The fund seeks to maximize 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.

Next, the research team invests in stock of companies that are organized in or maintain at least 50% of their assets in, or that derive at least 50% of their revenues from, emerging market countries.

Emerging market countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central and South America, and Africa.

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 looks to capitalize on market inefficiencies resulting from markets failing to take advantage of the impact of economic liquidity, or structural change, and the underpricing of sustainable competitive advantage in companies.

The fund may also engage in securities lending.

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

The sub advisor’s investment process is designed to highlight companies exhibiting above average growth in revenues and cash flow that are reasonably priced relative to their estimated growth rate.

Next, the research team evaluates a company's financial statements, business model, management track record, and competitive advantages relative to the market it competes.

The concentrated portfolio targets to hold less than 35 holdings.    

The fund seeks to maximize total return from capital appreciation and dividends 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.

Next, the research team focuses in stock of non-U.S. companies in at least three foreign countries, which may include companies located or operating in established or emerging market countries.

The team defines a non-U.S. company as one that is domiciled, has its principal place of business, derives at least 50% of its revenue or profits, or has at least 50% of its assets outside the U.S.

Generally, the team invests in Western Europe, the United Kingdom, Japan, Canada, Australia and Asia.

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 seeks to maximize capital appreciation and dividends by investing in large-size companies in the United States.

The investment process is designed to highlight undervalued companies that demonstrate attractive earnings dynamics.

The research team starts with a list of companies in the benchmark index and narrows the investable universe to a list of companies exhibiting better than average valuation.

In addition, the team evaluates a company on the basis of valuation multiples such as earnings or cash flow.

Then the team selects companies for qualitative analysis and identifies companies with a durable earnings stream, sustainable business models and attractive return on investments.

The manager constructs a diversified fund using a list of companies that are favored by the research team and allocates capital based on its risk guidelines.

The fund may also engage in securities lending.

The fund seeks to provide positive returns by investing in 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 utilizes an event driven strategy across a diversified set of equities to achieve attractive absolute returns.

The team invests in companies undergoing significant corporate events such as mergers and/or acquisitions, tender offers, Dutch auctions, recapitalizations, restructuring and divestitures.

Also, the team may invest in a range of other event-driven situations including, without limitation, corporate buy-ins; hostile mergers; pre-bid acquisitions; corporate spin-offs; likely transactions; restructurings; and corporate litigation and regulatory events.

In addition, the team evaluates investments across a number of dimensions, which may include strategic rationale, valuation, antitrust/regulatory issues, political, financing, contractual terms, company and/or industry stability, transaction type, acquirer issues and timing certainty.

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 also invest in foreign issuers through American Depository Receipts and in cash and cash equivalents.

The fund seeks primarily to maximize total return from capital appreciation and dividends, and secondarily to exceed the total return available from direct ownership of real estate with less risk, over the long-term by investing in companies in the United States.

The sub-adviser’s investment process looks to invest in securities of companies principally engaged in the real estate industry.

The investment team considers a company as principally engaged in the real estate industry if at least 50% of the company’s revenues or 50% of the market value of the company’s assets are related to the ownership, operation, construction, development, financing, leasing, management or sale of real estate.

Next, the research team focuses on securities of real estate companies with monopolistic characteristics. The team believes that these companies drive an increase in occupancy rates and better rents over time leading to enhanced dividends and higher real estate values.

The team considers companies where it is more difficult to supply, demand is less cyclical, and tenants are reluctant to leave.

Then the team combines bottom-up fundamental research with a research driven top-down asset allocation to seek favorable real estate investments.

The team then narrows the investable universe to a list of the best property types and geographic regions based on current real estate market conditions.

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 manager selects securities for the portfolio that generate income and exhibit prospects for capital appreciation in the long-term.

The fund is non-diversified, meaning it can invest a greater percentage of its net assets in any one issuer than a diversified fund.

The fund may also engage in securities lending.
 

The fund seeks to maximize capital appreciation 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 growth-oriented common stocks of companies traded on U.S. stock exchanges or in the over-the-counter market.

The team favors companies that are trading at a discount to their growth rate.

In selecting securities for the portfolio, the research team focuses on companies that have a product or service with a superior value proposition, as well as a positive business outlook.

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 also engage in securities lending.
 

The fund seeks primarily long-term capital appreciation and secondarily current income by investing in small-size companies.

The sub-adviser’s investment process starts with a list of companies in the benchmark index. The research team then narrows the list of companies using quantitative analysis that meet strict valuation guidelines and are attractive on a relative to history and peer basis.

The investment team favors companies that are expected to continue its track record of dividend.