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

The investment process is designed to highlight companies that are engaged in the research, development, manufacture, and distribution of various biotechnological products, services, and processes.

The process also focuses on companies that benefit significantly from scientific and technological advances in biotechnology.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation in the long term by investing in companies outside 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 securities of Canadian issuers and other investments that are tied economically to Canada.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Canadian market.

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

The investment process uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Hong Kong, Taiwanese, and Chinese issuers and other investments that are tied economically to the China region.

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 looks to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Hong Kong, Taiwanese, and Chinese market.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different China region countries.
 

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

The investment process is designed to highlight companies in the benchmark index that are engaged in the manufacture and distribution of consumer discretionary products and services.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that are engaged in the manufacture, sale, or distribution of consumer staples.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

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

The investment process uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

The fund seeks capital appreciation 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 a significant portion of the fund’s net assets in equity securities.

The team prefers companies that pay dividends or that have the potential to pay dividends in the future.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to invest in either growth or value stocks or both.
 

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

The investment process is designed to highlight companies that are engaged in the energy field, including the conventional areas of oil, gas, electricity, and coal, and newer sources of energy such as nuclear, geothermal, oil shale, and solar power.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 the flexibility to invest in domestic and foreign issuers.

The fund seeks primarily dividend and interest income and secondarily capital appreciation 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 a significant portion of the fund’s net assets in equity securities.

The team prefers income-producing equity securities, as well as focuses on other types of equity and debt securities, including lower-quality debt securities.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation 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 narrows down the list utilizing quantitative research and fundamental analysis.

Then the research team relies on fundamental research to identify companies that are estimated to trade below their fair values.

The team focuses on undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation in the long term by investing in companies outside 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 securities of European issuers and other investments that are tied economically to Europe.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different European countries.
 

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

The investment process is designed to highlight companies engaged in providing financial services to consumers and industry.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation by investing in companies outside 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 securities of issuers in emerging markets and other investments that are tied economically to emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries.

Also, the portfolio holds between 30 and 70 stocks.
 

The fund seeks capital appreciation in the long term by investing in companies outside 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 securities issued throughout the world.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation by investing in companies outside 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 securities issued throughout the world.

The team focuses on companies principally engaged in the energy, metals, and agriculture group of industries.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks reasonable income as well as capital appreciation by investing in companies outside 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 securities issued throughout the world, focusing on income-producing equity securities.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

Also, the fund seeks to exceed the yield on the benchmark index.

The fund invests in other types of equity securities and debt securities, including lower quality debt securities.

The fund seeks capital appreciation by investing in companies outside 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 securities issued throughout the world, including the United States.

The team focuses on securities of companies principally engaged in the real estate industry and other real estate related investments.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation by investing in companies outside 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 companies engaged in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals. 

The team invests significantly in securities of companies principally engaged in gold-related activities, and in gold bullion or coins.

Additionally, the team invests in other precious metals, instruments whose value is linked to the price of precious metals, and securities of companies that manufacture and distribute precious metal and mineral products (such as jewelry, watches, and metal foil and leaf) and companies that invest in other companies engaged in gold and other precious metal and mineral-related activities.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.
 

The fund seeks high total return 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 a significant portion of the fund’s net assets in companies that pay current dividends and show potential for capital appreciation.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to invest in either growth or value stocks or both.

Also, the fund invests in bonds, including lower-quality debt securities, as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the research, development, manufacture, distribution, supply, or sale of industrial products, services, or equipment.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation in the long term 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 on non-U.S. securities.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team favors companies demonstrating above-average growth potential.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across countries and regions.
 

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.

Next, the research team focuses on non-U.S. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments. Normally investing primarily in common stocks

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation by investing in small-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation by investing in small-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team favors companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation in the long term 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 on securities of Japanese issuers and other investments that are tied economically to Japan.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The investment process uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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 evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

The fund seeks capital appreciation 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 narrows down the list utilizing quantitative research and fundamental analysis.

Then the team focuses on common stocks of leveraged companies that issue lower-quality debt and companies with leveraged capital structures.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 manager potentially invests in lower-quality debt securities, and may invest in growth or value stocks or both.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks primarily capital appreciation and secondarily current income by investing in mega-and large-size companies in the United States.

The investment process uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

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

The investment process is designed to identify companies with above-average growth prospects and are estimated to trade at reasonable valuations.

The research team combines quantitative and technical analysis to identify companies that exhibit high returns on capital, long-term revenue growth potential and strong balance sheets.

The diversified portfolio is designed to reduce individual holding risk and include those companies that are estimated to offer value creation opportunity. 

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 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 a significant portion of the fund’s net assets in equity securities.

The team focuses on companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or peers.

Also, the team invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation by investing in mega-and large-size companies in the United States.

The investment process is designed to highlight companies exhibiting above-average earnings growth potential that are not fully reflected in current market prices.

The research team uses fundamental analysis to identify companies with a strong competitive position, high returns on capital, solid free-cash-flow generation and management teams that are stewards of shareholder capital.

The team believes companies demonstrating earnings growth over a multiyear period offer attractive investment opportunities.

The fund has the flexibility to invest in either growth or value stocks or both. 

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks above-average income and capital appreciation in the long term by investing in companies in the United States.

The investment process is designed to highlight companies principally engaged in the real estate industry and other real estate-related investments.

The fund looks to exceed the composite yield of the benchmark index.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

The fund seeks primarily above-average income and secondarily capital appreciation by investing in companies in the United States.

The investment process is designed to highlight companies principally engaged in the real estate industry and other real estate-related investments.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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

The investment process is designed to highlight companies that are principally engaged in the design, manufacture, or sale of electronic components; equipment vendors to electronic component manufacturers; electronic component distributors; and electronic instruments and electronic systems vendors.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies exhibiting above-average earnings growth potential.

The research team uses fundamental analysis to evaluate companies based on their financial health, position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest in domestic and foreign issuers. 

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 the flexibility to invest in domestic and foreign issuers.

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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation 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 demonstrating above-average growth potential.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation 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 Invests in securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and seeks to deliver attractive risk-adjusted returns over time.

Next the research team relies on fundamental analysis to select stocks within one or more of the major market sectors.

Currently, these sectors include communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities.

Additionally, the portfolio sector weightings are kept similar to those of its benchmark index to add value through active stock selection and minimize the risks associated with sector or market timing.

Then the manager constructs a portfolio where the fund’s assets are invested in one or more central funds which provide exposure to different sectors of the U.S. stock market. Central funds are specialized investment vehicles designed to be used by Fidelity funds.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund invests broadly across all sectors, market capitalizations and styles.

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

The investment process starts with a list of companies in the benchmark index and looks for companies with a proven earnings track record and meets valuation criteria.

The research team then with the help of quantitative and qualitative research evaluates free cash flow stream, revenue and earnings growth profiles, growth drivers, and business model sustainability.

The investment team constructs a diversified portfolio of between 110 and 140 holdings and allocates assets across different market sectors. The active investment style driven by fundamental and momentum factors leads to high portfolio turnover.

The fund has the flexibility to invest in domestic and foreign issuers and allocate the fund’s net assets across different market sectors.

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 list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The research team is using fundamental analysis to evaluate a company’s financial condition and industry position, as well as market and economic conditions.

Next, the team of managers allocates the fund's assets across different market sectors.

The fund invests in either growth or value stocks or both, and has the flexibility to invest in domestic and foreign companies. 

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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates the fund’s assets across different market sectors such as communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities.

The fund seeks reasonable income and capital appreciation 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.

The fund utilizes a strategy of investing in Fidelity’s central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines).

Next, the research team invests a significant portion of the fund’s net assets in equity securities.

The team focuses on equity securities that pay current dividends and show potential for capital appreciation.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates the fund’s net assets among common stocks, Real Estate Investment Trusts and other real estate related investments, convertible securities, and preferred stocks.

The fund invests in other types of equity and debt securities, including lower-quality debt securities.
 

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

The investment process is designed to highlight companies that are principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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

The investment process is designed to highlight companies engaged in the development, production, or distribution of telecommunications services.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 utilizes the benchmark index as a guide in allocating investments across foreign developed and emerging markets, including investments in growth and value stocks, and securities of companies with small market capitalizations.
 

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

The investment process is designed to highlight companies principally engaged in the utilities industry and companies deriving a majority of their revenues from their utility operations.

Next, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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

The investment process starts with a list of companies in the benchmark index and the research team narrows down the list utilizing quantitative research and fundamental analysis.

Then the research team relies on fundamental research to identify companies that are estimated to trade below their fair values.

The team focuses on undervalued companies relative to factors such as assets, earnings, or growth potential.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 the flexibility to invest in domestic and foreign issuers.

The fund invests in medium-sized companies, but also may invest substantially in larger or small companies.

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

The investment process is designed to highlight undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

The research team starts with a list of companies in the benchmark index and narrows down the list using quantitative research and fundamental analysis.

The research team then uses fundamental analysis and qualitative research to evaluate companies on the basis of their financial health, position in the industry they operate in, as well as macroeconomic conditions.

The investment team constructs a diversified fund of companies that are leading their market segments, have financial strength, and earnings power to sustain future cash flow growth.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process starts with a list of companies in the benchmark index and the research team narrows down the list utilizing quantitative research and fundamental analysis.

The process seeks to deliver attractive risk-adjusted returns over the long term.

Then the research team relies on fundamental research to identify companies that are estimated to trade below their fair values.

