In addition; the team focuses on companies with proven management teams that allocate capital prudently.

The team also considers companies that are attractively priced relative to their estimated intrinsic value.

As part of the process, the team reviews a company’s financial information, competitive position and its future prospects.

The team may also meet with the company’s management and take into account general industry and economic trends.

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 in companies economically tied to at least three different countries, including the U.S.

Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.

The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.

The fund may also invest in China A shares.

The fund has the flexibility to invest across all market capitalizations, but will generally invest significantly in large capitalization companies.

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 equity securities, depositary receipts, and in derivatives and other instruments that have economic characteristics similar to such 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 that have durable competitive advantages and provide opportunities for long-term growth.

In addition; the team focuses on companies with proven management teams that allocate capital prudently.

The team also considers companies that are attractively priced relative to their estimated intrinsic value.

As part of the process, the team reviews a company’s financial information, competitive position and its future prospects.

The team may also meet with the company’s management and take into account general industry and economic trends.

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 in companies economically tied to at least three different countries, including the U.S.

Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.

The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.

The fund may also invest in China A shares.

The fund has the flexibility to invest across all market capitalizations, but will generally invest significantly in large capitalization companies.

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 equity securities, depositary receipts, and in derivatives and other instruments that have economic characteristics similar to such 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 that have durable competitive advantages and provide opportunities for long-term growth.

In addition; the team focuses on companies with proven management teams that allocate capital prudently.

The team also considers companies that are attractively priced relative to their estimated intrinsic value.

As part of the process, the team reviews a company’s financial information, competitive position and its future prospects.

The team may also meet with the company’s management and take into account general industry and economic trends.

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 in companies economically tied to at least three different countries, including the U.S.

Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.

The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.

The fund may also invest in China A shares.

The fund has the flexibility to invest across all market capitalizations, but will generally invest significantly in large capitalization companies.

The fund seeks capital appreciation in the long term by investing in 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 invests in the securities of represented in the MSCI World SRI Index (the Underlying Index) and in derivatives and other instruments that have economic characteristics similar to such securities.

The Underlying Index includes common stocks of large- and mid-capitalization companies from 23 developed market countries, including the U.S.

In addition, the team employs a sampling methodology wherein the fund seeks to replicate the composition of the Underlying Index, holding each security in approximately the same proportion as its weighting in the Underlying 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.

The fund can utilize exchange-traded futures contracts, including index futures, to gain exposure to equity securities represented in the Underlying Index while managing cash balances.

In seeking to track the Underlying Index, the fund may from time to time have significant exposure to a particular sector.

The Underlying Index excludes companies if they have any tie to controversial weapons, are manufacturers or producers of civilian firearms, nuclear weapons, or tobacco;.

Also, the Underlying Index excludes companies that generate revenues from alcohol, adult entertainment, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel extraction, or thermal coal power that exceed the business involvement thresholds determined by MSCI, or that have evidence of ownership of fossil fuel reserves.

The fund seeks capital appreciation in the long term by investing in 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 invests in the securities of represented in the MSCI World SRI Index (the Underlying Index) and in derivatives and other instruments that have economic characteristics similar to such securities.

The Underlying Index includes common stocks of large- and mid-capitalization companies from 23 developed market countries, including the U.S.

In addition, the team employs a sampling methodology wherein the fund seeks to replicate the composition of the Underlying Index, holding each security in approximately the same proportion as its weighting in the Underlying 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.

The fund can utilize exchange-traded futures contracts, including index futures, to gain exposure to equity securities represented in the Underlying Index while managing cash balances.

In seeking to track the Underlying Index, the fund may from time to time have significant exposure to a particular sector.

The Underlying Index excludes companies if they have any tie to controversial weapons, are manufacturers or producers of civilian firearms, nuclear weapons, or tobacco;.

Also, the Underlying Index excludes companies that generate revenues from alcohol, adult entertainment, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel extraction, or thermal coal power that exceed the business involvement thresholds determined by MSCI, or that have evidence of ownership of fossil fuel reserves.

The fund seeks capital appreciation in the long term by investing in 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 invests in the securities of represented in the MSCI World SRI Index (the Underlying Index) and in derivatives and other instruments that have economic characteristics similar to such securities.

The Underlying Index includes common stocks of large- and mid-capitalization companies from 23 developed market countries, including the U.S.

In addition, the team employs a sampling methodology wherein the fund seeks to replicate the composition of the Underlying Index, holding each security in approximately the same proportion as its weighting in the Underlying 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.

The fund can utilize exchange-traded futures contracts, including index futures, to gain exposure to equity securities represented in the Underlying Index while managing cash balances.

In seeking to track the Underlying Index, the fund may from time to time have significant exposure to a particular sector.

The Underlying Index excludes companies if they have any tie to controversial weapons, are manufacturers or producers of civilian firearms, nuclear weapons, or tobacco;.

Also, the Underlying Index excludes companies that generate revenues from alcohol, adult entertainment, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel extraction, or thermal coal power that exceed the business involvement thresholds determined by MSCI, or that have evidence of ownership of fossil fuel reserves.

The fund seeks capital appreciation in the long term by investing in 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 invests in the securities of represented in the MSCI World SRI Index (the Underlying Index) and in derivatives and other instruments that have economic characteristics similar to such securities.

The Underlying Index includes common stocks of large- and mid-capitalization companies from 23 developed market countries, including the U.S.

In addition, the team employs a sampling methodology wherein the fund seeks to replicate the composition of the Underlying Index, holding each security in approximately the same proportion as its weighting in the Underlying 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.

The fund can utilize exchange-traded futures contracts, including index futures, to gain exposure to equity securities represented in the Underlying Index while managing cash balances.

In seeking to track the Underlying Index, the fund may from time to time have significant exposure to a particular sector.

