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

The investment process looks to invest in securities of real estate investment trusts and/or real estate-related companies.

The investment team looks for REITs, which own or lease real estate and derive their income primarily from rental income.

According to the investment team, real estate-related companies are involved in the development, ownership, construction, management or sale of real estate.

Companies with significant real estate holdings and that provide products or services related to the real estate industry are also considered as real estate-related companies.

The strategy seeks to invest in securities of issuers located in no fewer than three regions, North America, Europe and Asia Pacific.

Then the research team relies on fundamental analysis to focus on companies with positive cash flow growth and increasing dividends.

The team evaluates companies on the basis of attributes such as valuation, price, and catalysts.

In the valuation sleeve, the team looks for companies that are trading at discounts to their estimated intrinsic value.

For the price sleeve, the team reviews the historic pricing of each company in the investable universe.

As for catalysts, the team seeks to identify potential near-term catalysts, such as changes in interest rates, regional and local 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 portfolio typically holds 40 to 50 securities, diversified across property type, leverage, yield, and geographic region.

The fund may invest up to 10% of its net assets in securities of companies located in emerging markets. 

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 strategy seeks to generate positive absolute returns over time.

Next, the research team seeks to identify price trends in equity, fixed-income, currency and commodity instruments across time periods of various lengths.

The team believes following trends across a widely diversified set of assets, combined with active risk management, lead to a positive estimated return 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 portfolio may have both short and long exposures within an asset class based upon the trends in a particular asset class.

A short exposure will benefit when the underlying asset class decreases in price. A long exposure will benefit when the underlying asset class increases in price. 

The fund will invest at least 75% of its net assets in money market and other short-term, high-quality securities.

However, the fund will concentrate its investments in the financial services industry.

The fund estimates to obtain investment exposure to commodities and commodity-related derivatives by investing in a wholly-owned subsidiary organized under the laws of the Cayman Islands that will make commodity-related investments (the Commodity Subsidiary).

The fund seeks total return 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 invests in equity securities, such as common stocks and American Depositary Receipts, and real estate investment trusts.

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 writes (selling) index call options with an aggregate notional value approximately equal to the market value of the equity portfolio.
 

The fund seeks maximum returns 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 invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options.

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 buys index put options.

Equity securities purchased by the fund may include U.S. exchange-listed common stocks, American Depositary Receipts, and real estate investment trusts.

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 primarily in equity securities, including common stocks and depositary receipts.

The team favors companies with sustainable competitive advantages, above-average future cash flow growth, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for shareholders.

In addition, the research team focuses on companies that are trading at significant discounts to their estimated 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 will invest in securities that provide exposure to no fewer than three countries, which will include the U.S

In addition, the fund will invest at least 40% of its net assets in securities of companies that maintain their principal place of business or conduct their principal business activities outside the U.S., or companies that have their securities traded on non-U.S. exchanges or companies that have been formed under the laws of non-U.S. countries.

Also, the fund may invest up to 30% of its net assets in emerging markets securities.

The fund normally invests across a wide range of sectors and industries.

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 equity securities, which may include common stocks, preferred stocks, depositary receipts and real estate investment trusts.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team employs a thematic approach to identify companies that offer solutions to major global changes taking place.

These changes include demographics, such as an aging population, environmental issues, such as water scarcity, technological advances, such as cloud computing, and governance changes, such as the growing importance of corporate responsibility.

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 50 stocks.

The fund invests in securities of companies located in no fewer than three countries, which may include the U.S.

Also, the fund will invest at least 40% of its net assets in securities of companies located outside the U.S.

In addition, the fund may invest up to 25% of its net assets in securities of companies located in emerging markets.

Emerging markets are economies that are not generally recognized to be fully developed markets, as measured by gross national income, financial market infrastructure, market capitalization and/or other factors.

The fund may invest in growth and value companies and may also invest in initial public offerings.

Furthermore, the fund seeks to invest in companies with a positive impact on the United Nations’ Sustainable Development Goals.

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 companies located outside the U.S.

The team employs a thematic approach to identify companies that offer solutions to major global changes taking place.

These changes include demographics, such as an aging population, environmental issues, such as water scarcity, technological advances, such as cloud computing, and governance changes, such as the growing importance of corporate responsibility.

Then the team narrows the investable universe of solution providers to select companies that are well managed with financial stability and durable competitive advantages.

In addition, the team considers companies that are trading at significant discounts to their estimated intrinsic values.

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 securities of companies located in no fewer than three countries outside the U.S.

The portfolio holds approximately 50 stocks.

