The fund seeks capital appreciation by investing in companies in the United States and international markets.

The fund targets to blend a combination of stocks and alternative return strategy based investments to create a growth-focused fund.

The fund attempts to achieve this by investing directly in U.S. large capitalization companies and achieving exposure to large- and mid-size companies in international markets through other funds managed by its affiliates.

Portfolio management seeks to minimize impact of taxes on shareholders’ returns by employing strategies including tax impact of buy and sell decisions, minimizing capital gains distributions, deciding to take capital gains as short- or long-term.

The fund seeks capital appreciation 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 located in developed countries world-wide (including the United States).

The team may also invest in emerging market countries.

In addition, the team prefers stocks of companies that have the potential to increase in value over time.

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

The team emphasizes companies whose earnings and revenues are growing at an accelerating pace.

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

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

The portfolio holds between 30 and 50 companies.

The fund seeks capital appreciation 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 located in developed countries world-wide (including the United States).

The team may also invest in emerging market countries.

In addition, the team prefers stocks of companies that have the potential to increase in value over time.

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

The team emphasizes companies whose earnings and revenues are growing at an accelerating pace.

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

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

The portfolio holds between 30 and 50 companies.

The fund seeks capital appreciation 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 located in developed countries world-wide (including the United States).

The team may also invest in emerging market countries.

In addition, the team prefers stocks of companies that have the potential to increase in value over time.

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

The team emphasizes companies whose earnings and revenues are growing at an accelerating pace.

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

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

The portfolio holds between 30 and 50 companies.

The fund seeks capital appreciation 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 located in developed countries world-wide (including the United States).

The team may also invest in emerging market countries.

In addition, the team prefers stocks of companies that have the potential to increase in value over time.

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

The team emphasizes companies whose earnings and revenues are growing at an accelerating pace.

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

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

The portfolio holds between 30 and 50 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.

Next, the research team invests significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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 significantly in issuers domiciled outside the United States.

The strategy seeks to invest in a mix of American Funds in different combinations and weightings.

The team seeks to create a combination of underlying funds that complement each other. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks.

As part of the process, the team considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments.

The team also focuses on current market conditions and the investment positions of the underlying funds.

In addition, the team may also invest in growth-and-income 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 fund may also have exposure to smaller capitalization issuers and issuers domiciled in emerging markets.

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in US and non-US growth companies, including depositary receipts.

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

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

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

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

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

The portfolio typically has approximately between 30 and 50 holdings.

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in US and non-US growth companies, including depositary receipts.

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

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

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

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

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

The portfolio typically has approximately between 30 and 50 holdings.

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in US and non-US growth companies, including depositary receipts.

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

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

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

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

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

The portfolio typically has approximately between 30 and 50 holdings.

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

The fund seeks capital appreciation 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 of issuers located in countries of developed and emerging markets.

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 company research and the long-term outlook of companies and industries.

In addition, the process includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Other factors in consideration when assessing companies include long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

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 securities of between 70 and 120 growth companies that have the potential to outperform the benchmark over the long term.

Additionally, the fund aims to hold securities for long periods, typically 5 years.

The fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East.

Generally, the fund invests in securities of issuers located in at least three different countries.

In addition, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S. when market conditions are favorable.

However, when market conditions are not favorable, the fund will invest at least 30% of its net assets in companies located outside the U.S.

Additionally, the fund may participate in initial public offerings and in securities offerings that are not registered in the U.S.

The fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies.

The fund seeks capital appreciation 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 of issuers located in countries of developed and emerging markets.

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 company research and the long-term outlook of companies and industries.

In addition, the process includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Other factors in consideration when assessing companies include long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

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 securities of between 70 and 120 growth companies that have the potential to outperform the benchmark over the long term.

Additionally, the fund aims to hold securities for long periods, typically 5 years.

The fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East.

Generally, the fund invests in securities of issuers located in at least three different countries.

In addition, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S. when market conditions are favorable.

However, when market conditions are not favorable, the fund will invest at least 30% of its net assets in companies located outside the U.S.

Additionally, the fund may participate in initial public offerings and in securities offerings that are not registered in the U.S.

The fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies.

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 global equity securities of issuers located in at least six different countries.

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 company research and the long-term outlook of companies and industries.

In addition, the process includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Other factors in consideration when assessing companies include long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

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 securities of between 30 and 60 growth companies.

Additionally, the fund aims to hold securities for long periods, typically 5 to 10 years.

In addition, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S. when market conditions are favorable.

However, when market conditions are not favorable, the fund will invest at least 30% of its net assets in companies located outside the U.S.

Also, the fund may invest in issuers located in emerging markets.

The fund estimates to have considerable exposure to Chinese companies including through China A shares.

The fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors.

Additionally, the fund may participate in initial public offerings and in securities offerings that are not registered in the U.S.

The fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies.
 

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 global equity securities of issuers located in at least six different countries.

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 company research and the long-term outlook of companies and industries.

In addition, the process includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Other factors in consideration when assessing companies include long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

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 securities of between 30 and 60 growth companies.

Additionally, the fund aims to hold securities for long periods, typically 5 to 10 years.

In addition, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S. when market conditions are favorable.

However, when market conditions are not favorable, the fund will invest at least 30% of its net assets in companies located outside the U.S.

Also, the fund may invest in issuers located in emerging markets.

The fund estimates to have considerable exposure to Chinese companies including through China A shares.

The fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors.

Additionally, the fund may participate in initial public offerings and in securities offerings that are not registered in the U.S.

The fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies.
 

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 global equity securities of issuers located in at least six different countries.

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 company research and the long-term outlook of companies and industries.

In addition, the process includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Other factors in consideration when assessing companies include long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

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 securities of between 30 and 60 growth companies.

Additionally, the fund aims to hold securities for long periods, typically 5 to 10 years.

In addition, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S. when market conditions are favorable.

However, when market conditions are not favorable, the fund will invest at least 30% of its net assets in companies located outside the U.S.

Also, the fund may invest in issuers located in emerging markets.

The fund estimates to have considerable exposure to Chinese companies including through China A shares.

The fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors.

Additionally, the fund may participate in initial public offerings and in securities offerings that are not registered in the U.S.

The fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies.
 

The fund seeks to invest in growth companies around the world.

The fund primarily invests in large- and mid-cap companies in developed and emerging markets that are having sustainable competitive advantage but are also beneficiary of disruptive change on a global scale.

The bottom up research process focuses on discovering fast growing companies operating on a global scale and generating stable or rising free cash flow and managed by superior management teams.

The fund is primarily invested in technology, life sciences, interactive media, internet infrastructure builders or operators.

The fund seeks to invest in growth companies around the world.

The fund primarily invests in large- and mid-cap companies in developed and emerging markets that are having sustainable competitive advantage but are also beneficiary of disruptive change on a global scale.

The bottom up research process focuses on discovering fast growing companies operating on a global scale and generating stable or rising free cash flow and managed by superior management teams.

The fund is primarily invested in technology, life sciences, interactive media, internet infrastructure builders or operators.

The fund seeks to invest in growth companies around the world.

The fund primarily invests in large- and mid-cap companies in developed and emerging markets that are having sustainable competitive advantage but are also beneficiary of disruptive change on a global scale.

The bottom up research process focuses on discovering fast growing companies operating on a global scale and generating stable or rising free cash flow and managed by superior management teams.

The fund is primarily invested in technology, life sciences, interactive media, internet infrastructure builders or operators.

The fund of funds invests exclusively in other Baron mutual funds.

With the long term investing approach, the fund intends to shift allocation across other Baron funds among small to large cap funds, value to growth style funds, real estate to healthcare fund and international and global region funds.

The fund of funds invests exclusively in other Baron mutual funds.

With the long term investing approach, the fund intends to shift allocation across other Baron funds among small to large cap funds, value to growth style funds, real estate to healthcare fund and international and global region funds.

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 issuers from a variety of countries, including those in emerging markets.

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 allocates a substantial amount of its net assets in securities of foreign government issuers, or of issuers organized or located outside the United States, or of issuers which primarily trade in a market located outside the United States, or of issuers doing a substantial amount of business outside the United States.

Additionally, the fund will allocate its assets among various regions and countries, including the United States (but in no fewer than three different countries).

The fund may also invest in securities issued by emerging growth companies that demonstrate the potential for earnings growth over an extended period of time.

From time to time, the fund may invest in shares of companies through new issues or initial public offerings.

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.

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 issuers from a variety of countries, including those in emerging markets.

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 allocates a substantial amount of its net assets in securities of foreign government issuers, or of issuers organized or located outside the United States, or of issuers which primarily trade in a market located outside the United States, or of issuers doing a substantial amount of business outside the United States.

Additionally, the fund will allocate its assets among various regions and countries, including the United States (but in no fewer than three different countries).

The fund may also invest in securities issued by emerging growth companies that demonstrate the potential for earnings growth over an extended period of time.

From time to time, the fund may invest in shares of companies through new issues or initial public offerings.

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.

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 issuers from a variety of countries, including those in emerging markets.

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 allocates a substantial amount of its net assets in securities of foreign government issuers, or of issuers organized or located outside the United States, or of issuers which primarily trade in a market located outside the United States, or of issuers doing a substantial amount of business outside the United States.