The Underlying Index excludes companies if they have any tie to controversial weapons, are manufacturers or producers of civilian firearms, nuclear weapons, or tobacco;.

Also, the Underlying Index excludes companies that generate revenues from alcohol, adult entertainment, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel extraction, or thermal coal power that exceed the business involvement thresholds determined by MSCI, or that have evidence of ownership of fossil fuel reserves.

The fund seeks capital appreciation in the long term by investing in 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 invests in the securities of represented in the MSCI World SRI Index (the Underlying Index) and in derivatives and other instruments that have economic characteristics similar to such securities.

The Underlying Index includes common stocks of large- and mid-capitalization companies from 23 developed market countries, including the U.S.

In addition, the team employs a sampling methodology wherein the fund seeks to replicate the composition of the Underlying Index, holding each security in approximately the same proportion as its weighting in the Underlying 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.

The fund can utilize exchange-traded futures contracts, including index futures, to gain exposure to equity securities represented in the Underlying Index while managing cash balances.

In seeking to track the Underlying Index, the fund may from time to time have significant exposure to a particular sector.

The Underlying Index excludes companies if they have any tie to controversial weapons, are manufacturers or producers of civilian firearms, nuclear weapons, or tobacco;.

Also, the Underlying Index excludes companies that generate revenues from alcohol, adult entertainment, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel extraction, or thermal coal power that exceed the business involvement thresholds determined by MSCI, or that have evidence of ownership of fossil fuel reserves.

The fund seeks capital appreciation in the long term by investing in 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 invests in the securities of represented in the MSCI World SRI Index (the Underlying Index) and in derivatives and other instruments that have economic characteristics similar to such securities.

The Underlying Index includes common stocks of large- and mid-capitalization companies from 23 developed market countries, including the U.S.

In addition, the team employs a sampling methodology wherein the fund seeks to replicate the composition of the Underlying Index, holding each security in approximately the same proportion as its weighting in the Underlying 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.

The fund can utilize exchange-traded futures contracts, including index futures, to gain exposure to equity securities represented in the Underlying Index while managing cash balances.

In seeking to track the Underlying Index, the fund may from time to time have significant exposure to a particular sector.

The Underlying Index excludes companies if they have any tie to controversial weapons, are manufacturers or producers of civilian firearms, nuclear weapons, or tobacco;.

Also, the Underlying Index excludes companies that generate revenues from alcohol, adult entertainment, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel extraction, or thermal coal power that exceed the business involvement thresholds determined by MSCI, or that have evidence of ownership of fossil fuel reserves.

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 securities of U.S. and foreign companies.

The team evaluates companies on the basis of factors such as growth, valuation, size, momentum, and beta.

In addition, the team utilizes a growth at a reasonable price strategy to identify companies with positive earnings surprises, sustainably high or increasing return on equity, and attractive valuations.

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 can invest without limit in foreign securities and can invest in any country, including countries with developing or emerging markets.

Also, the fund will invest in at least three countries (one of which may be the United States) with at least 40% of its assets invested in countries other than the U.S.

However, the fund may invest at least 30% of its assets outside the U.S. when market conditions are unfavorable.

Typically, the fund invests in a number of different countries.

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 securities of U.S. and foreign companies.

The team evaluates companies on the basis of factors such as growth, valuation, size, momentum, and beta.

In addition, the team utilizes a growth at a reasonable price strategy to identify companies with positive earnings surprises, sustainably high or increasing return on equity, and attractive valuations.

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 can invest without limit in foreign securities and can invest in any country, including countries with developing or emerging markets.

Also, the fund will invest in at least three countries (one of which may be the United States) with at least 40% of its assets invested in countries other than the U.S.

However, the fund may invest at least 30% of its assets outside the U.S. when market conditions are unfavorable.

Typically, the fund invests in a number of different countries.

The fund seeks capital appreciation 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 franchise companies.

According to the team, these companies will have a leading share of industry sales, the ability to generate consistent sales growth over time, and a track record of return on capital invested in the company with a sustainable competitive advantage.

A franchise company is one whose return on invested capital over a three-year period is above its cost of capital.

The team utilizes fundamental analysis to assess a company’s health, its competitive positioning, management strength, and competitive advantages.

The research team focuses on companies that are trading at significant discounts to their estimated 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 primarily invests in common stocks of developed and emerging companies, as well as ADRs, which trade on U.S. exchanges.

The fund may invest significantly in securities of companies in certain sectors, such as the consumer staples and consumer discretionary sectors.

The fund invests at least 40% of its net assets in issuers domiciled outside of the United States.

Additionally, the fund is a non-diversified fund, which means that it may invest in a smaller number of issuers than a diversified fund and may invest more of its assets in the securities of a single issuer.

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 a diversified portfolio of 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 that are estimated to trade below their fair values.

In addition, the team prefers attractive-valued companies with solid business franchises, sustainable margins/cash flow, disciplined capital allocation, experienced management teams, and balance sheet strength.

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 at least 40% of its net assets in securities of issuers domiciled outside of the United States, including in emerging markets. This includes securities of foreign issuers that trade on U.S. exchanges.

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 a diversified portfolio of 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 that are estimated to trade below their fair values.

In addition, the team prefers attractive-valued companies with solid business franchises, sustainable margins/cash flow, disciplined capital allocation, experienced management teams, and balance sheet strength.

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 at least 40% of its net assets in securities of issuers domiciled outside of the United States, including in emerging markets. This includes securities of foreign issuers that trade on U.S. exchanges.

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 a diversified portfolio of 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 that are estimated to trade below their fair values.

In addition, the team prefers attractive-valued companies with solid business franchises, sustainable margins/cash flow, disciplined capital allocation, experienced management teams, and balance sheet strength.