The team focuses on undervalued companies relative to factors such as assets, sales, earnings, growth potential, or free cash flow.

Next, the team emphasizes high-quality companies with excellent competitive positions and superior returns on invested capital.

The research team focuses on companies, whose management can estimate future performance, having demonstrated earnings and cash flow growth over multiyear periods.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the manager constructs a diversified portfolio of 60 to 80 stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund invests in medium-sized companies, but also may invest substantially in larger or small companies.

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.

Next, the research team Invests in securities issued throughout the world.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

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

The investment process is designed to highlight well-established companies exhibiting above-average earnings growth potential. The process looks for companies that are estimated to be lagging in market valuation to their long term growth potential.

The research team uses fundamental analysis to evaluate companies based on their financial health, position in the industry they operate in, as well as macroeconomic conditions.

Then the research team looks for companies with the presence of near-term catalysts such as product cycles, a change in management and turnaround situations.

Next, the team also considers companies that display a competitive advantage, pricing power and strong management team.

The fund favors high quality companies with leading in their markets and operated by management with a proven track record.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies exhibiting above-average earnings growth potential with durable business models.

The research team uses fundamental analysis to evaluate companies based on their financial health, status in the industry they operate in, as well as macroeconomic conditions.

The research team looks for companies with the presence of near-term catalysts such as product cycles, a change in management and turnaround situations.

The team also considers companies that display a competitive advantage, pricing power and strong management team.

The process looks to exploit mispriced valuations in well-established and well-capitalized companies whose durability of growth are mispriced or misunderstood.    

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

The investment process is designed to highlight undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

The process starts with a list of companies in benchmark index and looks for companies that are estimated to be lagging in market valuation to their long term growth potential and trading at a discount to their estimated intrinsic value.

Next, the research team utilizes fundamental analysis to evaluate well-established companies based on their financial health, position in the industry they operate in, as well as macroeconomic conditions.

In addition, the team focuses on companies with consistent cash flow generation.

The investment team builds a concentrated portfolio of companies with both cheap valuations and high-quality franchises. These companies are expected to offer above-average returns on invested capital and operate in businesses protected by strong entry barriers.

The fund has the flexibility to invest in domestic and foreign issuers and is structured to maintain a lower beta and a higher-quality orientation than its underlying benchmark index.

The fund seeks capital appreciation in the long term by investing in companies outside 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 securities of Canadian issuers and other investments that are tied economically to Canada.

The team prefers companies with excellent and steady returns and high payback to shareholders trading at attractive valuations.

Additionally, the team believes that long-term value is often mispriced by a short-term-focused market.

Overall, the fund focuses on good businesses at attractive valuations operated by management teams aligned with shareholders’ interests.

The team emphasizes companies with a track record of delivering high investment returns and the capacity to sustain or improve cash payouts to shareholders.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Canadian market.
 

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average earnings growth potential.

The strategy is based on the premise that stock prices follow earnings growth.

Then the research team utilizes quantitative techniques to select companies estimated to grow earnings faster than the market, with an emphasis on quality.

The team employs a go-anywhere approach in favoring companies with growth catalysts, such as new products, acquisitions or turnaround situations.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Hong Kong, Taiwanese, and Chinese issuers and other investments that are tied economically to the China region.

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 looks to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Hong Kong, Taiwanese, and Chinese market.

The team focuses on growth companies trading at reasonable prices.

In addition, the team considers companies that are estimated to trade below their fair values due to macroeconomic trends and/or experiencing financial recovery with attractive risk-reward.

Also, the team prefers well-positioned companies with high and sustainable rates of organic growth.

The team favors companies with balance sheet strength and reasonable valuation relative to growth potential.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different China region countries.

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

The investment process is designed to highlight companies exhibiting sustained above-average earnings growth potential that are not fully reflected in current market prices.

The research team uses fundamental analysis to identify companies with a strong competitive position, high returns on capital, solid free-cash-flow generation and management teams that are stewards of shareholder capital.

The team also evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The team believes companies demonstrating earnings growth over a multiyear period offer attractive investment opportunities.

The fund has the flexibility to invest in either growth or value stocks or both.

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

The investment process is designed to highlight companies exhibiting sustained above-average earnings growth potential that are not fully reflected in current market prices.

The research team uses fundamental analysis to identify companies with a strong competitive position, high returns on capital, solid free-cash-flow generation and management teams that are stewards of shareholder capital.

The team also evaluates companies based on their financial health, status in the industry they operate in, as well as macroeconomic conditions.

The team believes companies demonstrating earnings growth over a multi-year period offer attractive investment opportunities.

The fund has the flexibility to invest in either growth or value stocks or both. 

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

The investment process is designed to highlight companies exhibiting sustained above-average earnings growth potential that are not fully reflected in current market prices.

The research team uses fundamental analysis to identify companies with a strong competitive position, high returns on capital, solid free-cash-flow generation and management teams that are stewards of shareholder capital.

The team also evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The team believes companies demonstrating earnings growth over a multiyear period offer attractive investment opportunities.

The fund has the flexibility to invest in either growth or value stocks or both. 

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

The investment process is designed to highlight companies in the benchmark index where fundamentals are improving.

The research team believes that companies with improving fundamentals exist in all areas of the market and exhibit different return profiles.

The research team relies on quantitative analysis to evaluate a company’s growth potential, valuation, liquidity, and investment risk.

Next the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

In addition the team narrows the investable universe to a list of companies on the basis of growth, quality and valuation factors.

In the growth sleeve, the team looks for companies exhibiting secular or quality growth trends, and in the quality sleeve, consistency and durability of a company’s financial performance are assessed.

Additionally, the process focuses on companies that are lagging in market price and trading at a discount to their estimated intrinsic value.

Then the manager employs a disciplined investment approach to construct a balanced portfolio of companies with the potential for consistent and superior performance over a full market cycle.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities, that is stocks from foreign developed markets.

The team prefers high-quality businesses with sustainable or improving growth prospects that are benefiting from competitive advantages and are structured to achieve consistent profitability.

Also, the team favors companies with balance sheet strength, proven performance history, high returns on capital and capable management teams aligned with shareholders’ interests.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities, that is stocks from foreign developed markets.

The team prefers high-quality businesses with sustainable or improving growth prospects that are benefiting from competitive advantages and are structured to achieve consistent profitability.

Also, the team favors companies with balance sheet strength, proven performance history, high returns on capital and capable management teams aligned with shareholders’ interests.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation by investing in mid-and large-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 invests a significant portion of the fund’s net assets in equity securities.

The team prefers companies that pay dividends or that have the potential to pay dividends in the future.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to invest in either growth or value stocks or both.

The fund seeks capital appreciation by investing in companies that invest in securities of Asian emerging market issuers and other investments that are tied economically to Asian emerging markets.

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 investment team considers Asian countries with emerging markets to include Hong Kong, India, Indonesia, South Korea, Malaysia, the Philippines, the People's Republic of China, Singapore, Taiwan, and Thailand.

Next, the research team relies on the perception that due to investor psychology, market microstructure and asymmetric information, markets are not wholly efficient.

The team believes these perceptions result in companies being mispriced and looks to capitalize on these opportunities.

In addition, the team prefers companies with sustainable growth characteristics with an overlay of sound risk management to help enhance returns.

As part of its stock selection process, the team focuses on companies with high potential for structural growth, superior free cash flow and steady high returns driven by excellent business models and proven management teams.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Asian countries with emerging markets.

The fund seeks capital appreciation by investing in small-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.

The strategy looks to invest in companies exposed to the secular-growth trends of ascendant emerging markets economies.

Next, the research team focuses on securities of issuers in emerging markets and other investments that are tied economically to emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries, as well as emerging markets sectors.

The fund has the flexibility to invest in either growth or value stocks or both.
 

The fund seeks capital appreciation by investing in companies outside 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 securities of issuers in emerging markets and other investments that are tied economically to emerging markets.

The team believes investor psychology, market microstructure and asymmetric information lead to mispricings.

Now, the team looks to capitalize on these market inefficiencies that create opportunities for active management.

In addition, the team is of the view that owning durable growth companies increases the likelihood of adding value over the long term.

Also, the team focuses on companies with high potential for structural growth, excellent free cash flow and sustainable high returns driven by superior business models and proven management teams.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries.

The fund seeks reasonable income and capital appreciation 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 a significant portion of the fund’s net assets in equity securities.

The team focuses on income-producing equity securities that pay current dividends and show potential for capital appreciation.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 invests in other types of equity and debt securities, including lower-quality debt securities.
 

The fund seeks reasonable income and capital appreciation 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 a significant portion of the fund’s net assets in equity securities.

The team prefers income-producing equity securities, as well as focuses on other types of equity and debt securities, including lower-quality debt securities.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation in the long term 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 on securities of European issuers and other investments that are tied economically to Europe.

The team believes that return on capital and free-cash-flow generation drive stock price over the long term.

Also, the team favors companies with excellent management teams and franchises, and that generate returns above their cost of capital over a market cycle.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value and whose future earnings power is not reflected in their current valuations.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different European countries.
 

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

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The research team using fundamental analysis evaluates a company’s valuation multiples on the basis of earnings, cash flow, book value, dividend yield, growth of earnings, as well as capitalization and industry exposures.

The fund also relies on historical data and correlations to build a portfolio of securities that closely matches the composition of the benchmark.    

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

The investment process is designed to highlight companies in the benchmark index that are engaged in providing financial services to consumers and industry.

