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

The sub-adviser’s investment process is designed to highlight companies that are trading at a discount to their estimated intrinsic value, which is considered the current value of sustainable free cash flow.

The research team employs a disciplined, bottom-up investment process driven by fundamental research. The team looks to invest in companies which demonstrate a sufficient discount to business value to mitigate the loss of capital in the event of adverse circumstances.

The fund is non-diversified, which means that it may invest a significant portion of its net assets in the securities of a single issuer or small number of issuers. The fund may invest up to 20% of its net assets in securities of foreign issuers.

The fund seeks to provide current dividend yield and dividend growth by investing in 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 invests in a diversified portfolio of dividend paying equity securities.

Equity securities include domestic and foreign common and preferred stock, convertible debt securities, American Depositary Receipts, Master Limited Partnerships, real estate investment trusts and exchange traded funds,

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.

Also, the fund may invest in debt-securities, including lower-rated debt-securities and foreign securities including depositary receipts.

The fund may invest up to 25% of its net assets in publicly traded MLPs.

In order to respond to adverse market, economic, political, or other conditions, the fund may invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

The fund may invest in securities of companies across market capitalizations but will focus on medium and large capitalization companies.

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

The flexible equity investment process seeks to identify attractive or improving businesses that are trading at reasonable valuations and not yet recognized by the market.

The research team looks for companies that demonstrate favorable business economics supported by enduring competitive advantages, capable and trustworthy management, positive industry dynamics and sensible capital allocation.

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

The fund may invest in both growth and value stocks and has the flexibility to invest up to 15% of its net assets in securities of foreign issuers.

The fund seeks capital appreciation in the long term by investing in mid-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 equity securities.

The team invests at least 40% of its assets outside the United States, or if market conditions are not favorable, at least 30% of its assets outside the United States, and hold securities of issuers located in at least three countries.

The team determines whether a company is considered to be located outside the United States by considering whether it is organized under the laws of or maintains its principal office in a country located outside the United States.

Also, the team considers a company if its securities are principally traded on trading markets in countries located outside the United States, or it derives at least 50% of its total revenue or profits from either goods produced or services performed or sales made in countries located outside the United States, or it has at least 50% of its assets in countries located outside the United States.

The fund’s non-U.S. investments may include equity securities issued by companies that are established or operating in emerging market countries.

In addition, the team prefers companies that are leaders within their industry or country with an ability to deliver high relative return on invested capital over time.

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 derivatives instruments, such as options, futures contracts, including interest rate futures, and options on futures.

In order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

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

The investment process is designed to highlight strong companies that demonstrate above-average, durable earnings growth outlook.

The research team is using fundamental analysis to identify companies with strong business models and capable management teams.

The team also considers companies that do not exhibit particularly strong earnings histories but have the potential for accelerated growth in the foreseeable future.

The concentrated portfolio includes companies based on their business models, and position within their respective industries, as well as the macro environment.

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

The fund may invest up to 15% of its net assets in foreign issuers, including in emerging markets. 

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

The investment process starts with a fundamental analysis of companies that can compound earnings over time. The research team identifies companies that have sustainable growth, strong management team, and incremental revenue generating characteristics.

Next, the research team builds a concentrated portfolio of high-quality companies that exhibit above average growth prospects. The team applies environmental, social, and governance (ESG) criteria in narrowing down the list of investable companies.

The fund favors companies with durable growth and scalable business models.

The fund may also assume a temporary defensive position if market conditions warrant and invest without limit in cash and prime quality cash equivalents.

The fund seeks long-term capital gain by primarily investing in small-size U.S. companies.

The investment process starts with a list of companies with market capitalization less than $6 billion. The research team then with the help of fundamental analysis focuses on companies with a proven earnings track record but temporarily out of favor with investors.

Next, the team with the help of qualitative and quantitative research narrows the investable list of companies with attractive long term earnings outlook and operated by management with a track record of generating free cash flow.

The fund has the flexibility to invest up to 15% of its assets in foreign securities including in emerging markets and up to 20% in foreign or domestic debt securities, including up to 5% of assets in distressed debt securities.

Normally, the fund favors out-of-favor or under-followed companies with sustainable business models generating attractive free cash flows.

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 growth prospects.

The team seeks to identify companies exhibiting the potential for long-term earnings growth that is not fully reflected in the security’s price.

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 foreign securities, including in emerging markets.

In order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

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

The investment process looks for companies in the benchmark index that effectively implement sustainable business strategies to drive their prospects for future earnings growth.

The manager defines sustainable companies as companies whose internal sustainability strategies lead to one or more Sustainable Business Advantages such as revenue growth, cost improvements, or enhanced franchise value, or that lead to reduced risk to a company’s prospects for growth.

The investment team also integrates environmental, social, and governance factors into its investment process.

Next the research team focuses on companies that have fundamental strength to deliver above-average earnings growth over a market cycle with attractive valuations.

Then the team seeks companies with strong business models and prospects for growth, strong cash flow generation, and a solid track record of execution.

In addition, the team utilizes scenario analyses to assess the company’s valuation and potential for appreciation or downside risk.

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

The fund has low to no exposure to companies that have received international sanctions, derive significant revenue from gambling or the production of alcohol, tobacco, weapons, or fossil fuel extraction.

The fund may also invest in securities of small market capitalization companies.

The fund may invest up to 15% of its net assets in issuers of foreign securities including American Depositary Receipts, which may include emerging markets securities.

In order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies which are domiciled in or exercise the predominant part of their economic activity in Europe.

In determining whether a company is domiciled in or exercises the predominant part of its economic activity in Europe, the team will consider country of organization, or primary securities trading market, or location of assets, or country where the company derives at least half of its revenue or profits.

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 that are established or operating in countries that are considered to be outside of Europe, which may include less developed and emerging markets countries as well as other developed market countries.

Additionally, in order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents and other money market instruments.