Additionally, the fund will allocate its assets among various regions and countries, including the United States (but in no fewer than three different countries).

The fund may also invest in securities issued by emerging growth companies that demonstrate the potential for earnings growth over an extended period of time.

From time to time, the fund may invest in shares of companies through new issues or initial public offerings.

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.

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 focuses on securities of global companies that possess entrepreneurial characteristics.

The team believes that company managers with better entrepreneurial vision will select more efficient and more economically effective growth vehicles, without taking on undue risk.

In addition, the team prefers Entrepreneurial Companies that exhibit the potential for long-term capital appreciation.

The team narrows the investable universe to a list of companies exhibiting entrepreneurial characteristics, such as technology companies, investment companies or other financial service 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 at least 40% of its net assets in securities of companies domiciled or headquartered outside of the United States, or whose primary business activities or principal trading markets are located outside of the United States (Foreign Companies).

However, if the manager deems market conditions and/or company valuations to be less favorable to Foreign Companies, the fund will invest at least 30% of its net assets in Foreign Companies.

The fund may invest in a broad range of securities in both developed and emerging markets across different industry sectors.

Also, the fund will invest in at least three countries.

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.

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.

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.

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.

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.

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 primarily capital appreciation and secondarily current income 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 foreign and domestic issuers.

The team favors companies that demonstrate accelerated revenues and earnings growth and potential for above average capital appreciation.

In addition, the team considers companies that are estimated to trade below their fair values.

In selecting securities for the portfolio, the research team focuses on stocks that are attractively priced relative to their projected growth 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 invests in securities of issuers, or related investments thereof, located in at least three countries.

Also, the fund invests at least 40% of its net assets in securities of non-U.S. issuers or related investments thereof.

In addition, the portfolio is diversified by geographic region, industry sectors and individual issues within industry sectors.

The fund invests primarily in developed markets but may invest in emerging markets as well.

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 companies that are positioned for growth due to advances in technology, communications, globalism or innovative management.

Also, the team prefers companies that demonstrate the ability to create value through original thinking.

The fund considers companies in the world’s developed stock markets, such as the United States, the United Kingdom, Canada, Japan, Hong Kong, Singapore, Australia, New Zealand and other stock markets in the European Union.

Also, the fund may invest in emerging stock markets, such as in China, Korea, Taiwan, Malaysia, Thailand, South Africa and Mexico.

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 normally holds around 35 positions of approximately equal weight.

However, the fund may invest 40% of its net assets in global securities.

According to the investment team, global securities are securities issued by companies with significant business activities outside the U.S.

In addition, the fund has the flexibility to take temporary defensive positions in cash and cash equivalents, including money market funds, to respond to adverse market, economic, political or other conditions.

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 companies that are positioned for growth due to advances in technology, communications, globalism or innovative management.

Also, the team prefers companies that demonstrate the ability to create value through original thinking.

The fund considers companies in the world’s developed stock markets, such as the United States, the United Kingdom, Canada, Japan, Hong Kong, Singapore, Australia, New Zealand and other stock markets in the European Union.

Also, the fund may invest in emerging stock markets, such as in China, Korea, Taiwan, Malaysia, Thailand, South Africa and Mexico.

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 normally holds around 35 positions of approximately equal weight.

However, the fund may invest 40% of its net assets in global securities.

According to the investment team, global securities are securities issued by companies with significant business activities outside the U.S.

In addition, the fund has the flexibility to take temporary defensive positions in cash and cash equivalents, including money market funds, to respond to adverse market, economic, political or other conditions.

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 securities of U.S. and foreign companies.

In selecting securities for the portfolio, the research team focuses on companies that are estimated to trade below their fair values.

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

In addition, the team prefers value and growth companies.

Growth companies are companies whose earnings and stock prices are estimated to increase at a faster rate than the overall market.

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 between 35 and 55 stocks.

The fund can invest without limit in foreign securities in any country, including countries with developed or emerging markets.

Typically, the fund will invest a substantial portion of its net assets in issuers in a number of different foreign countries.

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 securities of U.S. and foreign companies.

In selecting securities for the portfolio, the research team focuses on companies that are estimated to trade below their fair values.

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

In addition, the team prefers value and growth companies.

Growth companies are companies whose earnings and stock prices are estimated to increase at a faster rate than the overall market.

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 between 35 and 55 stocks.

The fund can invest without limit in foreign securities in any country, including countries with developed or emerging markets.

Typically, the fund will invest a substantial portion of its net assets in issuers in a number of different foreign countries.

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 securities of U.S. and foreign companies.

In selecting securities for the portfolio, the research team focuses on companies that are estimated to trade below their fair values.

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

In addition, the team prefers value and growth companies.