The strategy seeks to outperform its benchmark through active management.

Next, the research team focuses on quality companies that offer high return on equity. The team believes these companies have excellent growth potential and ability to generate attractive risk-adjusted returns.

In addition, the team emphasizes companies with improving fundamentals at attractive valuations relative to the index.

Then the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team considers attractive financial stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation in the long term by investing in small-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 relies on the benchmark index in allocating investments across foreign developed and emerging markets, including investments in growth or value stocks, and securities of small market capitalization companies.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities included in the benchmark index and in depository receipts representing securities included in the index.

The fund employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth, country weightings, and the effect of foreign taxes.

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 focuses on securities of foreign developed and emerging stock markets.

The fund has the flexibility to lend securities to earn income.

The fund seeks capital appreciation by investing in companies outside 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 securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

The team favors companies demonstrating above-average growth potential.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.
 

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside 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 securities of companies demonstrating above-average growth potential.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.
 

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

The investment process starts with companies in the benchmark index and the team identifies companies that exhibit accelerated earnings or revenue growth outlook.

Next, the research team with the help of fundamental research analyzes financial, industry, as well as market and economic conditions of companies.

The fund has the flexibility to invest in companies with smaller or larger market capitalizations.

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

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The manager has the flexibility to lend securities to earn income for the fund. 

The fund seeks capital appreciation in the long term by investing in mid-size companies outside 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 securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.

The fund has the flexibility to invest in companies with smaller or larger market capitalizations.

The fund seeks capital appreciation by investing in companies outside 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 underappreciated companies that are lagging in market price and not yet recognized by investors.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.

The fund has the flexibility to invest in either growth or value stocks or both.

The fund seeks above-average income and capital appreciation in the long term by investing in companies in the United States.

The investment process is designed to highlight companies principally engaged in the real estate industry and other real estate-related investments.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

The fund seeks capital appreciation 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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates the fund’s assets across different market sectors such as consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, telecom services, and utilities.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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.

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 has the flexibility to lend securities to earn income.
 

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

The investment process is designed to highlight companies exhibiting growth at a reasonable price characteristic.

The research team uses quantitative techniques to identify companies growing faster than the market and trading at attractive valuations.

The team also evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The portfolio is focused with approximately 30 to 80 holdings with each position is allocated capital based on its expected value creation potential.

The fund has the flexibility to invest in either growth or value stocks or both. 

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

The investment process looks to buy high-quality companies that exhibit consistent growth and generate positive free cash flow at reasonable prices. The team believes these companies can outperform the market over time.

The research team uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, potentially investing a portion of assets in bonds, including lower-quality debt securities.

The manager may also invest in either growth or value stocks or both.

The fund seeks capital appreciation by investing in companies outside 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 securities issued throughout the world.

The team focuses on companies principally engaged in the energy, metals, and agriculture group of industries.

Also, the team seeks to uncover inefficiencies within the investable universe.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks reasonable income as well as capital appreciation by investing in companies outside 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 securities issued throughout the world, focusing on income-producing equity securities.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

Also, the fund seeks to exceed the yield on the benchmark index.

The fund invests in other types of equity securities and debt securities, including lower quality debt securities.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities included in the benchmark index and in depository receipts representing securities included in the index.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth, country weightings, and the effect of foreign taxes.

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 relies on historical data and correlations to build a portfolio of securities that replicate the composition and characteristics of the benchmark index.

Also, the manager focuses on securities of foreign developed and emerging stock markets.

The fund has the flexibility to lend securities to earn income.
 

The fund seeks high total return 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 a significant portion of the fund’s net assets in companies that pay current dividends and show potential for capital appreciation.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to invest in either growth or value stocks or both.

Also, the fund invests in bonds, including lower-quality debt securities, as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential. Growth may be measured by factors such as earnings or revenue.

The research team focuses on companies operating in well-positioned industries and niches that are capable of delivering persistent sales and earnings growth.

Through this approach the team identifies companies that have the potential to unlock shareholder value through either a growth-enhancing product cycle or an internal catalyst such as a turnaround or acquisition.

In selecting growth stocks, the team focuses on companies whose growth potential is underappreciated by investors.

Additionally, the investment team seeks companies that fund their own growth through the cash they generate and benefit from management teams focused on creating long-term shareholder value.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager invests across a spectrum of companies, from well-established to aggressive growth.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process begins by identifying undervalued stocks with the potential for price-to-earnings expansion. The process is designed to highlight companies exhibiting above-average earnings growth potential.

Next, the research team uses quantitative techniques to identify companies with earnings growth, proven track records and who are leaders in their respective industry.

The team evaluates the business model of companies as well as their financial health, competitive position in the industry they operate in, and macroeconomic factors.

The fund avoids securities that have unreasonably high valuations or deteriorating business fundamentals.

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

The investment process is designed to highlight companies in the benchmark index that exhibit the potential for accelerated earnings or revenue growth.

Then the research team looks to buy stocks of high-quality companies that exhibit persistent growth and generate positive free cash flow.

The team believes that these companies can outperform the market over time when purchased at reasonable prices.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

The process utilizes a research driven approach to uncover opportunities that are trading at a discount to their estimated intrinsic value and/or growth prospects not yet recognized by investors.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 investments in medium-sized companies, but may also invest substantially in larger or smaller companies.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit the potential for accelerated earnings or revenue growth.

Then the research team looks to buy stocks of high-quality companies that exhibit persistent growth and generate positive free cash flow.

The team believes that these companies can outperform the market over time when purchased at reasonable prices.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

The process utilizes a research driven approach to uncover opportunities that are trading at a discount to their estimated intrinsic value and/or growth prospects not yet recognized by investors.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 investments in medium-sized companies, but may also invest substantially in larger or smaller companies.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team considers high-quality growth stocks benefiting from long-term mega trends, as well as brands, barriers to entry and excellent management teams.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

Also, the manager utilizes an equal-active-weight approach to limit the impact of dramatic fluctuations in any single position, while still allowing for high active share.

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team considers high-quality growth stocks benefiting from long-term mega trends, as well as brands, barriers to entry and excellent management teams.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

Also, the manager utilizes an equal-active-weight approach to limit the impact of dramatic fluctuations in any single position, while still allowing for high active share.

The fund seeks capital appreciation in the long term 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 on non-U.S. securities.

The team prefers high-quality companies exhibiting above-average growth prospects that are trading at reasonable prices.

Also, the team emphasizes companies that have steady and high returns on capital, sustainable competitive positions, consistent profitability, superior free-cash-flow generation, balance sheet strength and management teams aligned with shareholders’ interests.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation by investing in mega-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 utilizes quantitative analysis of historical valuation, growth, and profitability to select stocks that demonstrate a higher total return potential than that of the benchmark index.

Also, the team employs multifactor statistical models to select companies with improving fundamentals and that are trading at reasonable valuations.

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 has the flexibility to lend securities to earn income.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team favors companies demonstrating above-average growth potential.

Additionally, the team prefers companies with multiyear structural growth prospects, high barriers to entry and attractive valuations.

Also, the team divides investment ideas into three main categories such as structurally attractive growth themes, cyclically out-of-favor companies with limited competition and pricing power, and companies with superior earnings potential that may be cheap due to macroeconomic events.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across countries and regions.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities included in the benchmark index, which represents the performance of foreign stock markets.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

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 replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Also, the fund has the flexibility to lend securities to earn income.
 

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.

Next, the research team focuses on non-U.S. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation by investing in small-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 focuses on non-U.S. securities, including securities of issuers located in emerging markets.

The team favors high-quality companies trading at discounts to their intrinsic value.

Also, the team prefers companies that may be out of favor with investors.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation by investing in small-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

Additionally, the team prefers companies with multiyear structural growth prospects, high barriers to entry and attractive valuations.

Also, the team divides investment ideas into three main categories such as structurally attractive growth themes, cyclically out-of-favor companies with limited competition and pricing power, and companies with superior earnings potential that may be cheap due to macroeconomic events.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 focuses on securities included in the benchmark index and in depository receipts representing securities included in the index.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth, country weightings, and the effect of foreign taxes.

Additionally, 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 manager focuses on securities across developed and emerging markets, excluding the United States.

The fund has the flexibility to lend securities to earn income.

The fund seeks capital appreciation by investing in mega-and large-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team favors high-quality companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

Additionally, the team emphasizes companies with financial and balance sheet strength, stable returns on equity, high shareholder remuneration via dividends and/or share buybacks and the ability to generate consistent free cash flows.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

The fund seeks capital appreciation in the long term 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 on securities of Japanese issuers, and other investments that are tied economically to Japan.

The team favors companies that have the ability to improve their returns on equity over time.

When selecting securities, the team looks for good businesses that are attractively priced relative to the market and that are benefiting from new market development, evolving capital structures, efficiency improvements, pricing power or a change in management incentives.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 approximately between 70 and 100 holdings.
 

The fund seeks capital appreciation in the long term by investing in small-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 focuses on securities of Japanese issuers, and other investments that are tied economically to Japan.

The team focuses on companies that are mispriced and looks to capitalize on these opportunities.

Also, the team prefers companies with stable returns on capital, sustainable competitive advantages, superior free cash flow and attractive reinvestment opportunities.

The research team also favors companies with high shareholder remuneration via dividends and/or share buybacks.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 purchase high-quality companies below their estimated fair value that can generate excess return, and help manage risk, over a full market cycle.
 

