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

The team looks for quality companies demonstrating durable growth characteristics.

As part of the process, the team combines a thematic approach to idea generation with bottom-up, fundamental company analysis.

Also, the team seeks to identify secular changes in the world that it believes will drive global growth for the next decade. These large scale structural themes are referred to collectively as MANTRA, namely Mass Affluence, New Technology, Restructuring, and Aging.

In addition, the economic characteristics that the team focuses on are high return on invested capital, good cash flow characteristics, high barriers to entry, dominant market share, a superior competitive position, talented management, and balance sheet strength.

The team also considers how industry dynamics, market trends, and general economic conditions may affect a company’s earnings outlook.

The team also focuses on high-quality companies whose future earnings power is not reflected in their current 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 invest without limit in foreign securities, including American Depositary Receipts, and can invest in any country, including developing or emerging market countries.

However, the fund will invest in at least three countries (one of which may be the United States).

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

In addition, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

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 prefers companies that are likely to outperform the benchmark index.

The fund has the flexibility at times to have significant exposure to one or more industries or sectors. 

The fund seeks total return in the long term by investing in mid-and large-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 narrows down the list utilizing quantitative research and fundamental analysis.

Next, the research team utilizes a proprietary multi-factor model to select securities that it believes share complementary factor exposures.

The team focuses on complementary factors such as mean-reversion, trend following, risk aversion, and risk seeking.

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 at times have significant exposure to one or more industries or sectors, and may hold a portion of its net assets in cash or cash equivalents.

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

The fund manages assets through two sub-advisers, Wellington Management Company LLP and Thompson, Siegel & Walmsley, LLC.

The sub-advisers each are responsible for a portion of the portfolio, although they may manage different amounts of the fund’s net assets.

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.

Wellington Management focuses on high quality, reasonably-valued companies that have demonstrated the willingness to return value to shareholders.

TSW considers established companies in individual foreign markets that are estimated to trade below their fair values.

Next, the research team focuses on foreign companies, and may invest in emerging markets as well as in developed markets throughout the world 

The team favors companies that are estimated to trade below their fair values with good prospects for growth.

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 may at times have significant exposure to one or more industries or sectors, and may hold a portion of its assets in cash or cash equivalents.

From time to time, the fund may place greater emphasis on investing in one or more particular regions such as Asia, Europe, or Latin America.

Additionally, the fund may invest in real estate investment trusts and exchange-traded funds.

The fund seeks high total return by investing in companies across any size in the United States.

The sub-advisor’s investment process is driven by fundamental analysis to assess a company’s financial performance, company strength and prospects, industry position, and business model and management strength.

The process also considers industry outlook, market trends, and general economic conditions.

The portfolio is broadly diversified across major economic sectors in terms of both sector and position size. The sub-advisor uses quantitative models to rank securities within each sector to identify potential buy and sell candidates for further fundamental analysis.

The portfolio is comprised of both growth and value stocks. The portfolio may at times have significant exposure to one or more industries or sectors, and may hold a portion of its assets in cash or cash equivalents.

The fund generally will not invest more than 15% of its net assets in securities of foreign issuers.

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 exhibit favorable business trends or prospects.

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 superior fundamental attributes or relative valuations estimated to outperform their industry and sector peers.

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 invest in foreign securities, including emerging market securities.

However, the fund generally will not invest more than 15% of its net assets in foreign securities.

The fund is diversified across major economic sectors.

The fund may at times have significant exposure to one or more industries or sectors.

Also, the fund may hold a portion of its assets in cash or cash equivalents.
 

The fund seeks capital appreciation in the long term by investing in companies across any size 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 issuers whose principal activities are in a developing (or emerging) market, i.e. are in a developing market or are economically tied to a developing market country.

The team considers an issuer to be economically tied to a developing market country based on the geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, or whether it receives revenues from a developing market.

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 financial statements, management record, capital structure, operations, product development, and competitive position in its industry.

The team also looks for newer or established businesses that are entering into a growth cycle, have the potential for accelerating earnings growth or cash flow, and are trading at reasonable valuations.

In addition, the team focuses on companies that may benefit from the effect of worldwide trends.

Also, the team focuses on companies with above-average earnings growth potential.

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 will invest in at least three developing markets, and may at times have significant exposure to one or more industries or sectors.

Additionally, the fund may invest up to 100% of its net assets in foreign securities.

The fund may invest directly in certain eligible China A Shares through Stock Connect.

Also, the fund may hold a portion of its net assets in cash or cash equivalents.

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

The fund is managed by two sub-advisers, T. Rowe Price Associates, Inc. and Loomis, Sayles & Company, L.P.

The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential.

T. Rowe Price focuses on companies that are market leaders with a seasoned management having strong financial fundamentals, and displaying dividend growth potential. The sub-advisor at times may invest significantly in stocks of technology companies.

In addition, the sub-advisor believes a security could increase in value as a result of a management change, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development.

Loomis Sayles prefers companies with sustainable competitive advantages, long-term structural growth drivers, attractive cash flow returns on invested capital, and management’s ability to create value for shareholders.