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 at least 40% of its net assets in securities of issuers domiciled outside of the United States, including in emerging markets. This includes securities of foreign issuers that trade on U.S. exchanges.

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 a diversified portfolio of 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 that are estimated to trade below their fair values.

In addition, the team prefers attractive-valued companies with solid business franchises, sustainable margins/cash flow, disciplined capital allocation, experienced management teams, and balance sheet strength.

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 at least 40% of its net assets in securities of issuers domiciled outside of the United States, including in emerging markets. This includes securities of foreign issuers that trade on U.S. exchanges.

The fund seeks primarily a high level of income and secondarily capital appreciation 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 dividend-paying companies located throughout the world.

The team favors companies that possess a high cash dividend, positive growth of free cash flow, share buyback programs, and net debt reductions.

In addition, the team prefers companies that are estimated to trade below their fair values relative to valuation multiples such as free cash flow and book 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 fund invests at least 40% of its net assets in securities of issuers located throughout the world, excluding the United States.

The fund may also invest up to 20% of its net assets in securities issued by companies located in emerging markets.

Additionally, the fund may invest up to 20% of its net assets in debt securities, including high-yield fixed-income securities rated below investment grade.

The fund may also invest up to 15% of its net assets in illiquid investments.

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 companies that demonstrate strong and/or improving financial productivity.

The team favors companies that are estimated to trade below their fair values based on their earnings, cash flow or asset values.

The research process is driven by fundamental analysis of one stock at a 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 manager invests significantly in non-US companies, and will allocate the fund’s net assets among various regions and countries, including the United States (but in no less than three different countries).

The fund’s investments in non-US companies may include companies whose principal business activities are located in emerging market countries.

Also, the fund is classified as diversified, which means it may invest in a smaller number of issuers than other, more diversified investment portfolios.

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 companies that demonstrate strong and/or improving financial productivity.

The team favors companies that are estimated to trade below their fair values based on their earnings, cash flow or asset values.

The research process is driven by fundamental analysis of one stock at a 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 manager invests significantly in non-US companies, and will allocate the fund’s net assets among various regions and countries, including the United States (but in no less than three different countries).

The fund’s investments in non-US companies may include companies whose principal business activities are located in emerging market countries.

Also, the fund is classified as diversified, which means it may invest in a smaller number of issuers than other, more diversified investment portfolios.

The fund seeks long-term capital appreciation by investing in companies in the U.S. and around the world.

The investment process starts with a list of companies with market capitalization of $3 billion and higher in developed markets and emerging countries.

Then the research team with the help of fundamental analysis and quantitative research narrows the list to market leaders with growing free cash flows and strong financial positions.

The team then with the help of qualitative analysis estimates intrinsic value of the select businesses that are clearly understood by investment team.

The team favors companies that are trading at least below 60% of their intrinsic values and builds a concentrated fund of 15 to 22 holdings.

The fund invests at least 40% of its assets in non-U.S. securities including securities issues by companies in emerging markets and American depository receipts.

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 process utilizes a blend strategy to invest in both growth and value stocks, or to stocks with characteristics of both.

Next, the research team invests in securities of foreign and U.S. companies.

The team prefers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the team, value companies are those that are trading at discounts to their estimated intrinsic value and have the potential for capital appreciation.

Growth companies are those that exhibit rapid gains in earnings and demonstrate the ability to continue profit growth at a high level.

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 at least 40% of its net assets in securities of non-U.S. companies.

Also, the fund invests in companies located in at least three countries outside of the U.S.

The fund invests in foreign companies whose securities may be traded on U.S. or non-U.S. securities exchanges, may be denominated in the U.S. dollar or other currencies, and may include American Depositary Receipts and other similar depositary receipts.

The fund may invest in unaffiliated exchange-traded funds, as well as may invest in derivatives.

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 process utilizes a blend strategy to invest in both growth and value stocks, or to stocks with characteristics of both.

Next, the research team invests in securities of foreign and U.S. companies.

The team prefers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the team, value companies are those that are trading at discounts to their estimated intrinsic value and have the potential for capital appreciation.

Growth companies are those that exhibit rapid gains in earnings and demonstrate the ability to continue profit growth at a high level.

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 at least 40% of its net assets in securities of non-U.S. companies.

Also, the fund invests in companies located in at least three countries outside of the U.S.

The fund invests in foreign companies whose securities may be traded on U.S. or non-U.S. securities exchanges, may be denominated in the U.S. dollar or other currencies, and may include American Depositary Receipts and other similar depositary receipts.

The fund may invest in unaffiliated exchange-traded funds, as well as may invest in derivatives.

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 process utilizes a blend strategy to invest in both growth and value stocks, or to stocks with characteristics of both.

Next, the research team invests in securities of foreign and U.S. companies.

The team prefers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the team, value companies are those that are trading at discounts to their estimated intrinsic value and have the potential for capital appreciation.

Growth companies are those that exhibit rapid gains in earnings and demonstrate the ability to continue profit growth at a high level.

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 at least 40% of its net assets in securities of non-U.S. companies.

Also, the fund invests in companies located in at least three countries outside of the U.S.

The fund invests in foreign companies whose securities may be traded on U.S. or non-U.S. securities exchanges, may be denominated in the U.S. dollar or other currencies, and may include American Depositary Receipts and other similar depositary receipts.

The fund may invest in unaffiliated exchange-traded funds, as well as may invest in derivatives.

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 process utilizes a blend strategy to invest in both growth and value stocks, or to stocks with characteristics of both.

Next, the research team invests in securities of foreign and U.S. companies.

The team prefers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the team, value companies are those that are trading at discounts to their estimated intrinsic value and have the potential for capital appreciation.

Growth companies are those that exhibit rapid gains in earnings and demonstrate the ability to continue profit growth at a high level.

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 at least 40% of its net assets in securities of non-U.S. companies.