Growth companies are companies whose earnings and stock prices are estimated to increase at a faster rate than the overall market.

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 between 35 and 55 stocks.

The fund can invest without limit in foreign securities in any country, including countries with developed or emerging markets.

Typically, the fund will invest a substantial portion of its net assets in issuers in a number of different foreign countries.

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 securities of U.S. and foreign companies.

In selecting securities for the portfolio, the research team focuses on companies that are estimated to trade below their fair values.

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

In addition, the team prefers value and growth companies.

Growth companies are companies whose earnings and stock prices are estimated to increase at a faster rate than the overall market.

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 between 35 and 55 stocks.

The fund can invest without limit in foreign securities in any country, including countries with developed or emerging markets.

Typically, the fund will invest a substantial portion of its net assets in issuers in a number of different foreign countries.

The fund seeks total return 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 open-end funds (commonly referred to as mutual funds), closed-end funds, and exchange-traded funds (collectively, the Underlying Funds).

The team generally categorizes each Underlying Fund as an equity, fixed-income, or alternative fund based on its investment profile.

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 allocates its assets among Underlying Funds, and within a pre-determined percentage range for its assets in equity funds.

The fund generally invests between 85% and 100% of its assets inequity funds. Such funds invest in equity securities of domestic and foreign companies, including small, medium and large market capitalization companies, and growth and value stocks.

Foreign equities are securities of issuers outside of the United States, including issuers in emerging or developing markets.

Underlying Funds also invest in real estate securities, listed infrastructure securities, and master limited partnerships.

The fund generally invests the remainder of its assets in a flexible combination of fixed-income and alternative funds.

Fixed-income funds generally invest in fixed income instruments such as investment-grade debt securities, below-investment-grade high yield securities, government and government-sponsored securities, corporate bonds, securitized products, and inflation-protected debt securities.

Alternative funds generally offer unique combinations of traditional equity securities and fixed-income securities or use alternative investment strategies, including primarily through the use of derivatives.

The fund may invest directly in derivatives to hedge its cash position and manage the duration of the fund’s portfolio, including but not limited to futures, total return swaps, and forward contracts.

In addition, the Fund will gain exposure to derivatives through its investments in Underlying Funds

The fund may hold a portion of its assets in cash, money market securities or other similar, liquid investments.

The fund seeks total return 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 open-end funds (commonly referred to as mutual funds), closed-end funds, and exchange-traded funds (collectively, the Underlying Funds).

The team generally categorizes each Underlying Fund as an equity, fixed-income, or alternative fund based on its investment profile.

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 allocates its assets among Underlying Funds, and within a pre-determined percentage range for its assets in equity funds.

The fund generally invests between 85% and 100% of its assets inequity funds. Such funds invest in equity securities of domestic and foreign companies, including small, medium and large market capitalization companies, and growth and value stocks.

Foreign equities are securities of issuers outside of the United States, including issuers in emerging or developing markets.

Underlying Funds also invest in real estate securities, listed infrastructure securities, and master limited partnerships.

The fund generally invests the remainder of its assets in a flexible combination of fixed-income and alternative funds.

Fixed-income funds generally invest in fixed income instruments such as investment-grade debt securities, below-investment-grade high yield securities, government and government-sponsored securities, corporate bonds, securitized products, and inflation-protected debt securities.

Alternative funds generally offer unique combinations of traditional equity securities and fixed-income securities or use alternative investment strategies, including primarily through the use of derivatives.

The fund may invest directly in derivatives to hedge its cash position and manage the duration of the fund’s portfolio, including but not limited to futures, total return swaps, and forward contracts.

In addition, the Fund will gain exposure to derivatives through its investments in Underlying Funds

The fund may hold a portion of its assets in cash, money market securities or other similar, liquid investments.

The fund seeks total return 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 open-end funds (commonly referred to as mutual funds), closed-end funds, and exchange-traded funds (collectively, the Underlying Funds).

The team generally categorizes each Underlying Fund as an equity, fixed-income, or alternative fund based on its investment profile.

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 allocates its assets among Underlying Funds, and within a pre-determined percentage range for its assets in equity funds.

The fund generally invests between 85% and 100% of its assets inequity funds. Such funds invest in equity securities of domestic and foreign companies, including small, medium and large market capitalization companies, and growth and value stocks.

Foreign equities are securities of issuers outside of the United States, including issuers in emerging or developing markets.

Underlying Funds also invest in real estate securities, listed infrastructure securities, and master limited partnerships.

The fund generally invests the remainder of its assets in a flexible combination of fixed-income and alternative funds.

Fixed-income funds generally invest in fixed income instruments such as investment-grade debt securities, below-investment-grade high yield securities, government and government-sponsored securities, corporate bonds, securitized products, and inflation-protected debt securities.