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

The sub-advisor’s systematic investment process looks to select companies with improving fundamentals and that are trading at reasonable valuations.

The research team uses quantitative analysis to highlight companies that outperform the benchmark index. Next, the team considers factors such as historical valuation, growth, and profitability to identify potential investments.

The fund has the flexibility to invest its net assets in securities of domestic and foreign issuers and may lend securities to earn income.

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

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

The research team prefers companies that outperform the benchmark index.

The team narrows the investable universe to a list of companies exhibiting improving fundamentals and that are trading at reasonable valuations. The team also considers factors such as historical valuation, growth, and profitability of a company.

The fund uses a dynamic factor allocation model to adapt to changing market conditions, and has the flexibility to invest in domestic and foreign issuers.

The fund seeks to replicate total return performance of the benchmark index by investing in mega-and large-size companies in the United States.

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

The fund has the flexibility to lend securities to earn income.

The fund may operate as a non-diversified fund pursuant to a change in relative market capitalization or index weighting of one or more constituents of the benchmark index.

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

The investment process is designed to highlight companies that exhibit attractive earnings and dividend yield potential over the next two to three years.

Next, the research team uses fundamental analysis to identify companies that are lagging in market price or trading at a discount to their estimated intrinsic value not yet recognized by investors.

The team also evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

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

The investment process is designed to highlight companies that exhibit attractive earnings and dividend yield potential over the next two to three years.

Next, the research team uses fundamental analysis to identify companies that are lagging in market price or trading at a discount to their estimated intrinsic value not yet recognized by investors.

The team also evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

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

The sub-adviser’s investment process utilizes fundamental analysis to identify companies that have the potential to outperform the benchmark index.

Next, the research team employs multi-factor statistical models to select companies demonstrating positive fundamental characteristics, business metrics, and financial indicators.

The team generally favors companies with improving fundamentals with stocks trading at reasonable valuations to their future growth potential and relative to peers.

The fund has the flexibility to invest in domestic and foreign issuers and may lend its securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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.

The strategy looks to invest in the stocks of companies located, or with primary operations, in Latin America.

Next, the research team focuses on companies with attractive risk/reward characteristics, superior business models, proven management teams, healthy balance sheets, high free-cash-flow yields and sustainably high returns on equity.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

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

The investment process starts with a list of companies in the benchmark index with a high level of outstanding debt, or leverage.

Then the research team focuses on stocks of leveraged companies that issue lower-quality debt and companies with leveraged capital structures.

The team prefers companies with attractive valuations, strong competitive positioning and management teams that can prudently use free cash flow to grow shareholder value and reduce leverage over the intermediate term.

Next the research process strives to uncover these companies through in-depth fundamental value and credit analysis of the entire capital structure.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the manager constructs a portfolio of stocks with the goal of producing favorable risk-adjusted returns over time.

The manager potentially invests in lower-quality debt securities, and may invest in growth or value stocks or both.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The sub-adviser’s investment process is driven by an opportunistic approach to identify undervalued stocks from a list of companies in the benchmark index.

The process relies on quantitative analysis to look for companies that are mispriced and may be out of favor with investors.

Then the research team narrows the investable universe to a list of higher-quality companies that demonstrate stable growth prospects and are trading at a discount to their estimated intrinsic value.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the portfolio is constructed of low-priced stocks that are resilient and growing with capable management teams.

The fund may invest in growth or value stocks or both.

The fund seeks capital appreciation by investing in small-and mid-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 invests a significant portion of the fund’s net assets in low-priced stocks.

The team seeks to buy higher-quality companies with stable growth prospects and that trade at a discount to their estimated intrinsic (fair) value.

Also, the team invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to invest in either growth or value stocks or both.

Also, the fund may potentially invest in stocks not considered low-priced.

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

The investment process employs proprietary quantitative and bottom-up fundamental analysis to identify high-quality growth companies benefiting from global macroeconomic trends. The process also considers factors such as brands, barriers to entry and superior management teams.

The research team strives to optimize alpha and has an equally weighted portfolio to limit the impact of dramatic fluctuations in any single position.

The team evaluates the business model of companies as well as their financial health, competitive position in the industry they operate in, and macroeconomic factors.

The fund has the flexibility to invest in either growth or value stocks or both, and also has the ability to invest in domestic and foreign issuers across all market capitalizations and styles.

The fund seeks primarily capital appreciation and secondarily current income by investing in mega-and large-size companies in the United States.

The investment process is designed to highlight companies that exhibit attractive earnings and dividend yield potential over the next two to three years.

Next, the research team uses fundamental analysis to identify companies that are lagging in market price or trading at a discount to their estimated intrinsic value not yet recognized by investors.

The team also evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

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

The investment process starts with a list of companies in the benchmark index and looks for ways to enhance returns employing fundamental techniques to select companies with improving fundamentals and that are also trading at reasonable valuations.

The research team with the help of quantitative analysis highlights stocks that demonstrate the potential to provide a higher total return than that of the benchmark.

The team narrows the investable universe on the basis of historical valuation, growth, and profitability.

The portfolio is so constructed to balance both risk and return.    

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

The investment process uses qualitative research, fundamental analysis, and valuation guidelines to identifying companies that are trading at a discount to their intrinsic value.

The research team uses bottom-up fundamental research, competition analysis, and management evaluation to identify high-quality companies that have the potential to deliver long-term outperformance.

The team narrows the investable universe to companies based on financial strength, industry position, and macroeconomic conditions.

Normally the fund invests in mid-size companies but has the flexibility to invest in smaller or larger market capitalizations companies. 

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 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 a significant portion of the fund’s net assets in securities of companies with medium market capitalizations.

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

Also, the team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to invest in either growth or value stocks or both.

Additionally, the fund may potentially invest in companies with smaller or larger market capitalizations.

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

The investment process focuses on one stock at a time and with the help of fundamental analysis identifies companies whose future earnings power differs from market consensus and where the potential payoff is high.

The research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Next, the team also looks for investment opportunities in emerging growth stocks, compounders, and mean-reversion stocks. The process takes into consideration the magnitude and durability of the growth rate; and the timing, duration or magnitude of the market cycle of these stocks.

The portfolio is constructed with either growth or value stocks or both.

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses 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 investable opportunities.

Next the research team utilizes sampling techniques to evaluate a company on factors such as capitalization, industry exposures, dividend yield, and valuation multiples such as earnings, book value and earnings growth.

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 the flexibility to lend securities to earn income and is non-diversified.

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

The investment process is driven by fundamental analysis to identify companies in the benchmark index whose earnings potential is not yet recognized by investors.

The process seeks to take advantage of significant discrepancies between the current stock market price and the underlying earnings power of a company.

Next the research team identifies early signs of long-term changes in the marketplace and focuses on those companies that may benefit from opportunities created by these changes.

Then the research team examines a company’s technological advances, product innovation, economic plans, demographics, and social attitudes.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level and differentiated view on future earnings power versus its potential payoff.

The fund may invest in emerging growth stocks and broadly across all sectors, market capitalizations and styles.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund seeks capital appreciation in the long term 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 on securities of Danish, Finnish, Norwegian, and Swedish issuers and other investments that are tied economically to the Nordic region.

The team believes that return on capital and free-cash-flow generation drive stock price over the long term.

Also, the team favors companies with excellent management teams and franchises, and that generate returns above their cost of capital over a market cycle.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value and whose future earnings power is not reflected in their current valuations.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Nordic market.

Additionally, the manager allocates investments across different Nordic countries.

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

The investment process is designed to highlight dynamic growth companies listed on the Nasdaq stock exchange.

The process focuses in securities principally traded on NASDAQ or an over-the-counter market, which has more small and medium-sized companies than other markets.

Then the research team focuses on companies demonstrating above-average earnings growth potential with sustainable business models, whose rate and/or durability of growth potential is underappreciated by investors.

The research team looks for companies with the presence of near-term catalysts such as product cycles, a change in management and turnaround situations.

The team believes finding companies with a competitive advantage, pricing power and strong management teams will deliver superior earnings over the long term.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic 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 fund has the flexibility to investing more than 25% of its net assets in the technology sector.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities.

The team prefers high-quality companies trading at attractive prices that can outperform the market over the long term.

Additionally, the team favors companies with unique business models that demonstrate the ability to generate sustainably high returns on capital through a full business cycle.

Also, the team assesses if these companies are trading at a discount to their estimated intrinsic value.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.
 

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

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.

Next, the research team focuses on securities of Pacific Basin issuers and other investments that are tied economically to the Pacific Basin.

The team believes investor psychology, market microstructure and asymmetric information lead to mispricings.

Now, the team looks to capitalize on these market inefficiencies that create opportunities for active management.

In addition, the team is of the view that owning durable growth companies increases the likelihood of adding value over the long term.

Also, the team focuses on companies with high potential for structural growth, excellent free cash flow and sustainable high returns driven by superior business models and proven management teams.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Pacific Basin countries.

The fund seeks primarily above-average income and secondarily capital appreciation by investing in companies in the United States.

The investment process is designed to highlight companies principally engaged in the real estate industry and other real estate-related investments.

Next, the research team focuses on high-dividend-paying companies and avoids long-dated bonds that trade at tight credit spreads.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

The fund seeks above-average income and capital appreciation in the long term by investing in companies in the United States.

The investment process is designed to highlight companies principally engaged in the real estate industry and other real estate-related investments.

The fund looks to exceed the composite yield of the benchmark index.

Next, the research team focuses on companies that own and, in most cases, operate commercial real estate properties.

