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 at least 40% of the fund’s net assets in securities located outside the United States and is diversified among at least three countries.

In determining where a company is located, the team relies on the country where the company is incorporated, but also may consider the country where the company’s revenues are derived and the primary market listing for the class of shares to be purchased.

The team relies on proprietary analytical tools to seek low volatility companies that are estimated to trade below their fair values.

Next, the team ranks stocks based on estimated risk/return.

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 20% of its net assets in companies located in countries not represented in the Index.

The fund may at times focus its investments in one or more sectors.

From time to time, the fund maintains a portion of its net assets in cash.

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

The investment process is designed to identify high-quality companies that appear to be undervalued but exhibiting improving investor interest.

The research team is using fundamental analysis to identify companies with sustainable earnings growth available at reasonable prices.

Next, the team is using tools to rank stocks based on expected returns. The process combines quantitative and qualitative techniques to balance return generation with risk management.

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

The fund maintains a portion of its assets in cash but has the flexibility to increase its cash holdings in response to market conditions or non-availability of attractive investment opportunities.

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

The investment process combines proprietary analytical tools and qualitative techniques to identify investment opportunities.

The process also employs a value-oriented approach to focus on high quality companies that are available at reasonable prices.

The manager believes that companies that are undervalued relative to their fundamentals and exhibit improving investor interest outperform the market over full market cycles.

Next, the research team ranks stocks based on expected returns, constructs preliminary portfolios with the use of fundamental factors, and manages risk.

In addition, the team also integrates environmental, social, and governance factors into its investment process.

The fund may at times focus its investments in one or more sectors. From time to time, the fund maintains a portion of its assets in cash and may increase its cash holdings in response to market conditions or in the event attractive investment opportunities are not available.

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

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

Next, the research team employs a highly defensive investment style to minimize losses at times of perceived high risk.

The team relies on dividend yields, return on equity, and valuation multiples such as earnings to identify companies that meet its investment criteria.

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

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

The manager focuses on companies in the developed countries outside of North America, and may invest up to 20% of the fund’s net assets in the emerging market countries.

In determining where a company is located, the manager relies on the country where the company is incorporated, but also may consider the country where the company’s revenues are derived and the primary market listing for the class of shares to be purchased.

The fund may at times focus its investments in one or more sectors.

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

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

Next, the research team focuses on companies that demonstrate above average prospects for earnings growth.

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

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

Also, the fund may use derivatives, including options, warrants, futures, swaps and forward contracts both to seek to increase the return of the fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.