Also, the fund invests in companies located in at least three countries outside of the U.S.

The fund invests in foreign companies whose securities may be traded on U.S. or non-U.S. securities exchanges, may be denominated in the U.S. dollar or other currencies, and may include American Depositary Receipts and other similar depositary receipts.

The fund may invest in unaffiliated exchange-traded funds, as well as may invest in derivatives.

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 process utilizes a blend strategy to invest in both growth and value stocks, or to stocks with characteristics of both.

Next, the research team invests in securities of foreign and U.S. companies.

The team prefers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the team, value companies are those that are trading at discounts to their estimated intrinsic value and have the potential for capital appreciation.

Growth companies are those that exhibit rapid gains in earnings and demonstrate the ability to continue profit growth at a high level.

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 at least 40% of its net assets in securities of non-U.S. companies.

Also, the fund invests in companies located in at least three countries outside of the U.S.

The fund invests in foreign companies whose securities may be traded on U.S. or non-U.S. securities exchanges, may be denominated in the U.S. dollar or other currencies, and may include American Depositary Receipts and other similar depositary receipts.

The fund may invest in unaffiliated exchange-traded funds, as well as may invest in derivatives.

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 process utilizes a blend strategy to invest in both growth and value stocks, or to stocks with characteristics of both.

Next, the research team invests in securities of foreign and U.S. companies.

The team prefers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the team, value companies are those that are trading at discounts to their estimated intrinsic value and have the potential for capital appreciation.

Growth companies are those that exhibit rapid gains in earnings and demonstrate the ability to continue profit growth at a high level.

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 at least 40% of its net assets in securities of non-U.S. companies.

Also, the fund invests in companies located in at least three countries outside of the U.S.

The fund invests in foreign companies whose securities may be traded on U.S. or non-U.S. securities exchanges, may be denominated in the U.S. dollar or other currencies, and may include American Depositary Receipts and other similar depositary receipts.

The fund may invest in unaffiliated exchange-traded funds, as well as may invest in derivatives.

The fund’s primary objective is to generate current income through investing in stocks around the world including in the U.S.

The fund is sub-advised by Epoch Investment Partners, Inc with a focus on locating stocks with attractive dividend yield and positive growth in operating cash flow.

The investment process segregates companies with growing cash flows and management focused on creating shareholder value through internal reinvestments, acquisitions, stock repurchase, debt reduction and increasing dividend.

The primarily invests in large cap companies with the U.S. accounting for more than 55% of all investments. The fund is geographically diversified in developed countries in Asia and Europe.

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 securities of U.S. and foreign companies exhibiting long-term growth potential.

The fundamental investment approach combines top-down macro-economic analysis with bottom-up company and security analysis to identify attractive opportunities.

The top-down analysis begins with an assessment of macro-economic factors such as global and U.S. GDP levels and direction, interest rates, inflationary and deflationary forces, employment, fiscal and monetary policy.

Other factors in consideration would be the trade policy, currency movements, credit conditions, demographic trends, the regulatory environment, and the global competitive landscape.

Through this top-down analysis, the team seeks to identify the most attractive global investment opportunities, sector and industry trends, industry consolidation, and the sustainability of financial trends.

Next, the research process is driven by fundamental analysis of one stock at a time. In the bottom-up analysis, the research team focuses on companies that demonstrate earnings growth potential not yet recognized by the market.

The analysis also includes evaluating a company’s market share position; brand franchise, sustainability, and pricing power, scale and distribution, and fundamentals.

The analysis also considers whether a company is operated by management teams that are committed to shareholder interests, and looks for transformational catalysts such as a major new innovative product or new management team.

As part of the bottom-up analysis, the research team may communicate with a company’s management, and also prepare detailed earnings and cash flow models of certain 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 portfolio typically owns three types of companies, namely core growth, aggressive growth, and life cycle change.

According to the team, core growth companies are well-established seasoned companies with relatively predictable future earnings growth rates.

Aggressive growth companies are innovative companies that may produce rapidly accelerating earnings growth in excess of overall market performance.

Life cycle change companies are companies that are undergoing a positive transformational change in their business model that serve as a catalyst for substantially improved earnings growth in the future.

Also, the fund may invest in companies that are economically tied to any countries or markets throughout the world, including securities of companies economically tied to emerging markets.

Additionally, the fund will invest significantly (generally, at least 40% of its net assets) in the securities of issuers organized or located outside the U.S. or doing business outside the U.S. However, (when market conditions are not deemed favorable), the fund invests at least 30% of its net assets in such foreign securities.

The fund will invest its assets in various regions and countries, including the U.S., that encompass not less than three different countries overall.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 companies in the U.S. and foreign countries.

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current valuations.

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 without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

Typically, the fund invests in a number of different countries.

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 equity securities which include common stocks, equity interests in real estate investment trusts  and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.

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.

In addition, the team utilizes a strategy based on blending fundamental and quantitative research.

The team utilizes fundamental analysis of individual issuers to determine a fundamental rating for an issuer, and also employs quantitative analysis to determine a quantitative rating for an issuer.

Next, the team combines the fundamental rating with the quantitative rating to create a blended rating for an issuer.

The team then eliminates the most volatile securities on the basis of historical volatility.

Additionally, the team considers the blended rating, as well as issuer, industry, sector weightings, and volatility when constructing the portfolio.

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 net assets in U.S. and foreign securities, including emerging market securities.

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

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.
 

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 equity securities which include common stocks, equity interests in real estate investment trusts  and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.

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.

In addition, the team utilizes a strategy based on blending fundamental and quantitative research.

The team utilizes fundamental analysis of individual issuers to determine a fundamental rating for an issuer, and also employs quantitative analysis to determine a quantitative rating for an issuer.