The team believes investment in real estate securities provides portfolio diversification, steady income generation, total return and the ability to outpace inflation.

Also, the research process seeks to determine the relative attractiveness of individual REITs and capitalize on the pricing discrepancies in the market.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities and in depository receipts representing securities included in the index.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

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 has the flexibility to lend securities to earn income.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities, which represents the performance of foreign stock markets.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

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 has the flexibility to lend securities to earn income.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on companies that in the aggregate have lower volatility relative to the broader foreign developed equity markets.

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 has the flexibility to lend securities to earn income.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities, which represents the performance of international stocks with attractive valuations.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

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 has the flexibility to lend securities to earn income.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 focuses on securities in real estate investment trusts and other real estate-related investments.

The team looks for securities included in the benchmark index.

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 has the flexibility to lend securities to earn income.
 

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

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The manager has the flexibility to lend securities to earn income for the fund.    

The fund seeks to replicate total return performance of the benchmark index by investing in large-size companies in the United States.

The fund has the flexibility to lend securities to earn income.

The fund seeks to provide investment results that correspond to the total return of low volatility stocks by investing in companies in the United States.

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

The research team focuses on companies in the Fidelity U.S. Low Volatility Focus Index that in the aggregate have lower volatility relative to the broader U.S. equity market.

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 the flexibility to lend securities to earn income.

The fund seeks to replicate total return performance of the benchmark index by investing in mega-and large-size companies in the United States.

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

The team narrows the investable universe to a list of companies demonstrating higher price momentum.

The fund has the flexibility to lend securities to earn income.

The fund seeks total return performance by investing in mega-and large-size companies in the United States.

The sub-advisor’s investment process starts with the list of stocks included in the Fidelity U.S. Quality Focus Index that have attractive quality scores.

Next, the research team uses quality scores for non-financial companies and non-real estate investment trusts. The team considers factors such as high free cash flow margin, return on invested capital, gross profit margin, and return on equity; stable earnings growth, return on assets, free cash flow, and accruals; and low financial leverage and accruals.

Then the team ranks financials and real estate investment trusts on the basis of high return on equity, stable earnings growth and return on equity, and low financial leverage.

The fund employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings, book value, and earnings growth.

The fund has the flexibility to lend securities to earn income.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in companies in the United States.

The sub-adviser’s investment process starts with a list of stocks included in the Fidelity U.S. Value Focus Index with attractive valuations.

Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The fund employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings, book value, and earnings growth.

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

The fund has the flexibility to lend securities to earn income.

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

The investment process is designed to highlight companies in the benchmark index that are engaged in the manufacture, marketing or sale of automobiles, trucks, specialty vehicles, parts, tires, and related services.

The strategy seeks to outperform its benchmark through active management.

Then the research team focuses on companies with earnings growth that is in line with or faster than the index.

The team narrows the investable universe to a list of companies demonstrating above-average growth as a result of superior geographic sales mix, suppliers with growing content per vehicle that is outpacing underlying production, and companies that are repurchasing shares, thereby accelerating earnings-per-share growth.

In addition, the team prefers higher-quality companies with valuations that are in line with or less expensive than the index. The research team focuses on comparing a company’s discounted free cash flow multiples relative to its peers.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager also considers attractive consumer stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that are engaged in providing financial services to consumers and industry.

The strategy seeks to outperform its benchmark through active management.

Next, the research team focuses on quality companies that offer high return on equity. The team believes these companies have excellent growth potential and ability to generate attractive risk-adjusted returns.

In addition, the team emphasizes companies with improving fundamentals at attractive valuations relative to the index.

Then the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team considers attractive financial stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the research, development, manufacture, and distribution of various biotechnological products, services, and processes.

The process also focuses on companies that benefit significantly from scientific and technological advances in biotechnology.

The strategy seeks to outperform its benchmark index through active management.

Then the research team evaluates a company’s free cash flow and the probability risk-adjusted net present value of future earnings, the standard valuation method in the drug-development industry.

In addition, the team assesses a company's drug pipeline, the size of its market opportunity and its relative valuation.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager focuses around four major themes such as long-term winners with superior product pipelines, turnaround situations, breakthrough innovations and early-stage firms with promising science.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation 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.

Then the research team focuses on companies engaged in the exchange of financial instruments, stock and commodity brokerage, investment banking, tax-advantaged investment or investment sales, investment management, and financial decision support services.

These companies include investment management firms, institutions providing custody services, investment banks, brokerage and asset management firms, financial exchanges for securities, commodities, derivatives and providers of financial decision support tools, products, and ratings.

Also, the team looks to buy high-quality financial companies demonstrating sustainable growth at reasonable prices. The team believes these companies can outperform the market over time.

The team relies on fundamental analysis to highlight companies with higher profit generating ability and intrinsic value that are not fully reflected in current market prices.

Then the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team considers attractive financial stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the research, development, manufacture or marketing of products or services related to the chemical process industries.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team focuses on companies exhibiting a positive change in business fundamentals not fully reflected in current market prices and yet to be recognized by investors

The team prefers companies that are reasonably valued with improving returns on capital, steady free-cash-flow yields, expansion of valuation multiples such as earnings, or defensive-growth characteristics.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the development, production, or distribution of communication services.

The strategy seeks to outperform its benchmark index through active management.

Then the research process is driven by fundamental analysis of one stock at a time. The research team believes that growth, earnings revisions, and free cash flow per share drive communication services stocks.

Next, the team emphasizes companies with sustained growth with the potential to generate consistent excess returns.

In addition, the team relies on fundamental analysis to identify companies that have the greatest dislocation between long-term earnings-growth potential and valuation.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in research, design, development, manufacture or distribution of products, processes, or services that relate to currently available or experimental hardware technology within the computer industry.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team looks for companies whose long-term earnings- and cash-flow potential are misunderstood by the market.

The team emphasizes companies with positive earnings revisions and improving fundamentals.

In addition, the team considers securities of attractive technology companies outside of the benchmark that offer the potential for favorable risk-adjusted returns.

The research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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

The investment process is designed to highlight companies that are engaged in the design and construction of residential, commercial, industrial and public works facilities, as well as companies engaged in the manufacture, supply, distribution, or sale of construction and housing products or services.

The strategy seeks to outperform its benchmark index through active management.

Then the research team focuses on identifying companies that present anomalies between valuation and its expectations.

The team seeks to capitalize on behavioral biases within the market.

In addition, the team emphasizes companies with franchise value, recurring revenues and above-average free-cash-flow conversion.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the manufacture and distribution of consumer discretionary products and services.

The strategy seeks to outperform its benchmark index through active management.

Then the research team focuses on companies with attributes such as a tailwind from improving consumer macro trends, market-share gains, a technology lead relative to peers, improving margins, increasing returns of capital to shareholders, and reasonable valuation.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager also considers attractive consumer stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies providing products and services associated with consumer finance.

The strategy seeks to outperform its benchmark through active management.

Next, the research team relies on fundamental analysis to look for mispriced companies not yet recognized by the market.

The team prefers companies with superior economic tailwinds, sustainable competitive advantages, and ability to compound earnings over time.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the manufacture, sale, or distribution of consumer staples.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team prefers sustainable companies having the ability to increase value and delivering above-average earnings growth over time.

The team looks for companies with attractive valuations whose growth potential is not yet recognized by the market.

Then the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team takes a multiyear investment perspective and also looks to capitalize on short-term market opportunities.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the research, manufacture or sale of products or services related to the defense or aerospace industries.

The strategy seeks to outperform its benchmark index through active management.

Then the research team looks with a long-term time horizon focus to invest in companies that are exhibiting growth prospects.

The team favors companies with superior business models, balanced capital allocation and high recurring free cash flow and that are trading at reasonable valuations.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation 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.

The investment team looks to invest in companies in the energy field, including the conventional areas of oil, gas, electricity and coal, and newer sources of energy such as nuclear, geothermal, oil shale and solar power.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team relies on fundamental analysis to look for companies that are trading at a discount to their estimated intrinsic values.

The team believes that energy stocks can become mispriced due to either overemphasis on short-term commodity price swings, underappreciation of changes in technology or cost structures, or geopolitical events.

In selecting energy stocks, the team employs in-depth fundamental research to evaluate the drivers of supply and demand along with valuations and growth potential.

The team prefers companies with differentiated technologies, business models, cost positions or restructuring opportunities that have the potential to deliver superior earnings.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in business activities related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, or other environmental support services.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team employs fundamental analysis to look for companies with excellent balance sheets at attractive valuations.

In addition, the team prefers companies that are trading at a discount to their estimated intrinsic value.

Also, the team relies on proprietary in-house research to capitalize on the discrepancy between price and valuation of companies.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation by investing in companies outside 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 companies engaged in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals.

The team invests significantly in securities of companies principally engaged in gold-related activities, and in gold bullion or coins.

Additionally, the team invests in other precious metals, instruments whose value is linked to the price of precious metals, and securities of companies that manufacture and distribute precious metal and mineral products (such as jewelry, watches, and metal foil and leaf).

Also, the team favors companies that invest in other companies engaged in gold and other precious metal and mineral-related activities.

The team seeks to uncover inefficiencies within the investable universe.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.

Additionally, the fund may invest up to 25% of its net assets in gold and other precious metals through a wholly-owned subsidiary organized under the laws of the Cayman Islands.
 

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

The investment process is designed to highlight companies that are engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine.

The strategy seeks to outperform its benchmark index through active management.

