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

The sub-adviser’s investment process is designed to highlight companies engaged in the financial services sector.

Then the research team focuses on companies that own at least 50% of financial services-related assets, or that derive at least 50% of its revenues from providing financial services.

The team considers banks, thrifts and mortgage, specialized finance, consumer finance, asset management & custody banks, investment banking & brokerage, diversified capital markets, financial exchanges & data, mortgage REITs and insurance as financial services firms.

In addition, the team utilizes a proprietary screening process to look for companies with a capable management team, a sustainable franchise and business model, and durable competitive advantages.

The research process is driven by fundamental analysis of one stock at a time. As part of its process, the research team meets with company management.

The team relies on fundamental analysis to select companies that are trading at a discount to their estimated intrinsic value relative to factors such as cash flows, assets and liabilities.

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

The fund may invest in issuers in foreign countries, including countries with developed or emerging markets.

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 seeks to invest in stocks issued by both United States and foreign companies, including countries with developed or emerging markets.

The research team utilizes a proprietary screening process to look for companies with a capable management team, a sustainable franchise and business model, and durable competitive advantages.

The research process is driven by fundamental analysis of one stock at a time. The team relies on fundamental analysis to purchase companies that are trading at discounts to their estimated intrinsic value.

As part of its process, the research team also meets with company management.

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 will invest at least 40% of its net assets and at least 30% of its net assets if market conditions are not deemed favorable in issuers organized or located outside of the U.S., or whose primary trading market is located outside the U.S., or doing a substantial amount of business outside the U.S.

Also, the fund will invest in issuers representing at least three different countries.

These non-U.S. company investments may include American Depositary Receipts and Global Depositary Receipts.

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 utilizes a proprietary screening process to look for companies with a capable management team, a sustainable franchise and business model, and durable competitive advantages.

The research process is driven by fundamental analysis of one stock at a time. The team relies on fundamental analysis to purchase companies that are trading at discounts to their estimated intrinsic value relative to factors such as cash flows, assets and liabilities.

As part of its process, the research team also meets with company management.

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 securities of foreign companies, including countries with developed or emerging markets.

Also, the manager may invest significantly in issuers organized or located outside of the U.S. or whose primary trading market is located outside the U.S., or doing a substantial amount of business outside the U.S.

Generally, the fund will invest in issuers representing at least three different countries.

Additionally, the fund may invest in American Depositary Receipts and 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-adviser’s investment process utilizes independent research to highlight durable companies that meet earnings, return on capital and growth criteria with sustainable competitive advantages.

The process focuses on companies in the benchmark index with attractive long-term growth prospects trading at a discount to their estimated true value.

The research process is driven by fundamental analysis of one stock at a time for achieving long-term outperformance.

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 focuses on attractive businesses across all market caps, industries and sectors.

The fund has the flexibility to invest in issuers in foreign countries, including countries with developed or emerging markets.

The fund seeks total return by investing in companies in the United States.

The sub-adviser’s investment process is designed to highlight companies that are principally engaged in the real estate industry.

The investment team considers a company to be principally engaged in the real estate industry if it owns real estate or real estate-related assets that constitute at least 50% of the value of all of its assets, or if it derives at least 50% of its revenues or net profits from owning, financing, developing, managing or selling real estate, or from offering products or services that are related to real estate.

Next, the research team utilizes a proprietary screening process to look for companies with a capable management team, a sustainable franchise and business model, and durable competitive advantages.

The research process is driven by fundamental analysis of one stock at a time. The team relies on fundamental analysis to purchase companies that are trading at discounts to their estimated intrinsic value relative to factors such as cash flows, assets and liabilities.

As part of its process, the research team also meets with company management.

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

Generally, the fund invests its net assets in publicly traded REITs.