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

The sub-advisor’s investment process starts by identifying companies that appear to be undervalued in relation to the company’s long-term growth fundamentals.

The research team uses fundamental analysis to evaluate a company’s earnings growth, cash flow and net worth.

Next, the team narrows the investable universe to companies that have improving earnings, cash flow, and sales.

The fund has the flexibility to invest a significant portion of its assets in the technology sector. 

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.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team focuses on companies that can maximize expected return.

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 in companies economically tied to countries outside of the U.S.

Issuers considered to be economically tied to countries outside of the U.S. include an issuer organized under the laws of or maintaining a principal office or principal place(s) of business outside of the U.S., or an issuer of securities that are principally traded in one or more markets outside the U.S.

The investment team also considers an issuer that derives or is currently expected to derive 50% or more of its total sales, revenues, profits, earnings, growth, or another measure of economic activity from, the production or sale of goods or performance of services or making of investments or other economic activity in, outside of the U.S.

The team also considers issuers that maintains or is currently expected to maintain 50% or more of its employees, assets, investments, operations, or other business activity outside of the U.S. or a governmental or quasi-governmental entity of a country outside of the U.S., or any other issuer that the sub-adviser believes may expose the fund’s assets to the economic fortunes and risks of a country or countries outside of the U.S.

The fund may lend its securities to broker-dealers and other financial institutions to earn additional income.
 

The fund seeks primarily capital appreciation in the long term and secondarily current income by investing in mid-and large-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 high-quality companies with financial strength that pay above market dividends, have cash resources and a track record of raising dividends.

The team prefers companies that exhibit characteristics, such as yield or dividend growth at or above the Index, growth potential, and are trading at discounts to their estimated intrinsic value.

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.

Equity securities purchased by the fund typically include common stocks, convertible securities, preferred stocks, and real estate investment trusts.

In addition, the fund’s portfolio may include the stocks of fewer companies than other diversified funds.

The fund also may invest in equity securities of companies economically tied to countries outside of the U.S.

Additionally, the fund may lend its securities to broker-dealers and other financial institutions to earn additional income.
 

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

The investment process starts with companies in the benchmark index and is designed to highlight with above-average earnings growth outlook.

The team uses fundamental analysis to identify companies with a positive catalyst for growth, such as a new product, acquisition, divestiture, restructuring or change in the marketplace. The team also evaluates the roles and capabilities of management.

The fund invests across various industry and sectors and limits the individual holding to 5% of total net assets.

The fund seeks capital appreciation in the long term 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 n the companies that have accelerating earnings growth rates, reasonable valuations, capable management teams, reasonable debt levels and/or a high or expanding return on equity.

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 significant portion of its net assets in the securities of companies in the health care and information technology sectors.

Also, the fund may purchase, or obtain exposure to, securities in initial public offerings.

In addition, the fund also may hold securities of mid-capitalization companies.

The fund may lend its securities to broker-dealers and other financial institutions to earn additional income.
 

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.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 in established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

The fund may lend its securities to broker-dealers and other financial institutions to earn additional income.
 

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

The investment process combines top-down macroeconomic analysis with bottom-up stock selection. The process uses fundamental research to identify solid businesses that are attractively priced relative to their fundamentals.  

The fund favors companies with the presence of near-term catalysts that can drive the stock higher.

The research team includes companies based on factors such as cash flow, financial strength, profitability, and statistical valuation measures. The team also favors companies that are expected to benefit from macroeconomic or company-specific factors.

The fund seeks to consistently outperform the benchmark over a three to five year cycle.  

The fund seeks capital appreciation in the long term 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 in companies that exhibit above-average potential for long-term growth of capital.

The team favors companies that are well positioned to benefit from the emergence of long-term catalysts for growth.

In addition, the team assesses a company’s margin structure, growth rate, debt level and other factors that influence relative stock valuations.

The team also evaluates the liquidity of each security, sustainability of profit margins, barriers to entry, company management and free cash flow.

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 foreign companies, including those located in developing countries or emerging markets, American Depositary Receipts or Global Depositary Receipts.

Additionally, the fund may invest a significant portion of its net assets in the securities of companies in the health care and information technology sectors.

The fund also may hold securities of mid-capitalization companies.

The fund may lend its securities to broker-dealers and other financial institutions to earn additional income.