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

The investment process is designed to identify high-quality companies that demonstrate superior return prospects.

The research team is looking for companies exhibiting the potential for sustainable growth, reasonable valuations, earnings surprises, attractive cash flows and significant long-term returns.

The team narrows the investable universe to include companies that exhibit the best combination of earnings growth potential, quality and attractive valuation.

The process also evaluates a company’s growth potential for capital appreciation; capacity for growth in revenue, cash flow or earnings; balance sheet strength; and management team.

The investment team also considers environmental, social and governance factors when assessing investment opportunities.

The fund has a concentrated portfolio to minimize the effects of risk, and may also invest up to 20% of its assets in non-U.S. securities.

The fund seeks capital appreciation and income by investing in large-size companies in the United States.

The investment process is driven by a value investing style focusing on companies that have attractive valuation and fundamental strength. The process focuses on companies that are estimated to generate income.

Next, the research-driven process narrows the investable universe by industry and identifies what they believe to be the most attractively valued securities in each industry.

The team focuses on companies with positive fundamentals, compelling valuations versus the market and peers, favorable dividend yields and positive prospective earnings.

The industry allocations in the portfolio may deviate from those of its primary benchmark and typically represent a broad range of industry groups. The team seeks to avoid overexposure to any one sector.

The fund may invest up to 25% of its net assets in real estate investment trusts, and a portion of its net assets in non-U.S. securities including through American Depositary Receipts and emerging market securities.

The fund seeks capital appreciation and current income in the long term by investing in mid-size companies in the United States.

The disciplined investment process starts with companies in the benchmark index. The research-driven process focuses on stocks with positive fundamentals, compelling valuations, and favorable dividend yields.

The research team through a combination of qualitative analysis and fundamental research identifies attractively-valued, dividend-paying stocks that generate total return including current income.

The fund has the flexibility to invest up to 25% of its assets in non-U.S. securities, including emerging market securities, but seeks to avoid overexposure to any one sector.

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

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

Next, the research team focuses on securities and instruments that are tied economically to emerging market countries.

The fund currently defines emerging market countries as countries with securities markets that are less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and/or regulation.

The team favors companies that are benefiting from change not yet fully recognized by the 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 manager looks to capitalize on market inefficiencies.

The fund will have exposure to at least five emerging market countries.

Also, the fund may invest a substantial portion of its net assets in securities of companies located in China.

Additionally, the fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments.

The fund may also use participatory notes or other equity-linked notes to gain exposure to issuers in certain countries.

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

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

Next, the research team focuses on high-quality companies worldwide that have the potential to deliver superior returns at an acceptable risk level.

As part of the process, the team considers the anticipated economic growth rate, political outlook, current and forecasted inflation rates, currency outlook and interest rate environment within the applicable region.

Other factors in consideration would be characteristics such as above-average growth and superior potential for capital appreciation, significant growth in revenue through either an expanding market or market share.

The team also considers balance sheet strength, superior management; and differentiated or superior products and services or a steady stream of new products and services.

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 demonstrating durable growth characteristics and that are experiencing positive fundamental change.

Company-specific research includes industry and competitive analysis, revenue model analysis, profit analysis and balance sheet assessment.

The team looks to capitalize on stocks that are under-priced relative to their potential.

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

The fund allocates its investments among securities of issuers located in at least eight different countries (which may include the U.S.) and estimates that the majority of its non-U.S. investments will normally be in Japan and Western Europe.

Additionally, the fund will normally invest no more than 25% of its net assets in issuers located in any one country outside the U.S., other than France, Germany, Japan and the United Kingdom.

Also, the fund may invest up to 30% of its net assets in emerging market securities (but no more than 10% in any one emerging market country).

In addition, the fund may invest in securities issued in initial public offerings and real estate investment trusts.

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 both U.S. and non-U.S. companies, including emerging market securities.

As part of the team's analysis of a company's sustainability, the team considers environmental, social and governance factors relating to the company.

Then the team evaluates and rates the securities in the investment universe on the basis of their ESG characteristics.

The team believes that investing in companies that have a track record of managing ESG risks can generate competitive financial returns over the long-term and positive societal impact.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that exhibit growth characteristics.

Next, the team narrows the investable universe by screening out issuers generating revenue from sectors such as tobacco, thermal coal, alcohol, gambling and weapons.