Alternative funds generally offer unique combinations of traditional equity securities and fixed-income securities or use alternative investment strategies, including primarily through the use of derivatives.

The fund may invest directly in derivatives to hedge its cash position and manage the duration of the fund’s portfolio, including but not limited to futures, total return swaps, and forward contracts.

In addition, the Fund will gain exposure to derivatives through its investments in Underlying Funds

The fund may hold a portion of its assets in cash, money market securities or other similar, liquid investments.

The fund seeks total return 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 open-end funds (commonly referred to as mutual funds), closed-end funds, and exchange-traded funds (collectively, the Underlying Funds).

The team generally categorizes each Underlying Fund as an equity, fixed-income, or alternative fund based on its investment profile.

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 allocates its assets among Underlying Funds, and within a pre-determined percentage range for its assets in equity funds.

The fund generally invests between 85% and 100% of its assets inequity funds. Such funds invest in equity securities of domestic and foreign companies, including small, medium and large market capitalization companies, and growth and value stocks.

Foreign equities are securities of issuers outside of the United States, including issuers in emerging or developing markets.

Underlying Funds also invest in real estate securities, listed infrastructure securities, and master limited partnerships.

The fund generally invests the remainder of its assets in a flexible combination of fixed-income and alternative funds.

Fixed-income funds generally invest in fixed income instruments such as investment-grade debt securities, below-investment-grade high yield securities, government and government-sponsored securities, corporate bonds, securitized products, and inflation-protected debt securities.

Alternative funds generally offer unique combinations of traditional equity securities and fixed-income securities or use alternative investment strategies, including primarily through the use of derivatives.

The fund may invest directly in derivatives to hedge its cash position and manage the duration of the fund’s portfolio, including but not limited to futures, total return swaps, and forward contracts.

In addition, the Fund will gain exposure to derivatives through its investments in Underlying Funds

The fund may hold a portion of its assets in cash, money market securities or other similar, liquid investments.

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 stocks of U.S. and foreign companies (including depositary receipts of foreign issuers).

The team focuses on companies that are competitively well-positioned, gaining market share, have long-term growth potential, and/or operate in regions or countries that possess attractive growth characteristics.

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 superior companies that possess a unique, sustainable competitive advantage.

In addition, the team considers factors such as a company’s competitive position and its sustainability, growth and earnings potential and valuation, financials, management of the company, and strength of the industry.

Other factors in consideration are the company’s total addressable market, margin trends, switching costs, control of distribution channels, brand equity, and applicable economic, market and political conditions of the country in which the company is located and/or in which it is doing business.

Also, an overlay to its bottom-up analysis, the team considers factors such as the geographical economic environment, the political environment, regulatory policy, geopolitical risk and currency risk.

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 between 50 and 70 companies.

The fund invests in issuers of developed countries, including the U.S.

The fund has the ability to invest in issuers domiciled in or doing business in any country or region around the globe, including emerging markets.

Additionally, the fund may invest in securities of companies of any size, in a variety of sectors and industries.

Also, the fund invests at least 40% (or, if the manager deems it warranted by market conditions, at least 30%) of its net assets in foreign securities.

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 stocks of U.S. and foreign companies (including depositary receipts of foreign issuers).

The team focuses on companies that are competitively well-positioned, gaining market share, have long-term growth potential, and/or operate in regions or countries that possess attractive growth characteristics.

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 superior companies that possess a unique, sustainable competitive advantage.

In addition, the team considers factors such as a company’s competitive position and its sustainability, growth and earnings potential and valuation, financials, management of the company, and strength of the industry.

Other factors in consideration are the company’s total addressable market, margin trends, switching costs, control of distribution channels, brand equity, and applicable economic, market and political conditions of the country in which the company is located and/or in which it is doing business.

Also, an overlay to its bottom-up analysis, the team considers factors such as the geographical economic environment, the political environment, regulatory policy, geopolitical risk and currency risk.

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 between 50 and 70 companies.

The fund invests in issuers of developed countries, including the U.S.

The fund has the ability to invest in issuers domiciled in or doing business in any country or region around the globe, including emerging markets.

Additionally, the fund may invest in securities of companies of any size, in a variety of sectors and industries.

Also, the fund invests at least 40% (or, if the manager deems it warranted by market conditions, at least 30%) of its net assets in foreign securities.

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 exhibiting growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on attractive-valued companies with characteristics such as free cash flow growth, superior and defensible market position, healthy risk/return profile, and exemplary governance.

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 or companies that are economically tied to different countries throughout the world, excluding the United States.

However, the fund may have significant exposure to emerging markets.

The fund will be broadly diversified among a variety of industry sectors.

Also, the fund’s uninvested assets may be held in cash or similar instruments.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.
 