Then the research process is driven by fundamental analysis of one stock at a time. The research team emphasizes high-quality companies exhibiting consistent earnings growth or producing innovative products that disrupt the marketplace.

Next, the team focuses on factors such as a company’s free cash flow and capital allocation, and also assesses a company’s market opportunity, sales growth and margin outlook.

In addition, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the ownership or management of hospitals, nursing homes, health maintenance organizations, and other companies specializing in the delivery of health care services.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team relies on fundamental analysis to identify companies operated by proven management teams generating a high return on invested capital and cash.

The team prefers companies that are mispriced on a net present value basis with competitive barriers to entry.

Additionally, the research team considers companies that are cheap for temporary reasons but have future capital appreciation potential not yet recognized by the market.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the research, development, manufacture, distribution, supply, or sale of industrial products, services, or equipment.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team considers companies that are trading at a discount to their estimated intrinsic value due to irrational behavior of investors.

The team focuses on companies easily affected by business cycle fluctuations as potential investment opportunities, and strives to capitalize on these opportunities.

Also, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies engaged in underwriting, reinsuring, selling, distributing, or placing of property and casualty, life, or health insurance.

The strategy seeks to outperform its benchmark through active management.

Next, the research team relies on fundamental analysis to look for companies with superior book value growth. The team believes return on equity, reinvestment opportunities, valuation and avoiding downside risk lead to superior book value growth.

Then the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the team focuses on companies generating high return on equity with consistent returns.

Also, the team emphasizes companies with excellent organic reinvestment opportunities that can drive faster earnings-per-share growth or with the ability to deploy capital on attractive terms.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in providing information technology services.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team focuses on companies with consistent earnings growth and a competitive advantage due to factors such as high barriers to entry and pricing power.

In addition, the team looks for companies that can grow earnings at a faster rate than what is reflected in the stock price.

The team then narrows the investable universe to a list of companies with a good business model, growth in revenue and resilience, steady or improving margins, superior capital allocation; and reasonable valuation.

The research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager favors securities that are attractively priced on current earnings and have the potential to become more attractive with better growth or capital allocation.

The fund also considers technology stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

Also, the fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the design, production, or distribution of goods or services in the leisure industries.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team focuses on companies that have competitive moats or secular tailwinds, are in sub-industries where demand is high and supply growth is constrained, and have either superior cash generation or high-return investment opportunities.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager also considers attractive consumer stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team focuses on companies exhibiting a positive change in business fundamentals not fully reflected in current market prices and yet to be recognized by investors

The team prefers companies that are reasonably valued with improving returns on capital, steady free-cash-flow yields, expansion of valuation multiples such as earnings, or defensive-growth characteristics.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in research, development, manufacture, distribution, supply or sale of medical equipment and devices and related technologies.

The strategy seeks to outperform its benchmark index through active management.

Then the research process is driven by fundamental analysis of one stock at a time. The research team emphasizes high-quality companies exhibiting consistent earnings growth or producing innovative products that disrupt the marketplace.

Next, the team focuses on factors such as a company’s free cash flow and capital allocation, and also assesses a company’s market opportunity, sales growth and margin outlook.

Then the research team also focuses on companies enabling drug discovery, and providing technology services primarily to health care providers. These companies may include manufacturers of health care equipment and supplies including drug delivery systems and eye care products.

The team also seeks to invest in firms providing services directly related to the pharmaceutical and biotechnology industries, and companies providing applications, systems and/or data processing software, and IT consulting services and tools to doctors, hospitals and health care businesses.

In addition, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation 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.

The investment team looks to invest in companies that own or develop natural resources, or supply goods and services to such companies.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team relies on fundamental analysis to look for companies that are trading at a discount to their estimated intrinsic values.

The team believes that energy stocks can become mispriced due to either overemphasis on short-term commodity price swings, or geopolitical events, or underappreciation of changes in technology or cost structures, or capital intensity.

In selecting stocks for the portfolio, the team employs in-depth fundamental research to evaluate the drivers of supply and demand along with valuations and growth potential and returns on capital.

The team prefers companies with differentiated asset bases, business models, management teams or restructuring opportunities that have the potential to generate superior earnings and cash-flow growth.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation by investing in companies outside 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 companies engaged in the research, development, manufacture, sale, or distribution of pharmaceuticals and drugs of all types.

The team focuses on companies whose duration, sustainability, as well as growth rates of cash flows are mispriced.

In selecting securities for the portfolio, the research team favors stocks demonstrating above-average growth potential over the long-term trading at below-average valuations.

The research process is driven by fundamental analysis of one stock at a time. As part of the process, the team evaluates drug portfolios and pipelines.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in merchandising finished goods and services primarily to individual consumers.

The strategy seeks to outperform its benchmark index through active management.

Then the research team focuses on attractively valued companies with underappreciated structural or cyclical improvements in earnings power and cash-flow generation.

The team looks for companies that are well-positioned competitively and run by capable management teams focused on creating shareholder value.

In addition, the team prefers franchises that will remain relevant across one or more of the key tenets of retail value, convenience, selection and service.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The portfolio seeks to hold attractive consumer stocks both inside and outside of the industry benchmark with the potential for favorable risk-adjusted returns.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment.

The investment team also focuses on companies that are engaged in the design, manufacture, or sale of electronic components, equipment vendors to electronic component manufacturers, electronic component distributors, and electronic instruments and electronic systems vendors.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team relies on fundamental analysis to look for superior growth companies trading at attractive prices.

The team focuses on companies that are mispriced on their estimates of earnings and cash flow growth in the long term.

The research team also evaluates a company’s financial condition and industry position, as well as market and economic conditions.

In addition, the team considers attractive technology stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

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

The manager looks to capitalize on dislocations caused due to the cyclical nature of the semiconductor industry.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies principally engaged in research, design, production or distribution of products or processes that relate to software or information-based services.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team emphasizes above-average companies with above-average growth rates trading at below-average valuations.

Then the research process is driven by fundamental analysis of one stock at a time driven by earnings growth and valuation expansion over the long term.

The team prefers self-funding business models with significant barriers to entry and proven management teams that can be purchased at a favorable price.

In addition, the team considers attractive technology stocks outside of the benchmark that offer the potential for favorable risk-adjusted returns.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements.

The strategy seeks to outperform its benchmark index through active management.

The investment team believes technology stocks can be mispriced when long-term growth is underestimated, turnaround stories are misunderstood or cyclical rebounds have been unanticipated.

Next, the team relies on fundamental, bottom-up research to identify global technology companies whose future earnings power is not reflected in their current valuations.

In addition, the team narrows the investable universe into secular-growth companies, underappreciated earnings compounders, depressed cyclical companies with a catalyst for an upturn, and special situations.

Also, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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

The investment process is designed to highlight companies engaged in the development, production, or distribution of telecommunications services.

The strategy seeks to outperform its benchmark index through active management.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team believes that earnings revisions and earnings growth drive telecommunications stocks.

Then the team considers durable and secular growth companies estimated to generate consistent excess returns.

In addition, the team looks for companies that generate a lot of cash from excellent sales growth and benefit from high barriers to entry.

The team also prefers companies with quality franchises, capable management teams and positive market-share trends over multiyear periods. 
Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies that are engaged in providing transportation services or companies engaged in the design, manufacture, distribution, or sale of transportation equipment.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team utilizes proprietary in-house research to look for superior companies in attractive areas.

The team focuses on companies that generate profit consistently and have proven management teams that can produce returns above their cost of capital.

In addition, the team considers companies that can effectively convert new income to free cash flow and/or capitalize on wide avenues for growth.

Also, the research team looks to buy companies that are trading cheaply relative to underlying company fundamentals.

The team believes attractive industry groups are characterized by solid barriers to entry, differentiated products, disciplined pricing dynamics and inelastic demand.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies principally engaged in the utilities industry and companies deriving a majority of their revenues from their utility operations.

The process generally emphasizes power and gas utilities and not telephone companies and telecommunications utilities.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team focuses on companies within the utilities sector with superior business models that are growing their dividends and trading at discounts to their estimated fair value.

The research process is driven by fundamental analysis of one stock at a time. Then the team considers stocks with lower valuations exhibiting the best total-return potential. This includes utilities stocks that have been overly discounted due to more-volatile and less-predictable earnings streams.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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

The investment process is designed to highlight companies engaged in activities relating to wireless communications services or products.

The strategy seeks to outperform its benchmark index through active management.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team believes that earnings revisions and earnings growth drive telecommunications stocks.

Then the team considers durable and secular growth companies estimated to generate consistent excess returns.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager looks to capitalize on the growth of wireless services and technology globally.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund may allocate its assets across sectors such as consumer discretionary, consumer staples, energy, financials, health care, industrials, technology, etc. using different in-house managers.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

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

The investment process is designed to highlight well-established companies exhibiting above-average earnings growth potential.

Next, the research team uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation in the long term by investing in companies outside 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 securities of Canadian issuers and other investments that are tied economically to Canada.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 has the flexibility to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Canadian market.
 

The fund seeks capital appreciation by investing in companies outside 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 securities of issuers in emerging markets and other investments that are tied economically to emerging markets.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries.
 

The fund seeks capital appreciation by investing in companies outside the United States.

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

The fund manages assets with the help of two sub-advisers namely FMR Investment Management (UK) Limited and Fidelity Management & Research (Hong Kong) Limited.

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.

