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 in companies exhibiting growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that have attributes such as durable growth, return on invested capital, and competitive positioning.

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

The fund may also invest in foreign securities, which may include investments in emerging markets.

In addition, the fund’s investments may include securities of real estate-related companies, including real estate investment trusts.

The fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets as determined at the time of the loan origination.

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

The fundamental, research-driven investment process is designed to identify Innovative wide-moat companies. The process starts with a group of 20 to 40 stocks selected for their growth potential.

The research process is driven by fundamental analysis of one stock at a time. Next, the research team looks for well-established companies that it believes possess sustainable competitive advantages that capitalize on their competitive moat to grow market share globally over a multi-year period.

In addition, the team prefers market leading companies driving innovation and change through disruptive technologies, products or business models.

The fund has the flexibility to invest across market capitalizations and may also invest in foreign securities, which may include investments in emerging markets.

The fund seeks primarily a high level of current income and secondarily steady capital appreciation 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 U.S. and non-U.S. issuers.

Also, the fund will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.

A security is deemed to be economically tied to a country or countries outside of the United States if the company is organized in, or its primary business office or principal trading market of its equity are located in, a country outside of the United States.

Also, a security is deemed to be economically tied to a country or countries outside of the United States if a majority of the company’s revenues are derived from outside of the United States, or a majority of the company’s assets are located outside of the United States.

In selecting securities for the portfolio, the research team focuses on companies with attractive long-term business prospects that generate cash and produce attractive levels of dividend income.

The team also looks for companies that are estimated to trade below their fair values or inexpensive relative to other similar investments.

Other factors in consideration when selecting securities are valuation multiples such as earnings, balance sheet strength, valuation relative to asset values, return on equity, and cash flow generation.

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 consists of income-producing equity securities, such as common and preferred dividend-paying stocks.

The fund does not estimate to invest more than 25% of its net assets in securities of companies based in emerging markets.

Additionally, the fund may invest in companies domiciled in any country and may, under unusual circumstances, invest in a single country or a limited number of countries.

The fund may also invest in derivatives, equity real estate investment trusts and preferred stocks.

Also, the fund may lend portfolio securities on a short-term or long-term basis.

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

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

Next, the research team invests in dividend-paying securities.

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

The fund may also invest in foreign equity and debt securities.

In addition, the fund seeks to produce returns in excess of the benchmark index over a full market cycle, but with lower absolute volatility.

The fund will have exposure to investments that are economically tied to a number of countries throughout the world.

Also, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.

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 of companies that have a life science orientation.

The team focuses on companies engaged in research, development, production, or distribution of products or services related to health and personal care, medicine, or pharmaceuticals.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on a company’s growth potential, management strength, durable competitive advantages, returns on investment capital, and cash flow generation.

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 securities of U.S. and foreign companies exhibiting growth potential.

Also, the fund invests in issuers from several different countries, which may include the United States.

A security is deemed to be economically tied to a country or countries if the company is organized in, or its primary business office or principal trading market of its equity are located in, the country.

Also, a security is deemed to be economically tied to a country or countries if a majority of the company’s revenues are derived from one or more countries or a majority of the company’s assets are located in one or more countries.

The fund invests at least 25% of its net assets in securities of companies in industry groups such as pharmaceutical; biotechnology; health care services; and medical devices.

The fund may have exposure to emerging markets, and may invest in shares of companies through initial public offerings.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.

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 exhibiting growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on attractive-valued companies with characteristics such as free cash flow growth, superior and defensible market position, healthy risk/return profile, and exemplary governance.

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 at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.

However, the fund may have significant exposure to emerging markets.

The fund will be broadly diversified among a variety of industry sectors.

Also, the fund’s uninvested assets may be held in cash or similar instruments.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.
 

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 of companies that will benefit significantly from advances or improvements in technology.

According to the team, these companies generally fall into two categories. In the first category, the team considers companies that have or will develop products, processes, or services that will provide significant technological advancements or improvements.

In the second category, the team focuses on companies that rely extensively on technology in connection with their operations or services.

Next, the research team invests in securities of U.S. and foreign companies exhibiting growth potential.

Also, the fund will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.

A security is deemed to be economically tied to a country or countries outside of the United States if the company is organized in, or its primary business office or principal trading market of its equity are located in, a country outside of the United States.

Also, a security is deemed to be economically tied to a country or countries outside of the United States if a majority of the company’s revenues are derived from outside of the United States, or a majority of the company’s assets are located outside of the United States.

In selecting securities for the portfolio, the research team focuses on companies with 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 may have exposure to emerging markets, and may invest in shares of companies through initial public offerings.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.

Some of the industries and companies in the portfolio include e-commerce, computer, communications, industrials; Internet; and media and entertainment.

The fund seeks capital appreciation in the long term 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 utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

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 invests in companies that are estimated to trade below their fair values.

The team favors companies that are lagging in market price and not yet recognized by investors.

In addition, the team favors companies with superior management teams; stable balance sheets and solid recurring free cash flows; attractive relative and absolute valuation ratios.

Also, the team focuses on companies with favorable reward to risk characteristics; sustainable competitive advantages that are trading at attractive valuations; and excellent long-term prospects.

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

The fund may also invest in foreign securities, which may include investments in emerging markets.

In addition, the fund may invest up to 20% of its net assets in cash or similar investments.

From time to time, the fund may invest in shares of companies through initial public offerings.

The fund seeks capital appreciation in the long term 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.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies with 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.

In addition, the fund may also invest in foreign securities, which may include investments in emerging markets.

The fund may also invest in larger companies with superior growth potential.

Also, the fund may invest in shares of companies through initial public offerings.

The fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets as determined at the time of the loan origination.
 

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.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies with 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.

In addition, the fund may also invest in foreign securities, which may include investments in emerging markets.

The fund may also invest in larger companies with superior growth potential.

Also, the fund may invest in shares of companies through initial public offerings.

The fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets as determined at the time of the loan origination.

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

The fundamental, research-driven investment process is designed to identify Innovative wide-moat companies. The process starts with a group of 20 to 40 stocks selected for their growth potential.

The research process is driven by fundamental analysis of one stock at a time. Next, the research team looks for well-established companies that it believes possess sustainable competitive advantages that capitalize on their competitive moat to grow market share globally over a multi-year period.

In addition, the team prefers market leading companies driving innovation and change through disruptive technologies, products or business models.

The fund has the flexibility to invest across market capitalizations and may also invest in foreign securities, which may include investments in emerging markets.

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 identify industry-leading companies with brand power, enduring business models and strong competitive positioning. The research process is driven by fundamental analysis of one stock at a time.

Next, the research team of sector specialists constructs seven sector portfolios, regardless of market cap, geography or sub-sector. A sector portfolio is intended to maximize the best risk-reward opportunities and minimize macro risks.

The team then rate stocks based upon attractiveness on the basis of growing free cash flow, strong and defensible market position, healthy risk/return profile, exemplary governance, and attractive valuation characteristics.

The fund has the flexibility to invest across market capitalizations.