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 exhibiting growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on attractive-valued companies with characteristics such as free cash flow growth, superior and defensible market position, healthy risk/return profile, and exemplary governance.

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 or companies that are economically tied to different countries throughout the world, excluding the United States.

However, the fund may have significant exposure to emerging markets.

The fund will be broadly diversified among a variety of industry sectors.

Also, the fund’s uninvested assets may be held in cash or similar instruments.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.
 

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 exhibiting growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on attractive-valued companies with characteristics such as free cash flow growth, superior and defensible market position, healthy risk/return profile, and exemplary governance.

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 or companies that are economically tied to different countries throughout the world, excluding the United States.

However, the fund may have significant exposure to emerging markets.

The fund will be broadly diversified among a variety of industry sectors.

Also, the fund’s uninvested assets may be held in cash or similar instruments.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.
 

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 exhibiting growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on attractive-valued companies with characteristics such as free cash flow growth, superior and defensible market position, healthy risk/return profile, and exemplary governance.

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 or companies that are economically tied to different countries throughout the world, excluding the United States.

However, the fund may have significant exposure to emerging markets.

The fund will be broadly diversified among a variety of industry sectors.

Also, the fund’s uninvested assets may be held in cash or similar instruments.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.
 

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

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 securities of companies that demonstrate above-average growth potential over the long term.

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 invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.

In addition to ADRs, the fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

The fund is non-diversified, and may invest a greater portion of its assets in the securities of a single issuer or in the securities of fewer issuers than a diversified mutual fund.

The fund seeks to grow capital through investing in large-size companies around the world including the U.S.

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

The investment process relies on free cash flow analysis. The research team focuses on companies with positive and growing free cash flow and reinvestment track record of management. The process favors companies with high return on capital, dominant market leadership and strong financial position.

The diversified fund holds between 110 and 135 stocks and allocates about 15% of capital to top 10 holdings.

The fund seeks to grow capital through investing in large-size companies around the world including the U.S.

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

The investment process relies on free cash flow analysis. The research team focuses on companies with positive and growing free cash flow and reinvestment track record of management. The process favors companies with high return on capital, dominant market leadership and strong financial position.

The diversified fund holds between 110 and 135 stocks and allocates about 15% of capital to top 10 holdings.

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities, including emerging market equity securities.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies exhibiting above average earnings growth potential relative to its peers.

The team favors well-run businesses poised for growth in the U.S., international and emerging markets.

Additionally, the team focuses on companies with excellent fundamentals and superior management teams.

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

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

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities, including emerging market equity securities.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies exhibiting above average earnings growth potential relative to its peers.

The team favors well-run businesses poised for growth in the U.S., international and emerging markets.

Additionally, the team focuses on companies with excellent fundamentals and superior management teams.

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

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

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities, including emerging market equity securities.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies exhibiting above average earnings growth potential relative to its peers.

The team favors well-run businesses poised for growth in the U.S., international and emerging markets.

Additionally, the team focuses on companies with excellent fundamentals and superior management teams.

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

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

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities, including emerging market equity securities.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies exhibiting above average earnings growth potential relative to its peers.

The team favors well-run businesses poised for growth in the U.S., international and emerging markets.

Additionally, the team focuses on companies with excellent fundamentals and superior management teams.

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

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

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities, including emerging market equity securities.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies exhibiting above average earnings growth potential relative to its peers.

The team favors well-run businesses poised for growth in the U.S., international and emerging markets.

Additionally, the team focuses on companies with excellent fundamentals and superior management teams.

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

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

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

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

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities, including emerging market equity securities.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies exhibiting above average earnings growth potential relative to its peers.

The team favors well-run businesses poised for growth in the U.S., international and emerging markets.

Additionally, the team focuses on companies with excellent fundamentals and superior management teams.

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

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

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

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, which may include common stocks, preferred stocks, depositary receipts and real estate investment trusts.

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 thematic approach to identify companies that offer solutions to major global changes taking place.

These changes include demographics, such as an aging population, environmental issues, such as water scarcity, technological advances, such as cloud computing, and governance changes, such as the growing importance of corporate responsibility.

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 approximately 50 stocks.

The fund invests in securities of companies located in no fewer than three countries, which may include the U.S.

Also, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S.

In addition, the fund may invest up to 25% of its net assets in securities of companies located in emerging markets.

Emerging markets are economies that are not generally recognized to be fully developed markets, as measured by gross national income, financial market infrastructure, market capitalization and/or other factors.

The fund may invest in growth and value companies and may also invest in initial public offerings.

Furthermore, the fund seeks to invest in companies with a positive impact on the United Nations’ Sustainable Development Goals.