Next, the research team focuses on securities of issuers in emerging markets and other investments that are tied economically to emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries, as well as different markets sectors.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities and in depository receipts representing securities included in the index.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

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 has the flexibility to lend securities to earn income.
 

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

The investment process is designed to highlight companies exhibiting above-average earnings growth potential.

Next, the research team uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets and other investments that are tied economically to emerging markets.

The team favors companies demonstrating above-average growth potential.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 on securities, which represents the performance of foreign stock markets.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

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 has the flexibility to lend securities to earn income.

The fund seeks capital appreciation by investing in small-size companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets and other investments that are tied economically to emerging markets.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries.

The fund seeks capital appreciation by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets and other investments that are tied economically to emerging markets.

The team favors high-quality companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different emerging market countries.
 

The fund seeks capital appreciation by investing in companies outside 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 securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

The team favors companies demonstrating above-average growth potential.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 domestic and foreign issuers.
 

The fund seeks total return performance by investing in mega-and large-size companies in the United States.

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

Next, the fund employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings, book value, and earnings growth.

The fund has the flexibility to lend securities to earn income.

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

The investment process uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest its net assets in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in mega-and large-size companies in the United States.

The sub-adviser’s investment process starts with a list of companies in the underlying benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify companies that meet earnings, growth, and valuation hurdles.

The investment team constructs a portfolio of holdings that are favored by the research team and allocates assets reflecting weights in the index.

The fund may lend its securities to generate additional income.

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

The investment process is designed to highlight companies exhibiting earnings growth potential not yet recognized by investors.

Next, the research team uses fundamental analysis to evaluate companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

The fund has the flexibility to invest in domestic and foreign issuers, and also, invest in either growth or value stocks or both.

The fund seeks above-average income and capital appreciation by investing in companies in the United States.

The investment process is designed to highlight companies principally engaged in the real estate industry and other real estate-related investments.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.
 

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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation 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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates the fund’s assets across different market sectors such as communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities.

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

The investment process is designed to highlight undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

The research team starts with a list of companies in the benchmark index and narrows down the list using quantitative research and fundamental analysis.

Next, the research team utilizes fundamental analysis to assess a company’s financial health, position in the industry they operate in, as well as macroeconomic conditions.

In addition, the team with the help of quantitative analysis evaluates a company’s growth potential, valuation, liquidity, and investment risk characteristics.

The fund has the flexibility to invest in domestic and foreign issuers and allocate the fund’s net assets across different market sectors.

The fund seeks capital appreciation 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 a significant portion of the fund’s net assets in equity securities.

The team prefers income-producing equity securities, as well as focuses on other types of equity and debt securities, including lower-quality debt securities.

In addition, the research team Invests in securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 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 are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value and whose future earnings power is not reflected in their current valuations.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team assesses companies through both an income statement and balance sheet approach.

In addition, the team invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 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 favors companies with improving fundamentals and that are also trading at reasonable valuations.

In selecting securities for the portfolio, the research team focuses on companies that have the potential to provide a higher total return than that of the benchmark index.

In addition, the team invests in domestic and foreign issuers.

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 has the flexibility to lend securities to earn income.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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.

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 replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund has the flexibility to lend securities to earn income.
 

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 are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value.

The team believes there are opportunities in slow, moderate and fast growing companies, cyclical firms, companies undergoing a turnaround, and firms with dormant assets.

Also, the team prefers companies where the management teams and businesses offer opportunities to reinvest cash flows at high rates of return.

Additionally, the team invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 looks to own companies where downside is limited but upside is significant.

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 invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation 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 Invests in securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

The team focuses on companies with above-average quality characteristics, including good capital allocation, and that are trading at below-market multiples.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and seeks to deliver attractive risk-adjusted returns over time.

Next the research team relies on fundamental analysis to select stocks within one or more of the major market sectors.

Currently, these sectors include communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities.

Additionally, the portfolio sector weightings are kept similar to those of its benchmark index to add value through active stock selection and minimize the risks associated with sector or market timing.

Then the manager constructs a diversified portfolio where the fund’s assets are invested in one or more central funds which provide exposure to different sectors of the U.S. stock market. Central funds are specialized investment vehicles designed to be used by Fidelity funds.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund invests broadly across all sectors, market capitalizations and styles.

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

The investment process is designed to highlight undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

Next, the research team utilizes fundamental analysis to assess a company’s financial health, position in the industry they operate in, as well as macroeconomic conditions.

The team focuses on underappreciated, high-quality companies with strong competitive positions and superior returns on invested capital.

Finally, the team constructs a diversified portfolio of companies with recurring revenues and the ability to grow earnings and cash flow over multiyear periods. However, the sector weights are kept close to the index to minimize the risk related to sector or market timing.

The fund has the flexibility to invest in domestic and foreign issuers and allocate the fund’s net assets across different market sectors.

The fund seeks capital appreciation 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 prefers higher-quality companies with established and durable competitive moats that can compound and become larger, more-profitable businesses over time.

Additionally, the team invests in domestic and foreign issuers.

The team also focuses on either growth or value stocks or both.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 capital appreciation by investing in companies outside the United States.

The fund employs a multi-manager investment strategy to invest directly in securities through sub-advisers or indirectly through underlying funds, which in turn invest directly in securities.

The sub-advisers are Acadian Asset Management LLC, Causeway Capital Management LLC, FIAM LLC, FIL Investment Advisors, Schroder Investment Management North America Inc., Somerset Capital Management LLP, and T. Rowe Price Associates, Inc.

FIL Investment Advisors (UK), Schroder Investment Management North America Limited, and T. Rowe Price International Ltd. serve as sub-sub-advisers for the fund.

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.

Next, the research team focuses on securities of issuers in emerging markets and other investments that are tied economically to emerging markets and in shares of other emerging markets equity funds.

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 allocates investments across different emerging market countries.

In addition, the manager allocates assets among underlying funds and sub-advisers to diversify the portfolio in terms of market capitalization, investment style, and geographic region.

Also, the manager allocates assets among affiliated emerging markets funds, non-affiliated emerging markets funds that participate in Fidelity's FundsNetwork, non-affiliated ETFs, closed-end funds, and sub-advisers.

Next, the manager allocates assets among underlying funds considering factors such as fund performance, manager experience and investment style, and management company infrastructure and fund characteristics such as expense ratio, asset size, and portfolio turnover.

Additionally, the manager allocates assets among sub-advisers considering their investment approach, and portfolio, and performance patterns in different market environments.

The fund seeks capital appreciation by investing in companies outside the United States.

The fund employs a multi-manager investment strategy to invest directly in securities through sub-advisers or indirectly through underlying funds, which in turn invest directly in securities.

The sub-advisers are FIAM LLC and Geode Capital Management, LLC.

FIL Investment Advisors (UK) Limited serves as a sub-sub-adviser for the fund.

The fund emphasizes prudent manager selection as it believes that different investment strategies may outperform at different times over a full market cycle, and that combining these investment disciplines may result in a more consistent performance profile.

Also, the strategy relies on the distinctive skills of a variety of managers for diversification and more flexibility to invest more adeptly throughout the market cycle, and potentially allow for better risk management.

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.

Next, the research team focuses on non-U.S. securities, including securities of issuers located in emerging markets.

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.

In addition, the manager allocates assets among underlying funds and sub-advisers to diversify the portfolio in terms of market capitalization, investment style, and geographic region.

Next, the manager allocates assets among underlying funds considering factors such as fund performance, manager experience and investment style, and fund characteristics such as expense ratio, asset size, and portfolio turnover.

Additionally, the manager allocates assets among sub-advisers considering their investment approach, and portfolio, and performance patterns in different market environments.

Also, the manager allocates investments across different countries and regions.

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

The fund employs a multi-manager investment strategy to invest directly in securities through sub-advisers or indirectly through underlying funds, which in turn invest directly in securities.

The sub-advisers are FIAM LLC (FIAM), Geode Capital Management, LLC, FMR Investment Management (UK) Limited (FMR UK), Fidelity Management & Research (Hong Kong) Limited (FMR H.K.), and Fidelity Management & Research (Japan) Limited (FMR Japan).

The fund emphasizes prudent manager selection as it believes that different investment strategies may outperform at different times over a full market cycle, and that combining these investment disciplines may result in a more consistent performance profile.

The strategy relies on the distinctive skills of a variety of managers for diversification and more flexibility to invest more adeptly throughout the market cycle, and potentially allow for better risk management.

Next, the fund allocates assets among sub-advisers and underlying funds considering factors such as performance in different market environments, manager experience and investment style, management company infrastructure, costs, asset size, and portfolio turnover.

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 provides diversified exposure to multiple investment vehicles including sub-advised strategies, mutual funds and exchange-traded funds.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund seeks capital appreciation by investing in companies outside the United States.

The fund employs a multi-manager investment strategy to invest directly in securities through sub-advisers or indirectly through underlying funds, which in turn invest directly in securities.

The sub-advisers are Arrowstreet Capital, Limited Partnership, Causeway Capital Management LLC, FIAM LLC, FIL Investment Advisors, Geode Capital Management, LLC, Massachusetts Financial Services Company, T. Rowe Price Associates, Inc., Thompson, Siegel & Walmsley, LLC, and William Blair Investment Management, LLC.

FIL Investment Advisors (UK) Limited serves as a sub-sub-adviser for the fund.

The fund emphasizes prudent manager selection as it believes that different investment strategies may outperform at different times over a full market cycle, and that combining these investment disciplines may result in a more consistent performance profile.