With respect to ESG factors, the team invests significantly in stocks rated as best-in-class (i.e. top 30%) and avoids stocks rated worst-in-class (i.e. bottom 30%).

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 diversifies the fund’s investments across geographic regions and economic sectors.

The portfolio typically holds approximately 40 to 60 stocks.

Also, the fund will invest at least 40% of its net assets in non-U.S. securities. 

The fund may also invest in depository receipts such as Global Depositary Receipts.

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

The sub-advisor’s investment process is designed to highlight stocks of health sciences-related companies.

The investment team considers health sciences-related companies to include companies that design, manufacture or sell products or services used for or in connection with healthcare, medicine or life sciences.

The fund seeks to capitalize on the rapid growth in global healthcare spending due to impact from COVID-19, coupled with an aging society.

Next, the research team prefers companies demonstrating above-average growth and superior capital appreciation potential.

The team also considers companies exhibiting substantial capacity for growth in revenue through either an expanding market or market share; balance sheet strength; and superior management.

In addition; the team also looks for companies with a dedication to research and product development; and differentiated or superior products and services or a consistent flow of new products and services.

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

Stock selection and portfolio construction is driven by high conviction growth, quality, valuation, and ESG risk criteria.

The portfolio holds 45 to 75 high-quality healthcare companies, addressing themes such as innovative biotechnology and pharmacological treatments, cost-effective medical solutions, preventative health care, and healthy lifestyles.

The fund may invest in U.S. and non-U.S. companies, and may invest up to 15% of its net assets in emerging market securities but no more than 10% in any one emerging market country.

The fund may invest in securities issued in initial public offerings.

The fund seeks maximum capital appreciation in the long term by investing in small-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 looks for high-quality companies demonstrating superior returns potential with reasonable risk.

In addition, the team considers anticipated economic growth rate, political outlook, current and forecasted inflation rates, currency outlook and interest rate environment to help identify countries and regions that are likely to offer the best investment opportunities.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team prefers companies with above-average growth and superior capital appreciation potential; substantial capacity for growth in revenue through either an expanding market or market share.

Other metrics the team focuses on are a company’s balance sheet strength, quality of management; and differentiated or superior products and services or a steady stream of new products and services.

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 its investments among at least eight different countries that spans developed and emerging markets outside of the U.S.

Also, the fund may invest up to 30% of its net assets in emerging market securities, but no more than 10% in any one emerging market country.

The fund also relies on regional portfolio managers based in Europe, Japan and Asia (outside Japan) for the best available investment opportunities from each of those three regions.
 

The fund seeks capital appreciation in the long term by investing in mid-size companies in 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 exhibiting above-average growth and potential for capital appreciation.

The team also considers companies with a potential for revenue growth, balance sheet strength, proven management teams, having a commitment to research and product development.

Other factors in consideration when screening are companies with differentiated or superior products and services and a durable competitive advantage.

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 may invest in securities issued in initial public offerings, real estate investment trusts and in non-U.S. securities, including through American Depositary Receipts.

The fund seeks capital appreciation in the long term and income by investing in small-size companies in 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 principally in U.S. companies but may invest to a lesser extent in non-U.S. companies.

In selecting securities for the portfolio, the research team employs three distinct small-cap strategies or sleeves.

In the Quantitative Core sleeve, the team utilizes a proprietary alpha model which blends behavioral factors (e.g., human behaviors and biases) and intrinsic valuation factors (e.g., tangible measures of a company’s underlying worth).

The Fundamental Growth sleeve focuses on identifying high quality companies in relatively early stages of their growth trajectory.

The Managed Volatility sleeve selects companies which in aggregate offer lower forecast risk and lower levels of correlation among the individual stocks.

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 may invest a substantial portion of its net assets in securities issued in initial public offerings.

Also, the fund may invest up to 15% of its net assets in non-U.S. securities, except that it may invest without limit in American Depositary Receipts.

The fund may also invest a portion of its net assets in real estate investment trusts.

In order to gain exposure to desired asset classes or securities, or for hedging or other investment purposes, the fund may also utilize foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments.

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 technology companies and in derivatives and other synthetic instruments that have economic characteristics similar to equity securities of technology companies.

The team defines technology companies as those that provide technology products or services or utilize technology to gain competitive advantages.

These may include, without limitation, internet products and services, computers and computer peripherals, software, electronic components and systems, communications equipment and services, semiconductors, and automotive technology.