Also, the fund may invest up to 25% of its net assets in securities of companies located in emerging markets.

Additionally, the fund may also invest in initial public offerings.

Furthermore, the fund seeks to invest in companies with a positive impact on the United Nations’ Sustainable Development Goals.

However, the fund avoids companies whose activities or products have a negative impact on or create a risk to achieving the SDGs.
 

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 identify companies trading at a discount to their estimated intrinsic value. The process focuses on high-quality businesses demonstrating sustainable competitive advantages, structural growth drivers, and attractive cash flow returns on invested capital.

Next, the research team considers management’s focus on creating long-term value for shareholders. The team also focuses on a company’s quality, growth and valuation characteristics, as well as business models.

The portfolio holdings consist of companies that demonstrate durable and profitable growth trends.

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 invest across a wide range of sectors and industries.    

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

The sub-adviser’s investment process is designed to highlight companies that appear to be undervalued and are trading at a significant discount to their estimated intrinsic value.

The research team focuses on companies that have attributes such as free cash flows and prudent investment of excess cash, earnings growth and high level of company management ownership.

The team also considers companies that are estimated to grow in value over time and have capable management teams.

The focused portfolio holds approximately 30 to 60 stocks that the managers believe offer the greatest potential for price appreciation. The fund has the flexibility to invest in any industry.

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 focuses on non-U.S. markets throughout the world, including emerging markets.

The team favors companies that are trading at a discount to their estimated intrinsic value.

In addition, the team looks for companies with free cash flows and that emphasize prudent investment of excess cash.

Also, as part of the fundamental analysis, the team emphasizes companies whose earnings are growing and operated by proven management teams.

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 30 to 65 stocks.

Generally, the fund will invest in the securities of at least five countries outside the U.S. However, there are no geographic limits on the fund’s non-U.S. investments.

The fund may also invest in the securities of U.S. companies.
 

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

The fund manages assets with the help of two sub-advisors namely Harris Associates L.P. and Loomis, Sayles & Company, L.P.

The sub-advisers’ investment process 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 process combines complementary, fundamentally driven value and growth strategies.

Harris Associates manages the Large Cap Value segment of the fund. The sub-adviser’s investment process is designed to highlight companies that appear to be undervalued and are trading at a significant discount to their intrinsic value.

Loomis, Sayles manages the All Cap Growth segment of the fund. The sub-adviser emphasizes companies with sustainable competitive advantages, long-term structural growth drivers, attractive cash flow returns on invested capital, and management teams focused on creating value for shareholders.

The segment’s portfolio manager aims to invest in companies when they trade at a significant discount to their estimated intrinsic value.

This segment may invest in companies of any size. The segment normally invests across a wide range of sectors and industries.

The fund seeks capital appreciation in the long term by investing in mid-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 earning a positive return on capital with stable-to-improving returns.

The team considers companies with an attractive and sustainable dividend level.

In selecting securities for the portfolio, the research team focuses on companies that are lagging in market price for temporary reasons and are trading at discounts to their estimated 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 may also invest in foreign securities, including emerging markets securities, as well as REITs.

Additionally, the fund may invest in securities offered in initial public offerings.

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

The value-driven investment process is designed to highlight companies that are lagging in market price or trading at a discount to their estimated intrinsic value based on discounted cash flow models, or out-of-favor or misunderstood by investors.

The research team focuses on companies earning a positive return on capital with stable-to-improving returns and an attractive and sustainable dividend level.

In addition, the team employs fundamental analysis to narrow down the investable universe to a portfolio of 20 to 40 securities. The portfolio is made up of quality companies with the potential to provide significant increases in share price over a three year period.

The fund may invest in fixed-income securities including below investment grade that may raise risk profile and also short equity securities and/or market indexes.

The fund has the flexibility to invest in foreign securities, including emerging market securities, traded in U.S. markets directly or through depositary receipt programs such as American Depositary Receipts and Global Depositary Receipts.

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 trading at discounts to their estimated intrinsic value based on discounted cash flow models.

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 are earning a positive return on capital with stable-to-improving returns, and with an attractive and sustainable dividend level.

In addition, the team also favors companies that are lagging in market price and whose future earnings power is not reflected in their current valuations, or companies that are misunderstood by investors.

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 is made up of 60 to 80 securities of quality companies with the potential to provide significant increases in share price over a three year period.

The fund may invest in convertible preferred stock and convertible debt securities, foreign securities, including emerging market securities, REITs, as well as securities offered in initial public offerings.

The fund may, however, invest in companies with large capitalizations.