Also, the strategy relies on the distinctive skills of a variety of managers for diversification and more flexibility to invest more adeptly throughout the market cycle, and potentially allow for better risk management.

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.

Next, the research team focuses on non-U.S. securities, including securities of issuers located in emerging markets.

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.

In addition, the manager allocates assets among underlying funds and sub-advisers to diversify the portfolio in terms of market capitalization, investment style, and geographic region.

Also, the manager allocates assets among affiliated international funds and non-affiliated international funds that participate in Fidelity's FundsNetwork, and non-affiliated exchange traded funds and sub-advisers. 

Next, the manager allocates assets among underlying funds considering factors such as fund performance, manager experience and investment style, and management company infrastructure and fund characteristics such as expense ratio, asset size, and portfolio turnover.

Additionally, the manager allocates assets among sub-advisers considering their investment approach, and portfolio, and performance patterns in different market environments.

Also, the manager allocates investments across different countries and regions.

The fund provides diversified exposure to multiple investment vehicles including sub-advised strategies, mutual funds and exchange-traded funds.
 

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

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The portfolio is constructed with either growth stocks or value stocks or both. The fund allocates assets through sub-advisers considering factors such as the sub-adviser's investment approach and portfolio characteristics, and performance patterns in different market environments.

The fund also allocates assets among underlying funds considering factors such as fund performance and company infrastructure, a fund manager's experience and investment style, and fund characteristics such as expense ratio, asset size, and portfolio turnover.

The goal of asset allocation among underlying funds and sub-advisers is to achieve portfolio characteristics similar to the benchmark.    

The fund seeks reasonable income and capital appreciation 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.

The fund utilizes a strategy of investing in Fidelity’s central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines).

Next, the research team invests a significant portion of the fund’s net assets in equity securities.

The team focuses on equity securities that pay current dividends and show potential for capital appreciation.

The team also invests in domestic and foreign issuers.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates the fund’s net assets among common stocks, Real Estate Investment Trusts and other real estate related investments, convertible securities, and preferred stocks.

The fund invests in other types of equity and debt securities, including lower-quality debt securities.

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

The investment process is designed to invest in securities of telecommunications services companies and utility companies.

The strategy seeks to outperform its benchmark index through active management.

Next, the research team focuses on companies within the utilities sector with superior business models that are growing their dividends and trading at discounts to their estimated fair value.

The research process is driven by fundamental analysis of one stock at a time.

In addition, within the telecom sector, the team emphasizes dividend-paying stocks with excellent cash-flow growth, accelerated earnings growth, as well as a higher potential for positive earnings revisions.

Lastly, the team looks to capitalize on the dislocations in value not yet recognized by the market.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund is concentrated in the two highest-dividend-yielding sectors of the S&P 500 Index.

The fund has the flexibility to invest in domestic and foreign issuers.
 

The fund seeks capital appreciation in the long term by investing in companies outside 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 non-U.S. securities, including securities of issuers located in emerging markets.

The team favors companies with high returns on invested capital, excellent free cash flow, clean corporate governance and attractive valuations.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 divides the portfolio into four subportfolios that include developed value, growth and small cap, and emerging markets diversified across market capitalizations, investment styles and geographies.

Also, the manager relies on the benchmark index in allocating investments across foreign developed and emerging markets, including investments in growth or value stocks, and securities of companies with small market capitalizations.

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

The investment process is designed to highlight companies exhibiting consistent above-average earnings growth potential.

Next, the research team uses fundamental analysis to look for companies whose growth expectations are mispriced.  Also, the research team evaluates companies based on their financial health, competitive position in the industry they operate in, as well as macroeconomic conditions.

In addition, the team looks to capture alpha (excess return to its benchmark) of companies whose durability of growth are misunderstood.

The team focuses on buying companies at reasonable valuations that can outperform over time.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks to replicate total return performance of the benchmark index by investing in mid-and large-size companies in the United States.

The sub-advisors’ investment process utilizes a sampling technique to select securities with a similar investment profile as the index. This technique involves evaluating factors such as capitalization, industry exposures, dividend yield, valuation multiples on the basis of earnings and book value, and earnings growth.

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

The fund has the flexibility to lend securities to earn income.

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

The investment process is designed to highlight undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

The research team starts with a list of companies in the benchmark index and focuses on companies that are estimated to be lagging in market valuation to their long term growth potential and trading at a discount to their estimated intrinsic value.

Next, the team utilizes fundamental analysis to evaluate companies based on their financial health, position in the industry they operate in, as well as macroeconomic conditions.

The investment team builds a portfolio of companies with both cheap valuations and high-quality franchises. These companies are expected to offer above-average returns on invested capital and operate in businesses protected by strong entry barriers.

The fund has the flexibility to invest in domestic and foreign issuers and is structured to maintain a lower beta and a higher-quality orientation than its underlying benchmark index.

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

The investment process is designed to highlight undervalued companies relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to their peers.

The research team starts with a list of companies and narrows the list to include companies that are estimated to be lagging in market valuation to their long term growth potential and trading at a discount to their estimated intrinsic value.

Next, the research team utilizes fundamental analysis to evaluate companies based on their financial health, position in the industry they operate in, as well as macroeconomic conditions.

The investment team allocates capital to a list of companies favored by the research team but consistent with risk guidelines.

The fund has the flexibility to invest in domestic and foreign issuers and is structured to maintain a lower beta and a higher-quality orientation than its underlying benchmark index. 

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

The investment process starts with a list of companies in the benchmark index and the research team narrows down the list utilizing quantitative research and fundamental analysis.

The process seeks to deliver attractive risk-adjusted returns over the long term.

Then the research team relies on fundamental research to identify companies that are estimated to trade below their fair values.

The team focuses on undervalued companies relative to factors such as assets, earnings, or growth potential.

Next, the team emphasizes high-quality companies with excellent competitive positions and superior returns on invested capital.

The research team focuses on companies with recurring revenues, having demonstrated earnings and cash flow growth over multiyear periods.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

The fund invests in medium-sized companies, but also may invest substantially in larger or small companies.

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

The investment process starts with a list of companies in the benchmark index and the research team narrows down the list utilizing quantitative research and fundamental analysis.

Then the research team relies on fundamental research to identify companies that are estimated to trade below their fair values.

The team focuses on undervalued companies relative to factors such as assets, sales, earnings, growth potential, or free cash flow.

Next, the team emphasizes high-quality companies with excellent competitive positions and superior returns on invested capital.

The research team focuses on companies, whose management can estimate future performance, having demonstrated earnings and cash flow growth over multiyear periods.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the manager constructs a diversified portfolio of 60 to 80 stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund invests in medium-sized companies, but also may invest substantially in larger or small companies.

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.

Next, the research team Invests in securities issued throughout the world.

The team focuses on high-quality companies exhibiting above-average growth prospects and that are trading at reasonable prices.

Additionally, the team considers companies that have stable and high returns on capital, sustainable competitive positions, consistent profitability, superior free-cash-flow generation, balance sheet strength and management teams whose interests are aligned with those of shareholders.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different countries and regions.

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

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The research team using fundamental analysis evaluates a company’s valuation multiples on the basis of earnings, cash flow, book value, dividend yield, growth of earnings, as well as capitalization and industry exposures.

The manager has the flexibility to lend securities to earn income for the fund. 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 securities of foreign developed and emerging stock markets.

The team focuses on securities and in depository receipts representing securities included in the index.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth, country weightings, and the effect of foreign taxes.

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 has the flexibility to lend securities to earn income.

The fund seeks to provide investment results that correspond to the total return of a broad range of stocks by investing in companies across any size in the United States.

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

The strategy attempts to replicate the returns of the Fidelity U.S. Total Investable Market Index utilizing a smaller number of securities.

Next the research team utilizes sampling techniques to evaluate a company on factors such as capitalization, industry exposures, dividend yield, and valuation multiples such as earnings, book value and earnings growth.

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 has the flexibility to lend securities to earn income.

The fund seeks capital appreciation by investing in companies outside the United States.

The fund emphasizes prudent manager selection as it believes that different investment strategies may outperform at different times over a full market cycle, and that combining these investment disciplines may result in a more consistent performance profile.

Also, the strategy relies on the distinctive skills of a variety of managers for diversification and more flexibility to invest more adeptly throughout the market cycle, and potentially allow for better risk management.

The fund employs a multi-manager investment strategy to invest directly in securities through sub-advisers or indirectly through underlying funds, which in turn invest directly in securities.

The sub-advisers are FIAM LLC, FIL Investment Advisors, and Geode Capital Management, LLC.

FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, and FIL Investment Advisors (UK) Limited serve as sub-sub-advisers for the fund.

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.

Next, the research team focuses on securities of issuers in emerging markets and other investments that are tied economically to emerging markets and in shares of other emerging markets equity funds.

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 allocates investments across different emerging market countries.

The manager allocates assets among affiliated emerging markets funds (i.e., Fidelity funds) and non-affiliated exchange traded funds, and closed-end funds (underlying funds) and sub-advisers.

In addition, the manager allocates assets among underlying funds and sub-advisers to diversify the portfolio in terms of market capitalization, investment style, and geographic region.

Next, the manager allocates assets among underlying funds considering factors such as fund performance, manager experience and investment style, and management company infrastructure and fund characteristics such as expense ratio, asset size, and portfolio turnover.

Additionally, the manager allocates assets among sub-advisers considering their investment approach, and portfolio, and performance patterns in different market environments.