Loomis Sayles aims to invest in companies when they trade at a significant discount to their estimated intrinsic value.

The fund has the flexibility to invest up to 20% of its net assets in foreign securities, which may include investments in emerging markets.

The fund may at times have significant exposure to one or more industries or sectors.

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

The fund manages assets by hiring sub-advisers and currently works with two. The sub-advisers are Brandywine Global Investment Management, LLC and T. Rowe Price & Associates, Inc.

The sub-advisers each are responsible for a portion of the portfolio, although they may manage different amounts of the fund’s net assets.

The sub-advisers’ investment process is designed to identify well-established companies that are estimated to trade below their fair values.

Brandywine combines quantitative and fundamental analysis to identify stocks with favorable financial ratios. The sub-adviser evaluates companies on the basis of valuation multiples such as earnings, book value, price momentum, and share change and quality.

Next, the sub-adviser constructs a portfolio that holds approximately 175 to 250 stocks.

T. Rowe Price employs a value approach in selecting investments. The sub-adviser utilizes internal research to identify companies that appear to be undervalued and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

The sub-adviser focuses on companies with an established operating history; above-average dividend yield and low price/earnings ratio, balance sheet strength, and low stock price.

The fund may purchase a security if it believes there could be an increase in value as a result of a management change, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development.

The fund may at times have significant exposure to one or more industries or sectors, or may hold a portion of its assets in cash or cash equivalents.

The fund may invest up to 25% of its net assets in securities of foreign issuers and American Depositary Receipts, including emerging market securities.

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

The fund manages assets with the help of two sub-advisors namely Wellington Management Company LLP and T. Rowe Price & Associates, Inc.

The sub-advisers’ investment process focuses on companies that are estimated to be financially sound, valued conservatively by the market, and have improving prospects.

T. Rowe Price uses internal research to identify companies that appear to be undervalued or may be out of favor for temporary reasons but have good prospects for capital appreciation and dividend growth.

The sub-adviser generally looks for companies with an established operating history; above-average dividend yield and a sound balance sheet. The sub-adviser also considers financial characteristics such as low stock price relative to a company’s underlying value as measured by assets, cash flow, or business franchises.

Wellington Management focuses on high quality, reasonably-valued companies that have demonstrated the willingness to return value to shareholders.

The sub-adviser’s investment process employs bottom-up fundamental research to identify undervalued stocks that have the potential for significant rewards in the long term.

The sub-advisers each are responsible for a portion of the portfolio, although they may manage different amounts of the fund’s net assets. The sub-advisers may purchase a security if they believe there could be an increase in value as a result of management change, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development.

The portfolio may at times have significant exposure to one or more industries or sectors, and may hold a portion of its assets in cash or cash equivalents.

The fund generally will not invest more than 30% of its net assets in securities of foreign issuers.

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

The sub-advisor’s investment process uses quantitative techniques and fundamental analysis to identify investment opportunities in companies that demonstrate growth potential.

Next, the research team ranks each stock on a consistent set of growth, quality, and valuation criteria. The sub-advisor may purchase a security if it believes there could be an increase in value as a result of management change, an extraordinary corporate event such as a merger, acquisition, or divestiture, a new product introduction or innovation, or a favorable competitive development.

The fund has the flexibility to invest up to 20% of its net assets in foreign securities, which may include investments in emerging markets.

The fund may at times have significant exposure to one or more industries or sectors. 

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

The fund manages assets through two sub-advisers, Boston Partners Global Investors, Inc. and Barrow, Hanley, Mewhinney & Strauss, LLC.

The sub-advisers each are responsible for a portion of the portfolio, although they may manage different amounts of the fund’s net assets.

The sub-advisers’ investment process is designed to highlight companies that are estimated to trade below their fair values.

Boston Partners with the help of valuation multiples such as book value and earnings determines the value characteristics of a company. The sub-adviser assesses a company on the basis of its operating and financial fundamentals, such as return on equity, earnings growth, and cash flow.

Finally, the sub-adviser selects securities for the portfolio based on a continuous study of trends in industries and companies, earnings power, and growth.

Barrow Hanley employs proprietary research to identify companies that it believes to be undervalued but having the potential to generate superior returns.

The sub-adviser looks to capitalize on market inefficiencies and constructs a portfolio of approximately 80 to 120 securities.

The fund may at times have significant exposure to one or more industries or sectors, or may hold a portion of its assets in cash or cash equivalents.

The fund may invest up to 20% of its net assets in securities of foreign issuers and American Depositary Receipts, including emerging market securities.

The fund may invest up to 15% of its net assets in illiquid securities, and may participate in initial public offerings of securities.

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

The fund manages assets with the help of two sub-advisors are Sands Capital Management, LLC and Jackson Square Partners, LLC.

The sub-advisors’ investment process uses quantitative techniques and fundamental analysis to identify companies that demonstrate growth potential.

Sands Capital uses bottom-up, fundamental research to look for companies that it believes exhibit dramatic wealth creation potential. The sub-advisor focuses on characteristics such as consistent earnings growth, market leading position, significant competitive advantages/unique business franchise, clarity in mission, financial strength, and rational valuation.

Jackson Square focuses on companies that it believes are undervalued in relation to their estimated intrinsic value, as indicated by multiple factors, including the return on capital above its cost of capital.

The fund has the flexibility to invest up to 20% of its net assets in foreign securities, which may include investments in emerging markets. 

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

The sub-advisor T. Rowe Price’s investment process begins with companies in the benchmark index to identify companies with attractive growth profile, proven products or services, and sustainable earnings growth.

The sub-advisor Frontier also looks for companies with attractive and above-average earnings growth but with lagging stock prices.

Frontier looks for businesses that can generate returns on capital in excess of their cost of capital over a business cycle.

Normally the fund invests in mid-size companies but can invest up to 20% of its net assets in stocks outside of that capitalization range. The fund has the flexibility to invest up to 25% of its net assets in foreign companies.

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

The sub advisor’s investment process starts with identifying undervalued companies that may be out of favor for temporary reasons.

The team believes that companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry.

Next, the research team using quantitative analysis highlights companies with earnings, cash flows, and/or assets that are not fully reflected in current market prices.

The team then narrows the list of these companies and plans to hold them till they reflect the estimated fair value.

The fund may consider companies that have a favorable dividend-paying history. 

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

The fund manages assets through two sub-advisers, Massachusetts Financial Services Company and Harris Associates L.P.

The sub-advisers each are responsible for a portion of the portfolio, but not necessarily equally weighted.

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.

However, each sub-adviser may invest a significant percentage of the fund’s net assets in a single country or sector, a small number of countries or sectors, or a particular geographic region.

MFS favors companies exhibiting above average earnings growth potential, or that are estimated to trade below their fair values, or in a combination of growth and value companies.

Harris prefers companies that are trading at discounts to their estimated intrinsic value.

Next, the research team focuses on foreign companies, including companies located in Europe, Latin America, and Asia.

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

The fund may invest up to 25% of its net assets in securities of issuers in emerging markets.
 

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

The fund manages assets with the help of two sub-advisers namely Wellington Management Company LLP and Invesco Advisers, Inc.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

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 invests in companies that offer potential for long-term growth.

Wellington Management focuses on companies that are experiencing or will experience rapid earnings or revenue growth.

Invesco utilizes fundamental research to select securities for the fund’s portfolio.

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 foreign securities, including emerging market securities.

The fund may at times have significant exposure to one or more industries or sectors.

Also, the fund may hold a portion of its assets in cash or cash equivalents.

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

The fund manages assets with the help of two sub-advisers namely Wellington Management Company LLP, and Barrow, Hanley, Mewhinney & Strauss, LLC.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

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

Wellington Management seeks to identify companies that are undervalued and have the potential for significant longer-term returns.

Barrow Hanley typically focuses on companies that have the potential to generate superior returns with below average levels of risk.

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 foreign securities, including emerging market securities.

The fund may at times have significant exposure to one or more industries or sectors.

Also, the fund may hold a portion of its assets in cash or cash equivalents.

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

The fund manages assets with the help of two sub-advisers namely AllianceBernstein L.P., and American Century Investment Management, Inc.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

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

AllianceBernstein seeks to identify companies whose ability to grow earnings over the long term does not appear to be reflected in their current market price.

AllianceBernstein looks for companies with attractive valuation (e.g., low price to cash flow ratios) and compelling quality factors (e.g., return on equity).

In selecting securities for the portfolio, American Century looks for companies with earnings, cash flows, and/or assets that may not be accurately reflected in the companies’ stock prices or may be outside the companies’ historical ranges.

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 invest in foreign securities and American Depositary Receipts, including emerging market securities. 

However, the fund generally will not invest more than 20% of its net assets in foreign securities.

The fund may invest in real estate investment trusts and exchange-traded funds.

Also, the fund may at times have significant exposure to one or more industries or sectors.

The fund may hold a portion of its assets in cash or cash equivalents.

The fund seeks to replicate the aggregate price and dividend 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.

The passively managed fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Next, the research team invests in securities of companies included in the benchmark index. The Index is a widely recognized, unmanaged index representative of equity securities in developed markets, excluding the U.S. and Canada.

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.

Because the proportion of assets allocated to each country will approximate the relative country weights in the Index, more than 25% of the fund’s net assets may be invested in a single country such as the United Kingdom and Japan.

The fund seeks to replicate the aggregate price and dividend performance of the benchmark index before fees and expenses 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.

The passively managed fund seeks to replicate the composition and performance of the benchmark index, holding each security in approximately the same proportion as its weighting in the 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 seeks to replicate total return performance of the benchmark index before fees and expenses by investing in mid-size companies in the United States.

The sub-advisor’s 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 process uses a passive investing style to replicate the composition of the benchmark index.

The sub-advisor has the flexibility to buy and sell securities in response to changes in the index, and may use Index futures contracts to gain exposure to the index in lieu of investing in cash, or to reduce its exposure to the index while it sells the securities in its portfolio.