Next, the team combines the fundamental rating with the quantitative rating to create a blended rating for an issuer.

The team then eliminates the most volatile securities on the basis of historical volatility.

Additionally, the team considers the blended rating, as well as issuer, industry, sector weightings, and volatility when constructing the portfolio.

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 net assets in U.S. and foreign securities, including emerging market securities.

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

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.
 

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 equity securities which include common stocks, equity interests in real estate investment trusts  and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.

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.

In addition, the team utilizes a strategy based on blending fundamental and quantitative research.

The team utilizes fundamental analysis of individual issuers to determine a fundamental rating for an issuer, and also employs quantitative analysis to determine a quantitative rating for an issuer.

Next, the team combines the fundamental rating with the quantitative rating to create a blended rating for an issuer.

The team then eliminates the most volatile securities on the basis of historical volatility.

Additionally, the team considers the blended rating, as well as issuer, industry, sector weightings, and volatility when constructing the portfolio.

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 net assets in U.S. and foreign securities, including emerging market securities.

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

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.
 

The fund seeks capital appreciation in the long term 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 in U.S. and non-U.S. companies.

The team utilizes both a top-down and a bottom-up stock selection process to identify companies with attractive valuations, above-average appreciation potential and competitive dividend yields.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team combines quantitative models and fundamental research.

The research team employs a sector-neutral factor model that is broadly grouped into four categories such as momentum/risk, valuation, quality and growth to help identify market drivers.

The team then couples the model’s output with in-depth analysis of individual stocks based on internal and external research.

In addition, the team integrates sustainability analysis as a part of its investment process. The sustainability analysis is inclusive of environmental; social and human capital, and business model, innovation, leadership and governance issues.

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 holds between 15 and 20 global companies.

The fund seeks to optimize factor tilts (e.g., growth vs. value, large cap vs. small cap) utilizing factor models that are driving the market.

The fund seeks capital appreciation in the long term 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 in U.S. and non-U.S. companies.

The team utilizes both a top-down and a bottom-up stock selection process to identify companies with attractive valuations, above-average appreciation potential and competitive dividend yields.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team combines quantitative models and fundamental research.

The research team employs a sector-neutral factor model that is broadly grouped into four categories such as momentum/risk, valuation, quality and growth to help identify market drivers.

The team then couples the model’s output with in-depth analysis of individual stocks based on internal and external research.

In addition, the team integrates sustainability analysis as a part of its investment process. The sustainability analysis is inclusive of environmental; social and human capital, and business model, innovation, leadership and governance issues.

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 holds between 30 and 60 global companies.

The fund seeks to optimize factor tilts (e.g., growth vs. value, large cap vs. small cap) utilizing factor models that are driving the market.

The fund seeks capital appreciation in the long term 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 in U.S. and non-U.S. companies.

The team utilizes both a top-down and a bottom-up stock selection process to identify companies with attractive valuations, above-average appreciation potential and competitive dividend yields.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team combines quantitative models and fundamental research.

The research team employs a sector-neutral factor model that is broadly grouped into four categories such as momentum/risk, valuation, quality and growth to help identify market drivers.

The team then couples the model’s output with in-depth analysis of individual stocks based on internal and external research.

In addition, the team integrates sustainability analysis as a part of its investment process. The sustainability analysis is inclusive of environmental; social and human capital, and business model, innovation, leadership and governance issues.

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 holds between 30 and 60 global companies.

The fund seeks to optimize factor tilts (e.g., growth vs. value, large cap vs. small cap) utilizing factor models that are driving the market.

The fund seeks capital appreciation in the long term 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 in U.S. and non-U.S. companies.

The team utilizes both a top-down and a bottom-up stock selection process to identify companies with attractive valuations, above-average appreciation potential and competitive dividend yields.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team combines quantitative models and fundamental research.

The research team employs a sector-neutral factor model that is broadly grouped into four categories such as momentum/risk, valuation, quality and growth to help identify market drivers.

The team then couples the model’s output with in-depth analysis of individual stocks based on internal and external research.

In addition, the team integrates sustainability analysis as a part of its investment process. The sustainability analysis is inclusive of environmental; social and human capital, and business model, innovation, leadership and governance issues.

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 holds between 30 and 60 global companies.

The fund seeks to optimize factor tilts (e.g., growth vs. value, large cap vs. small cap) utilizing factor models that are driving the market.

The fund seeks capital appreciation in the long term 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 in U.S. and non-U.S. companies.

The team utilizes both a top-down and a bottom-up stock selection process to identify companies with attractive valuations, above-average appreciation potential and competitive dividend yields.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team combines quantitative models and fundamental research.

The research team employs a sector-neutral factor model that is broadly grouped into four categories such as momentum/risk, valuation, quality and growth to help identify market drivers.

The team then couples the model’s output with in-depth analysis of individual stocks based on internal and external research.

In addition, the team integrates sustainability analysis as a part of its investment process. The sustainability analysis is inclusive of environmental; social and human capital, and business model, innovation, leadership and governance issues.

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 holds between 30 and 60 global companies.

The fund seeks to optimize factor tilts (e.g., growth vs. value, large cap vs. small cap) utilizing factor models that are driving the market.

The fund seeks capital appreciation in the long term by investing in 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 invests in securities of issuers located throughout the world.

The team focuses on high-quality companies with sustainable and high returns on operating capital with dominant franchises, powerful intangible assets, and pricing power.

In addition, the team prefers companies with proven management teams that are able to allocate capital prudently to grow the franchise and improve the returns on operating capital.

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.

In considering sustainability impact, the manager may consider greenhouse gas (GHG) emissions intensity that is significantly lower than that of the reference universe.

The fund will exclude any company that has any tie to fossil fuels (such as oil, gas and coal), and whose core business activity involves energy, construction materials, gas and electric utilities (excluding renewable energy and water utilities), or metals and mining.

