The fund seeks capital appreciation in the long term by investing in companies across any size 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 companies listed in, or whose principal business activities are located in, emerging markets.

The team utilizes a growth at a reasonable price investment strategy to look for companies that have superior earnings growth and are trading at a good price.

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 typically holds 50 to 60 stocks.

The fund may also invest up to 5% of its net assets in frontier markets, which are generally smaller, less liquid, and less developed than emerging markets.

In addition, the fund may invest in participatory notes.

The fund seeks capital appreciation in the long term by investing in small-and 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 focuses on securities of companies that are listed in, or whose principal business activities are located in, emerging markets, including frontier markets

Emerging market countries are those countries included in the MSCI Emerging Markets Index and MSCI Frontier Markets Index, countries with low to middle-income economies according to the International Bank for Reconstruction and Development, and other countries with similar emerging market characteristics.

Frontier markets are generally smaller, less liquid, and less developed than 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.

The fund also may invest up to 20% of its net assets in securities of small developed markets companies that derive, or are expected to derive, a significant portion of their revenues from their operations in emerging or frontier markets.

The fund seeks capital appreciation in the long term by investing in companies across any size 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 U.S. and foreign companies.

The team evaluates companies on the basis of factors such as growth, valuation, size, momentum, and beta.

In addition, the team utilizes a growth at a reasonable price strategy to identify companies with positive earnings surprises, sustainably high or increasing return on equity, and attractive 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 can invest without limit in foreign securities and can invest in any country, including countries with developing or emerging markets.

Also, the fund will invest in at least three countries (one of which may be the United States) with at least 40% of its assets invested in countries other than the U.S.

However, the fund may invest at least 30% of its assets outside the U.S. when market conditions are unfavorable.

Typically, the fund invests in a number of different countries.

The fund seeks total return in the long term by investing in companies across any size 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 seeks to invest in international equity securities, including those in emerging market countries.

The team relies on fundamental research to identify high-quality companies with attractive valuations that are trading at a discount to their estimated intrinsic value.

As part of its research process, the team looks for companies with long term competitive advantages.

In addition, the team prefers companies that generate sustainable cash flow and reinvest it at high marginal returns in order to grow their intrinsic value.

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

The fund seeks capital appreciation in the long term by investing in companies across any size 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 companies headquartered outside the U.S., including those in emerging market countries.

The team assesses companies on the basis of factors such as growth, valuation, size, momentum, price-trend, and beta.

Additionally, the research team favors stocks, sectors, and countries with positive earnings surprises, sustainably high or increasing return on equity, and attractive 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 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 companies based in developed markets outside the U.S. as well as established companies in emerging and frontier markets.

The team relies on fundamental research to look for high-quality, sustainable growth companies that are well-managed and with financial strength.

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 70 to 80 securities across 12 countries.

In addition, the fund also may invest in securities of small U.S. companies that derive, or are expected to derive, a significant portion of their revenues from their foreign operations.