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

The fund manages assets by hiring sub-advisers and currently works with six. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisers are Baillie Gifford Overseas Limited, BlackRock Investment Management, LLC, Edinburgh Partners Limited, Mondrian Investment Partners Limited, Pzena Investment Management, LLC, and WCM Investment Management, LLC.

Each sub-adviser may use both its own proprietary and external research and securities selection processes to manage its allocated portion of the fund’s assets.

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

Baillie Gifford Overseas focuses on well managed, quality businesses exhibiting durable competitive advantages in their marketplace.

BlackRock’s process seeks to replicate the performance of the benchmark index.

Edinburgh Partners seeks to identify companies that are estimated to trade below their fair values but have the potential to increase market price over time.

Mondrian relies on fundamental analysis to seek companies that are estimated to trade below their fair values.

Pzena focuses on companies that are trading at a discount to their estimated intrinsic value but have excellent prospects over the long term.

WCM emphasizes companies demonstrating growth in revenue and earnings, with the potential for superior future 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.

The manager invests principally in companies in developed countries, but may also invest in companies in emerging markets or developing countries.

Also, the fund may also invest in U.S. dollar-denominated securities issued by foreign entities, American Depositary Receipts, or Global Depositary Receipts.

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

The fund has the flexibility to invest in securities of mid and small capitalization companies.
 

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

The fund manages assets by hiring sub-advisers and currently works with four. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are BlackRock Investment Management, LLC, Jennison Associates LLC, Lazard Asset Management LLC, and Sustainable Growth Advisers, LP.

BlackRock looks for securities with the goal of approximating the capitalization weighted total rate of return of the segment of publicly traded equity securities represented by the benchmark index.

Jennison seeks to identify attractively valued companies that demonstrate superior absolute and relative earnings growth and have strong capital appreciation potential.

Lazard has a focus on companies that have strong and/or improving financial productivity and are undervalued based on their earnings, cash flow, or asset values.

Sustainable Growth Advisers looks for companies that exhibit characteristics such as pricing power, repeat revenue streams, and global reach that have the potential for long-term earnings growth.

The fund also has the flexibility to invest in all market capitalizations.

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

The fund manages assets by hiring sub-advisors and currently works with six. To reduce volatility and downside risk, the fund prefers a multi-manager investing approach.

The sub-advisors are Artisan Partners Limited Partnership, Barrow, Hanley, Mewhinney & Strauss, LLC, BlackRock Investment Management, LLC, LSV Asset Management, T. Rowe Price Associates, Inc., and Wellington Management Company LLP.

Each sub-adviser may use both its own proprietary and external research and securities selection processes to manage its allocated portion of the fund’s assets.

Artisan Partners seeks to invest in companies that are undervalued, and have superior financial strength and attractive business economics. The sub-adviser prefers companies with an acceptable level of debt and positive cash flow.

Barrow employs a value-oriented investment process to exploit inefficient markets. The sub-adviser invests in companies with low price-to-earnings and price to book-value-ratios and high dividend yields in relation to the S&P 500 Index.

BlackRock’s process seeks to replicate the performance of the benchmark index.

LSV utilizes a bottom-up investment style to identify companies that are trading at prices substantially below their estimated intrinsic value.

T. Rowe Price is driven by internal research to identify companies that appear to be undervalued or may be out of favor for temporary reasons but have good prospects for capital appreciation and dividend growth.

The sub-adviser generally looks for companies with an established operating history; above-average dividend yield and a sound balance sheet. The sub-adviser also considers financial characteristics such as low stock price relative to a company’s underlying value as measured by assets, cash flow, or business franchises.

Wellington Management focuses on companies with superior prospects for dividend growth and capital appreciation that sell at reasonable valuation levels.

The fund has the flexibility to invest in securities of medium and small capitalization companies. From time to time, the fund may also focus its investments in a particular sector, such as the financials sector.

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

The fund manages assets with the help of five sub-advisers namely Artisan Partners Limited Partnership, BlackRock Investment Management, LLC, Champlain Investment Partners, LLC, Eagle Asset Management, Inc. and Stephens Investment Management Group, LLC.

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

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

Artisan Partners seeks to invest in companies that possess franchise characteristics, are benefiting from an accelerating profit cycle and are trading at a discount to its estimate of private market value.

BlackRock’s process seeks to replicate the performance of the benchmark index.

Champlain invests in companies that demonstrate superior capital appreciation potential and attractive valuations.

Eagle generally focuses on companies that demonstrate growth potential at a price that does not appear to reflect the company’s true underlying value.

SIMG favors companies that exhibit potential for superior earnings growth not yet recognized by the markets.

Next, the research team invests in equity securities.

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

The fund may invest in American Depositary Receipts or Global Depositary Receipts.

Also, the fund may invest in other investment companies, including other open-end or closed-end investment companies and exchange-traded funds.

The fund may also invest a portion of its assets in futures.

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

From time to time, the fund may also focus its investments in a particular sector, such as the information technology and healthcare sectors.

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

The fund manages assets with the help of eight sub-advisers namely American Century Investment Management, Inc., BlackRock Investment Management, LLC, Boston Partners Global Investors, Inc., Diamond Hill Capital Management, Inc., LSV Asset Management, MFS Investment Management, Silvercrest Asset Management Group LLC, and Vaughan Nelson Investment Management, L.P. 

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

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

American Century focuses on companies that are estimated to trade below their fair values.

BlackRock’s process seeks to replicate the performance of the benchmark index.

Boston Partners’ strategy is designed to identify companies with attractive valuation, sound business fundamentals, and improving business momentum.

Diamond Hill seeks businesses with sustainable competitive advantages, conservative balance sheets, and management with an ownership mentality.

LSV favors companies that are trading at substantial discounts to their estimated intrinsic value.

MFS focuses on companies that are estimated to trade below their fair values.

Silvercrest invests in companies exhibiting longer-term earning and cash flow growth.

Vaughan Nelson seeks companies earning a positive return on capital with stable-to-improving returns.

Next, the research team invests in equity securities.

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

The fund may invest in securities issued by U.S. and foreign entities.

The fund may invest in American Depositary Receipts or Global Depositary Receipts.

Also, the fund may invest in other investment companies, including other open-end or closed-end investment companies and exchange-traded funds.

The fund may also invest a portion of its assets in futures.

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

From time to time, the fund may also focus its investments in a particular sector, such as the financials sector.