Other examples of technology companies would be transportation services and products, artificial intelligence technology, video gaming, security services and products, media and information services, environmental services, chemical products and synthetic materials, defense and aerospace products and services, nanotechnology, energy equipment and services.

The team favors companies that exhibit potential for capital appreciation.

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 50% of its net assets in non-U.S. securities, including emerging market securities.

Also, the fund will invest no more than 25% of its net assets in any one country outside of the United States.

The fund is non-diversified, which means that it may invest a significant portion of its assets in a relatively small number of issuers.

In addition, the fund may invest in securities issued in initial public offerings and may utilize foreign currency exchange contracts, options, futures and forward contracts, swap agreements and other derivative instruments.

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

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

Next, the research team invests in securities of companies that are represented in one or more of the S&P Global Water Index, the NASDAQ OMX US Water or Global Water Indices or the S-Network Global Water Index (Composite), or that are substantially engaged in water-related activities.

Water-related activities consist of those that relate to the quality or availability of or demand for potable and non-potable water.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that demonstrate above-average durable growth; revenue and earnings growth potential, proven management teams, as well as those contributing to positive societal impact aligned to the United Nations Sustainable Development Goals.

Other factors that the team considers are companies with superior commitment to research and product development, and differentiated or superior product offerings addressing the structural demand drivers.

As part of the process, the team considers the anticipated economic growth rate, political outlook, inflation rate, currency outlook and interest rate environment for the country and the region in which the company is located.

Other factors in consideration would be characteristics such as above-average growth and superior potential for capital appreciation, significant growth in revenue through either an expanding market or market share.

The team also considers balance sheet strength, superior management, and differentiated or superior products and services or a steady stream of new products and services.

Additionally, as part of the stock selection process, the team considers the level of active contribution to the improvement of water resource management.

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

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

The manager diversifies the fund’s investments across geographic regions.

The fund will typically invest between 45% and 75% of its net assets in U.S. securities, between 20% and 45% of its net assets in European securities, and up to 20% of its net assets in Asia and other geographies.

Additionally, the fund may invest in emerging market securities.

The fund is non-diversified, which means that it may invest a significant portion of its net assets in a relatively small number of issuers.

In addition, the fund may invest in securities issued in initial public offerings.

The fund seeks capital appreciation in the long term and income by investing in companies in 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 common stocks and other equity securities of companies that pay or are expected to pay dividends. 

The team prefers companies demonstrating attractive valuation and fundamental strength.

Then the research team narrows the investable universe to a list of the most attractively valued securities in each industry.

In selecting securities for the portfolio, the team also focuses on the dividend yields of companies.

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

In addition, the fund may also invest up to 25% of its net assets in real estate investment trusts and real estate-related investments, and a portion of its assets in non-U.S. securities (including through American Depositary Receipts), including emerging market securities.

The fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments.

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

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

Next, the research team focuses on securities of companies that are domiciled in or tied economically to countries with emerging securities markets.

The fund currently defines emerging market countries as countries with securities markets that are less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and regulation.

Most countries with emerging securities markets are located in Asia, Africa, the Middle East, Latin America and Eastern Europe.

The team favors companies that are estimated to trade below their fair values.

In addition, the team narrows the investable universe of companies on the basis of valuation multiples such as earnings, book value, cash flow, and dividend yield.

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 in excess of 100 securities for the fund.

Additionally, the fund may invest in American Depositary Receipts, Global Depositary Receipts and other depositary receipts, in addition to direct investments in the securities of non-U.S. issuers.

Also, the fund may invest in exchange traded funds, as well as and real estate investment trusts.

The fund typically does not seek to hedge its exposure to securities denominated in non-U.S. dollar currencies but retains the flexibility to do so at any time.

The fund seeks capital appreciation in the long term and income 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 companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

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 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American Depositary Receipts.
 

The fund seeks capital appreciation and income by investing in small-size companies in the United States.

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

Next, the research team focuses on companies that are estimated to generate income (for example, by paying dividends).

The team prefers attractively-valued companies with fundamental strength.

In addition, the team narrows the investable universe by industry and selects the most attractively valued securities in each industry.

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 a substantial portion of its net assets in real estate investment trusts.

The fund may also invest a portion of its net assets in non-U.S. securities (including through American Depositary Receipts), including emerging market securities.

Additionally, the fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments.