The fund seeks to provide competitive returns while also providing a level of capital protection during market downturns by investing in mid-and large-size companies in the United States.

The investment process is designed to highlight companies that are undervalued but have prospects for long-term continued and consistent growth.

Then the research team relies on a systematic process to select securities on the basis of free cash flow generation and earnings power, minimum dividend yield, dividend sustainability, and financial health.

The fund seeks to construct a diversified portfolio of dividend-paying securities.

In addition, the manager may allocate large portions of the fund’s portfolio to industry sectors which meet the fund’s investment criteria.

The portfolio is modified during the fund manager’s annual portfolio review and rebalancing.

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.

Then the research team relies on fundamental analysis to look for companies that have superior market position, are benefiting from technological advancement and growing capital even in a state of equilibrium and are in high barriers to entry industries.

The team emphasizes companies that are improving their market share through industry consolidation and have low price relative to the future cash flows.

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 may purchase shares of exchange-traded funds to establish a diversified position in a particular sector of the market or to manage cash flows.

Also, from time to time, the fund may focus its investments in one or more sectors.

The fund seeks growth 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 companies located around the world. The team invests primarily in foreign companies, including those in developed and emerging markets.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates companies on factors such as its management, financial condition, and market position.

In addition, the team favors companies with superior strategic profiles, improving market share in consolidating industries, and low price relative to fundamental or break-up 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 maximum allocation to anyone country is the higher of15% or double the country’s weighting in the benchmark index.

Also, the fund may invest in securities denominated in foreign currencies and American Depository Receipts and other U.S. dollar denominated securities of foreign issuers.

The fund may also purchase shares of exchange-traded funds.

The fund seeks capital appreciation in the long term by investing in small-and mid-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 foreign developed and emerging market companies.

The team considers a company to be a foreign company if it at least 50% of the company’s assets are located outside of the U.S. or at least 50% of the company’s revenue is generated outside of the U.S., or the company is organized or maintains its principal place of business outside of the U.S. 

Then the team prefers companies that have catalysts for positive change; durable competitive advantages; superior market positions; disciplined management; and attractive relative valuations.

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 will increase in value over time.

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 will typically invest in at least three foreign countries at any time, and will generally not invest more than 50% of its net assets in emerging market issuers.

The portfolio will generally hold between 60 and 120 securities.

In addition, up to 10% of the fund’s net assets may be held in cash, money market instruments, or other cash equivalents.

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

The investment process is designed to highlight companies that are principally engaged in the real estate industry. These companies include those directly engaged in the real estate industry as well as in industries serving and/or related to the real estate industry.

The investment team focuses on a company if at least 50% of its assets, revenues or net income is derived from the ownership, leasing, construction, management, development, financing or sale of residential, commercial or industrial real estate.

The team also considers a company if it has at least 50% of the value of its assets invested in residential, commercial or industrial real estate.

Next, the research process is driven by fundamental analysis of one stock at a time. To select stocks for the portfolio, the research team focuses on a company’s management team, financial condition, and market position.

The team prefers companies with superior strategic profiles that could take advantage of an anticipated upturn in an industry sub-sector due to sharply reduced competition and improving demand, or companies trading at very low valuations relative to fundamental or break-up value.

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

The fund may invest in securities of foreign companies, including companies located in emerging market countries

The fund may also invest in American Depository Receipts and other U.S. dollar denominated securities of foreign issuers.