Next, the remaining issuers will then be ranked according to their GHG emissions intensity estimates, and those with the highest GHG emissions intensity will be excluded from the reference universe.

In addition, the fund excludes companies engaged in businesses such as tobacco, alcohol, adult entertainment, gambling, civilian firearms; or weapons.

Also, the fund will not invest in any company that has been excluded from the MSCI World ex Controversial Weapons Index due to its involvement with controversial weapons.

The fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities.

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.

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.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies outside the United States.

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.

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 equity securities.

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 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 focuses on securities of U.S. and non-U.S. companies.

Then the team prefers companies that are trading at discounts to their estimated intrinsic value.

In addition, the team looks for companies with free cash flows and that invest excess cash prudently.

Also, the team visits companies and conducts other research on the companies and their industries.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team utilizes independent, in-house research to analyze each company.

Also, the team visit companies and conduct other research on the companies and their industries.

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 holds 30 to 60 stocks, and as a result, a higher percentage of the fund’s net assets may at times be invested in a particular region, sector or industry.

Generally, the fund will invest in the securities of companies located in at least three countries. However, there are no geographic limits on the fund’s non-U.S. investments.

Typically, the fund invests between 25% and 75% of its net assets in securities of U.S. companies and between 25% and 75% of its net assets in securities of non-U.S. companies.

The fund may invest in securities of companies located in developed or emerging markets, such as the Asia-Pacific region, Eastern Europe, the Middle East, Central and South America, and Africa.

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in companies across any size outside the United States.

The fund utilizes a representative sampling strategy to weight companies with more favorable characteristics with respect to women’s leadership (e.g., number of women in executive positions or on the board of directors).

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 component securities of the Impax Global Women’s Leadership Index (Women’s Index) and in American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts representing the component securities of the Women’s Index.

Additionally, the 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.

In addition, the fund invests at least 40% (or, if the manager deems market conditions are not favorable, at least 30%) of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States.

The fund has the flexibility to invest in growth and value securities.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents.

The fund may invest in emerging markets and generally will be diversified across multiple countries or geographic regions.

Additionally, the fund may take significant positions in one or more sectors, including the financial services sector and the information technology sector.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in companies across any size outside the United States.

The fund utilizes a representative sampling strategy to weight companies with more favorable characteristics with respect to women’s leadership (e.g., number of women in executive positions or on the board of directors).

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 component securities of the Impax Global Women’s Leadership Index (Women’s Index) and in American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts representing the component securities of the Women’s Index.

Additionally, the 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.

In addition, the fund invests at least 40% (or, if the manager deems market conditions are not favorable, at least 30%) of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States.

The fund has the flexibility to invest in growth and value securities.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents.

The fund may invest in emerging markets and generally will be diversified across multiple countries or geographic regions.

Additionally, the fund may take significant positions in one or more sectors, including the financial services sector and the information technology sector.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

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 companies whose businesses and technologies focus on environmental markets, including alternative energy and energy efficiency; water infrastructure technologies and pollution control; environmental support services and waste management technologies; and sustainable food, agriculture and forestry.

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 positive overall environmental performance.

The team also prefers companies whose products or services help other companies and countries improve their environmental performance.

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 has the flexibility to invest in growth or value stocks or a combination of both.

The fund will invest in securities of companies located around the world, including at least 40% of its net assets in securities of non-U.S. issuers, including those located in emerging markets.

In addition, the fund’s investments may be diversified across multiple countries or geographic regions, or may be focused on a select geographic region, although the fund will normally have investments in a minimum of three countries other than the United States.

Also, the fund seeks to avoid investing in companies with significant environmental problems or worsening environmental profiles.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

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 companies that will benefit from the transition to a more sustainable global economy, which seeks to preserves ecological and societal balance for the benefit of future generations.

The team seeks to invest in companies with durable business models that are well positioned to benefit from or avoid the risks associated with this transition.

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 durable competitive advantages, track records of consistent returns on investment, and whose future earnings power is not reflected in their current valuations.

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 typically will hold between 35 and 45 securities position.

Also, the fund has the flexibility to invest in growth or value stocks or a combination of both.

The fund will invest in securities of companies located around the world, including at least 40% of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States, including those located in emerging markets.

In addition, the fund’s investments may be diversified across multiple countries or geographic regions, or may be focused on a select geographic region, although the fund will normally have investments in a minimum of three countries other than the United States.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

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 companies that will benefit from the transition to a more sustainable global economy, which seeks to preserves ecological and societal balance for the benefit of future generations.

The team seeks to invest in companies with durable business models that are well positioned to benefit from or avoid the risks associated with this transition.

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 durable competitive advantages, track records of consistent returns on investment, and whose future earnings power is not reflected in their current valuations.

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 typically will hold between 35 and 45 securities position.

Also, the fund has the flexibility to invest in growth or value stocks or a combination of both.

The fund will invest in securities of companies located around the world, including at least 40% of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States, including those located in emerging markets.

In addition, the fund’s investments may be diversified across multiple countries or geographic regions, or may be focused on a select geographic region, although the fund will normally have investments in a minimum of three countries other than the United States.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

The fund seeks capital appreciation in the long term and dividend 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 equity and equity-related securities.

The team evaluates companies on the basis of factors such as value, cash flow, earnings growth and sentiment.

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.

Region, country and sector allocations are based on rankings generated by the proprietary models.

Additionally, the fund seeks investment opportunities anywhere in the world, and invests in at least three countries, which may include the United States.

The fund may invest up to 25% of its net assets in emerging market issuers.

The fund seeks capital appreciation in the long term and dividend 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 equity and equity-related securities.

The team evaluates companies on the basis of factors such as value, cash flow, earnings growth and sentiment.

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.