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, which may include common stocks, preferred stocks, depositary receipts and real estate investment trusts.

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 thematic approach to identify companies that offer solutions to major global changes taking place.

These changes include demographics, such as an aging population, environmental issues, such as water scarcity, technological advances, such as cloud computing, and governance changes, such as the growing importance of corporate responsibility.

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 approximately 50 stocks.

The fund invests in securities of companies located in no fewer than three countries, which may include the U.S.

Also, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S.

In addition, the fund may invest up to 25% of its net assets in securities of companies located in emerging markets.

Emerging markets are economies that are not generally recognized to be fully developed markets, as measured by gross national income, financial market infrastructure, market capitalization and/or other factors.

The fund may invest in growth and value companies and may also invest in initial public offerings.

Furthermore, the fund seeks to invest in companies with a positive impact on the United Nations’ Sustainable Development Goals.

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, which may include common stocks, preferred stocks, depositary receipts and real estate investment trusts.

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 thematic approach to identify companies that offer solutions to major global changes taking place.

These changes include demographics, such as an aging population, environmental issues, such as water scarcity, technological advances, such as cloud computing, and governance changes, such as the growing importance of corporate responsibility.

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 approximately 50 stocks.

The fund invests in securities of companies located in no fewer than three countries, which may include the U.S.

Also, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S.

In addition, the fund may invest up to 25% of its net assets in securities of companies located in emerging markets.

Emerging markets are economies that are not generally recognized to be fully developed markets, as measured by gross national income, financial market infrastructure, market capitalization and/or other factors.

The fund may invest in growth and value companies and may also invest in initial public offerings.

Furthermore, the fund seeks to invest in companies with a positive impact on the United Nations’ Sustainable Development Goals.

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 of high-quality established and emerging companies located throughout the world.

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 renowned companies with durable competitive advantages, valuable business models and proven management teams.

The team favors companies with increasing returns on invested capital, above-average estimate of future performance, superior free cash flow generation and attractive risk/reward characteristics.

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 foreign securities, which may include emerging market securities.

Also, the fund invests at least 40% of its net assets in the securities of issuers located outside of the United States.

In addition, the fund invests in the securities of issuers from at least three different countries, which may include the United States.

The fund may also invest in companies with lower earnings volatility and/or companies with some cyclicality in their end markets.

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 focuses on high quality established and emerging companies located throughout the world that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 equity securities, as well as invest in privately placed and restricted securities.

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 focuses on high quality established and emerging companies located throughout the world that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 equity securities, as well as invest in privately placed and restricted securities.

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 focuses on high quality established and emerging companies located throughout the world that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 equity securities, as well as invest in privately placed and restricted securities.

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 of established and emerging companies located throughout the world.

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 unique companies with durable competitive advantages, above-average estimate of future performance, the ability to deploy capital at high rates of return, balance sheet strength and an attractive risk/reward.

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 invest in foreign securities, which may include emerging market securities.

Also, the fund invests at least 40% of its net assets in the securities of issuers located outside of the United States.

In addition, the fund invests in the securities of issuers from at least three different countries, which may include the United States.

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 of established and emerging companies located throughout the world.

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 unique companies with durable competitive advantages, above-average estimate of future performance, the ability to deploy capital at high rates of return, balance sheet strength and an attractive risk/reward.

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 invest in foreign securities, which may include emerging market securities.

Also, the fund invests at least 40% of its net assets in the securities of issuers located outside of the United States.

In addition, the fund invests in the securities of issuers from at least three different countries, which may include the United States.

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 of established and emerging companies located throughout the world.

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 unique companies with durable competitive advantages, above-average estimate of future performance, the ability to deploy capital at high rates of return, balance sheet strength and an attractive risk/reward.

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 invest in foreign securities, which may include emerging market securities.

Also, the fund invests at least 40% of its net assets in the securities of issuers located outside of the United States.

In addition, the fund invests in the securities of issuers from at least three different countries, which may include the United States.

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 of established and emerging companies located throughout the world.

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 unique companies with durable competitive advantages, above-average estimate of future performance, the ability to deploy capital at high rates of return, balance sheet strength and an attractive risk/reward.

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 invest in foreign securities, which may include emerging market securities.

Also, the fund invests at least 40% of its net assets in the securities of issuers located outside of the United States.

In addition, the fund invests in the securities of issuers from at least three different countries, which may include the United States.

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

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of issuers located throughout the world, including both developed and emerging markets.

The team then assesses a company’s business model, opportunity to take market share, access to growing end-markets, strength of management team, and fundamental valuation.

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.

Additionally, the fund diversifies its investments among a number of different countries throughout the world, including both developed and emerging markets.