Region, country and sector allocations are based on rankings generated by the proprietary models.

Additionally, the fund seeks investment opportunities anywhere in the world, and invests in at least three countries, which may include the United States.

The fund may invest up to 25% of its net assets in emerging market issuers.

The fund seeks capital appreciation in the long term and dividend 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 equity and equity-related securities.

The team evaluates companies on the basis of factors such as value, cash flow, earnings growth and sentiment.

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.

Region, country and sector allocations are based on rankings generated by the proprietary models.

Additionally, the fund seeks investment opportunities anywhere in the world, and invests in at least three countries, which may include the United States.

The fund may invest up to 25% of its net assets in emerging market issuers.

The fund seeks capital appreciation in the long term and dividend 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 equity and equity-related securities.

The team evaluates companies on the basis of factors such as value, cash flow, earnings growth and sentiment.

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.

Region, country and sector allocations are based on rankings generated by the proprietary models.

Additionally, the fund seeks investment opportunities anywhere in the world, and invests in at least three countries, which may include the United States.

The fund may invest up to 25% of its net assets in emerging market issuers.

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

The fund manages assets with the help of seven sub-advisers namely Brandywine Global Investment Management, LLC, Coho Partners, Ltd., Copeland Capital Management, LLC, EARNEST Partners LLC, Fred Alger Management, LLC, Parametric Portfolio Associates LLC, and Snow Capital Management, L.P.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The sub-advisers’ 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 companies demonstrating long-term growth potential.

The team seeks to make investment decisions consistent with the principles of the Catholic Church with respect to a range of social and moral concerns.

These social and moral concerns may include protecting human life, promoting human dignity, reducing arms production, pursuing economic justice, protecting the environment, and encouraging corporate responsibility. This will be accomplished through the reliance on the principles contained in the United States Conference of Catholic Bishops' Socially Responsible Investing Guidelines.

In selecting potential investments, the team prefers companies with financial strength and then evaluated according to the fund's social criteria.

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.

Next, the overlay manager constructs a portfolio that represents the aggregation of the model portfolios of the sub-advisers.

The fund invests in securities of domestic companies, but may also; invest in securities of foreign companies, which may include companies in emerging markets.

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

The fund manages assets with the help of seven sub-advisers namely Brandywine Global Investment Management, LLC, Coho Partners, Ltd., Copeland Capital Management, LLC, EARNEST Partners LLC, Fred Alger Management, LLC, Parametric Portfolio Associates LLC, and Snow Capital Management, L.P.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The sub-advisers’ 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 companies demonstrating long-term growth potential.

The team seeks to make investment decisions consistent with the principles of the Catholic Church with respect to a range of social and moral concerns.

These social and moral concerns may include protecting human life, promoting human dignity, reducing arms production, pursuing economic justice, protecting the environment, and encouraging corporate responsibility. This will be accomplished through the reliance on the principles contained in the United States Conference of Catholic Bishops' Socially Responsible Investing Guidelines.

In selecting potential investments, the team prefers companies with financial strength and then evaluated according to the fund's social criteria.

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.

Next, the overlay manager constructs a portfolio that represents the aggregation of the model portfolios of the sub-advisers.

The fund invests in securities of domestic companies, but may also; invest in securities of foreign companies, which may include companies in emerging markets.

The fund seeks capital appreciation by investing in companies across any size outside the United States.

The fund utilizes a multi-manager approach, relying on a number of sub-advisers with differing investment strategies to manage portions of the fund’s portfolio.

The fund manages assets with the help of 11 sub-advisers namely AS Trigon Asset Management, Fiera Capital Inc, Fondsmæglerselskabet Maj Invest A/S, Intech Investment Management LLC,LSV Asset Management, Mackenzie Investments Corporation, Metropole Gestion SA, Poplar Forest Capital LLC, Rhicon Currency Management Pte Ltd, Sompo Asset Management Co., Ltd., and Towle & Co.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The sub-advisers’ 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 U.S. and foreign 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 will invest in securities of foreign issuers located in developed or emerging market countries, including frontier markets.

Also, the fund may invest in securities denominated in U.S. dollars or foreign currency.

The manager may attempt to take advantage of certain inefficiencies in the currency exchange market, to increase the fund’s exposure to a foreign currency or to shift exposure to foreign currency fluctuations from one currency to another.

The fund estimates to invest at least 40% of its assets in the securities of companies that are tied economically to at least three countries outside the U.S.

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 established companies throughout the world, including the U.S.

However, the research process is driven by fundamental analysis of one stock at a time.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team prefers companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow, and sound or improving balance sheet.

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 is diversified across industries in developed and, emerging markets.

Also, the fund invests in at least five countries, one of which is the U.S.

The fund invests at least 40% of its net assets in companies outside the U.S. (at least 30% if foreign market conditions are not favorable).

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap growth stocks.

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 established companies throughout the world, including the U.S.

However, the research process is driven by fundamental analysis of one stock at a time.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team prefers companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow, and sound or improving balance sheet.

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 is diversified across industries in developed and, emerging markets.

Also, the fund invests in at least five countries, one of which is the U.S.

The fund invests at least 40% of its net assets in companies outside the U.S. (at least 30% if foreign market conditions are not favorable).

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap growth stocks.

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 established companies throughout the world, including the U.S.

However, the research process is driven by fundamental analysis of one stock at a time.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team prefers companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow, and sound or improving balance sheet.

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 is diversified across industries in developed and, emerging markets.

Also, the fund invests in at least five countries, one of which is the U.S.

The fund invests at least 40% of its net assets in companies outside the U.S. (at least 30% if foreign market conditions are not favorable).

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap growth stocks.

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 equity securities.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team employs a quantitative management strategy.

The team focuses on companies on the basis of returns on equity, capital expenditure, and projected growth rates.

In addition, the team also focuses on valuation multiples such as earnings, cash flows, and book value.

The team ranks stocks on the basis of their relative valuation, profitability, stability, earnings quality, management capital allocations actions, and indicators of near term appreciation potential.

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 at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not favorable) in companies outside the U.S., including securities of emerging market issuers.

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap companies.

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 equity securities.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team employs a quantitative management strategy.

The team focuses on companies on the basis of returns on equity, capital expenditure, and projected growth rates.

In addition, the team also focuses on valuation multiples such as earnings, cash flows, and book value.

The team ranks stocks on the basis of their relative valuation, profitability, stability, earnings quality, management capital allocations actions, and indicators of near term appreciation potential.

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 at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not favorable) in companies outside the U.S., including securities of emerging market issuers.

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap companies.

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 companies located anywhere in the world, including developing markets.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on fundamental analysis to focus on the market price of a company’s securities relative to its long-term earnings, asset value and cash flow potential.

In addition, the team considers a company’s valuation multiple such as earnings and cash flow, as well as profit margins and liquidation 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.

From time to time, based on economic conditions, the fund may have significant positions in particular regions, countries or sectors.

The fund seeks long-term capital appreciation by investing in companies around the world including the United States.

The fund starts with a list of companies in the benchmark index and then the research team with the help of quantitative research narrows the investable universe to include companies that meet hurdles on debt, earnings, cash flow, and growth.

The team then conducts a detailed review of financial statements including a broad set of sustainability ESG issues including board diversity, climate change policies, and supply chain and human rights policies.

ESG criteria vary from industry by industry and the fund prefers to invest in companies with a proven track record of financial success and are leaders in implementing ESG policies and offer above-average growth potential.

The fund generally invests 50%, and at least 40% of its total assets in securities issued by foreign companies.

The fund seeks capital appreciation in the long term 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.

The process employs a fund of funds strategy.

Next, the research team invests in a selection of affiliated mutual funds and exchange-traded funds (underlying affiliated funds).

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 underlying affiliated funds focus on investing in equity securities over the long-term.
 

The fund seeks capital appreciation by investing in companies across all market capitalizations in the U.S. and outside.

The fund combines top-down research, macro-economic views and bottom-up stock picking. The fund considers investment climate for each region and country, regulatory developments and sector dynamics across several industries.

The investment process is designed to highlight companies that can sustain growth in the long-term. The quantitative part of the process screens for companies with an attractive track record of earnings, revenues and return on capital. Qualitative part of the research focuses on understanding primary drivers and quality of earnings.

Understanding company valuation is an important part of the investment process.

Generally the fund has about 50% of its total investments in the U.S. and 15% in the U.K., France, Italy and Switzerland and 8% in Japan.

The fund seeks capital appreciation by investing in companies across all market capitalizations in the U.S. and outside.

The fund combines top-down research, macro-economic views and bottom-up stock picking. The fund considers investment climate for each region and country, regulatory developments and sector dynamics across several industries.

The investment process is designed to highlight companies that can sustain growth in the long-term. The quantitative part of the process screens for companies with an attractive track record of earnings, revenues and return on capital. Qualitative part of the research focuses on understanding primary drivers and quality of earnings.

Understanding company valuation is an important part of the investment process.

Generally the fund has about 50% of its total investments in the U.S. and 15% in the U.K., France, Italy and Switzerland and 8% in Japan.

The fund seeks capital appreciation by investing in companies across all market capitalizations in the U.S. and outside.

The fund combines top-down research, macro-economic views and bottom-up stock picking. The fund considers investment climate for each region and country, regulatory developments and sector dynamics across several industries.

The investment process is designed to highlight companies that can sustain growth in the long-term. The quantitative part of the process screens for companies with an attractive track record of earnings, revenues and return on capital. Qualitative part of the research focuses on understanding primary drivers and quality of earnings.

Understanding company valuation is an important part of the investment process.

Generally the fund has about 50% of its total investments in the U.S. and 15% in the U.K., France, Italy and Switzerland and 8% in Japan.

The fund seeks capital appreciation by investing in companies across all market capitalizations in the U.S. and outside.

The fund combines top-down research, macro-economic views and bottom-up stock picking. The fund considers investment climate for each region and country, regulatory developments and sector dynamics across several industries.

The investment process is designed to highlight companies that can sustain growth in the long-term. The quantitative part of the process screens for companies with an attractive track record of earnings, revenues and return on capital. Qualitative part of the research focuses on understanding primary drivers and quality of earnings.

Understanding company valuation is an important part of the investment process.

Generally the fund has about 50% of its total investments in the U.S. and 15% in the U.K., France, Italy and Switzerland and 8% in Japan.

The fund seeks capital appreciation in the long term by investing in 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.

The process employs a fund of funds strategy and invests in various affiliated and unaffiliated mutual funds and exchange-traded funds (Underlying Funds).

The Underlying Funds employ different and complementary investment styles to provide potential for growth.

Next, the research team invests in equity securities (through investment in Underlying Funds).

As part of the quantitative analysis, the team relies on proprietary asset allocation models, which employ various valuation techniques.

However, qualitative judgments are made based on assessments of factors, such as economic conditions, corporate earnings, monetary policy, market valuations, investor sentiment, and market technicals.

In addition, the team incorporates a futures overlay strategy that contains two specific risk management components, namely Volatility Management Overlay (VMO) and Put Replication Overlay (PRO).

The Volatility Management Overlay may increase exposures to a given asset class under certain market conditions while decreasing exposure during others.

The Put Replication Overlay is a structured hedging component designed to buffer the fund against portfolio losses.

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.

Additionally, the fund may invest up to 20% of its net assets in bond or alternative-style asset classes (through investment in Underlying Funds)