The fund may invest under 40% of its net assets in the securities of issuers located outside of the United States, provided that the fund will not invest less than 30% of its net assets in such securities except for temporary defensive purposes.

The fund will normally invest in securities of companies domiciled in at least three countries (one of which may be the United States).

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

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of issuers located throughout the world, including both developed and emerging markets.

The team then assesses a company’s business model, opportunity to take market share, access to growing end-markets, strength of management team, and fundamental valuation.

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.

Additionally, the fund diversifies its investments among a number of different countries throughout the world, including both developed and emerging markets.

The fund may invest under 40% of its net assets in the securities of issuers located outside of the United States, provided that the fund will not invest less than 30% of its net assets in such securities except for temporary defensive purposes.

The fund will normally invest in securities of companies domiciled in at least three countries (one of which may be the United States).

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 publicly-traded companies located anywhere in the world, including equity securities in developed and emerging markets.

The team focuses on companies that generate above average earnings growth and are leading growth businesses in the marketplace.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team starts with internal competitive landscape analysis, ongoing participation at industry conferences, review of industry and trade periodicals.

In addition, the team evaluates each company on the basis of six key factors such as durable above-average earnings growth, leadership position in a promising business space, significant competitive advantages, clear mission and value-added focus, financial strength, and rational valuation.

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 approximately 30 to 50 issuers.

The fund estimates to invest in at least three countries, including the United States, and invest at least 40% of its net assets in non-U.S. companies.

According to the team, a company is considered to be a non-U.S. company if at least 50% of the company’s revenues or operating income is generated outside of the United States.

Also, if the company is organized or maintains its principal place of business outside of the United States; or the company’s primary trading market is located outside of the United States.

From time to time, the fund may also focus its investments in a particular geographic region, such as Europe, Asia and North America.

The fund may also purchase American Depositary Receipts, European Depositary Receipts ) and Global Depositary Receipts.

Also, the fund may invest in A-Shares of companies based in China, and may also invest in derivatives,

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in 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.

In addition, the fund will invest in at least five countries, one of which will be the U.S.

Also, the fund invests at least 30% of its net assets in securities outside the U.S., including emerging markets.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in 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.

In addition, the fund will invest in at least five countries, one of which will be the U.S.

Also, the fund invests at least 30% of its net assets in securities outside the U.S., including emerging markets.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in 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.

In addition, the fund will invest in at least five countries, one of which will be the U.S.

Also, the fund invests at least 30% of its net assets in securities outside the U.S., including emerging markets.

The fund seeks capital appreciation 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 of both foreign (including emerging markets) and domestic issuers.

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 a company’s valuation, price and earnings momentum, and earnings quality,

Additionally, the team considers factors such as an issuer's earnings, cash flows, competitive position, and management ability.

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 (or 30% of its net assets if conditions are not deemed favorable) in foreign securities.

Also, the fund invests its net assets in investments that are tied economically to a number of countries throughout the world.

A significant portion of the fund's net assets are in the securities of issuers organized or located outside the United States, whose primary listing exchange for securities is located outside the United States, or whose largest amount of revenues or profits are derived from countries outside the United States.

In addition, the fund's investments will be diversified in at least three countries, one of which is the United States, and may include developed and emerging market countries.

The fund may invest a significant percentage of its net assets in securities of issuers in a single country, a small number of countries, or a particular geographic region.

The fund seeks to appreciate capital by investing in large-size companies around the world including the U.S.

The fund is sub-advised by Sustainable Growth Advisers with a focus on investing in international companies.

The investment process looks for companies in developed and developing regions of the world that meet certain growth, financial strength and outlook criteria. The research then looks at one company at a time and evaluates investment merits both from the qualitative and quantitative metrics. The team prefers companies with repeatable business models, long runways of growth and financial and managerial strength.

The fund holds between 25 and 35 companies and allocates about 38% of its assets to top 10 holdings. Geographically the fund is diversified with about 50% of its assets in the U.S. based companies and the rest in China, India, Hong Kong, the U.K., Switzerland, Japan, Denmark and the Netherlands.

The fund seeks to appreciate capital by investing in large-size companies around the world including the U.S.

The fund is sub-advised by Sustainable Growth Advisers with a focus on investing in international companies.

The investment process looks for companies in developed and developing regions of the world that meet certain growth, financial strength and outlook criteria. The research then looks at one company at a time and evaluates investment merits both from the qualitative and quantitative metrics. The team prefers companies with repeatable business models, long runways of growth and financial and managerial strength.

The fund holds between 25 and 35 companies and allocates about 38% of its assets to top 10 holdings. Geographically the fund is diversified with about 50% of its assets in the U.S. based companies and the rest in China, India, Hong Kong, the U.K., Switzerland, Japan, Denmark and the Netherlands.