The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in companies across any size outside the United States.

The fund utilizes a representative sampling strategy to weight companies with more favorable characteristics with respect to women’s leadership (e.g., number of women in executive positions or on the board of directors).

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 the component securities of the Impax Global Women’s Leadership Index (Women’s Index) and in American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts representing the component securities of the Women’s Index.

Additionally, the team integrates environmental, social and governance factors as part of its process.

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 invests at least 40% (or, if the manager deems market conditions are not favorable, at least 30%) of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States.

The fund has the flexibility to invest in growth and value securities.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents.

The fund may invest in emerging markets and generally will be diversified across multiple countries or geographic regions.

Additionally, the fund may take significant positions in one or more sectors, including the financial services sector and the information technology sector.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

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

The sub-adviser follows a sustainable investing approach, combining financial analysis with environmental, social and governance analysis in order to identify potential investments.

Then the research team focuses on higher quality companies that have superior environmental, social and governance profiles and reasonable valuations.

The team favors securities with stronger ESG scores, higher profitability, higher earnings quality, lower risk and lower valuations relative to the benchmark index.

ESG scores are calculated based on the manager’s assessment of an issuer’s ESG profile. The scores emphasize management of ESG-related risks, incorporate ESG trends and adjust for involvement in significant ESG-related controversies.

Additionally, the research team utilizes a quantitative process, optimizing ESG, quality factors and valuation factors relative to benchmark constraints.

Quality factors include but are not limited to quantitative determinations of profitability and earnings quality. Valuation is determined by considering a combination of earnings-based valuation measures.

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 managers may take significant positions in companies in the information technology sector, which could lead to increased volatility.

The fund excludes companies that are significantly involved in the extraction and/or refining of fossil fuels. However, the fund has the flexibility wherein energy company holdings are replaced with energy efficiency stocks.

The fund may invest a portion of its assets in securities of non-U.S. issuers, including emerging market investments and American Depositary Receipts, but may invest no more than 25% of its assets in securities of non-U.S. issuers other than ADRs.

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 companies whose businesses and technologies focus on environmental markets, including alternative energy and energy efficiency; water infrastructure technologies and pollution control; environmental support services and waste management technologies; and sustainable food, agriculture and forestry.

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 positive overall environmental performance.

The team also prefers companies whose products or services help other companies and countries improve their environmental performance.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 has the flexibility to invest in growth or value stocks or a combination of both.

The fund will invest in securities of companies located around the world, including at least 40% of its net assets in securities of non-U.S. issuers, including those located in emerging markets.

In addition, the fund’s investments may be diversified across multiple countries or geographic regions, or may be focused on a select geographic region, although the fund will normally have investments in a minimum of three countries other than the United States.

Also, the fund seeks to avoid investing in companies with significant environmental problems or worsening environmental profiles.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

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 companies that will benefit from the transition to a more sustainable global economy, which seeks to preserves ecological and societal balance for the benefit of future generations.

The team seeks to invest in companies with durable business models that are well positioned to benefit from or avoid the risks associated with this transition.

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 durable competitive advantages, track records of consistent returns on investment, and whose future earnings power is not reflected in their current valuations.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 typically will hold between 35 and 45 securities position.

Also, the fund has the flexibility to invest in growth or value stocks or a combination of both.

The fund will invest in securities of companies located around the world, including at least 40% of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States, including those located in emerging markets.

In addition, the fund’s investments may be diversified across multiple countries or geographic regions, or may be focused on a select geographic region, although the fund will normally have investments in a minimum of three countries other than the United States.

The fund avoids companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

The fund seeks capital appreciation and income 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.

Next, the research team invests in companies that derive significant revenues from owning, operating, developing or distributing sustainable infrastructure-related goods, services or assets.

The team believes sustainable infrastructure conserves, enables or increases access to vital resources such as clean energy, water, food and agriculture, including resource and waste management.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 take significant positions in one or more sectors, including the industrials and utilities sectors.

Additionally, the fund will invest at least 40% of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States, including those located in emerging markets.

The fund does not invest in companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant revenues or profits from storage, distribution or power generation from the same.

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

The fund follows a sustainable investing approach, combining financial analysis with environmental, social and governance analysis in order to identify potential investments.

The investment process uses fundamental research to identify companies with attractive valuations and superior growth outlook.

The research team uses a bottom-up stock selection technique to focus on companies with favorable business trends, superior management, and near-term catalysts that can drive stock price appreciation.

The research process is driven by fundamental analysis of one stock at a time. The portfolio may overweight or underweight specific sectors and may take positions in companies in the technology sector.

Generally, the portfolio holds 30 to 60 stocks. The portfolio is not constrained by any particular investment style, and may therefore invest in growth or value stocks or both. Additionally, it may buy stocks in any sector or industry.

The fund excludes companies that are significantly involved in the extraction and/or refining of fossil fuels.

The fund has the flexibility to invest up to 45% of its assets in securities of non-U.S. issuers, including American Depositary Receipts.

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in mid-and large-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.

The fund employs a passive management or indexing strategy to track the performance of the benchmark index.

Additionally, the team integrates environmental, social and governance factors as part of its process.

Next, the research team focuses on issuers organized or operating in developed market countries around the world excluding the U.S. and Canada that have high sustainability or environmental, social and governance ratings relative to their sector and industry group 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.

In addition, the fund seeks to replicate the concentration of the benchmark index, concentrating its investments in the same industry or group of industries.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents, and stocks not included in the benchmark index.

The fund may invest in American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts.

Additionally, the fund avoids companies that are significantly involved in the extraction and/or refining of fossil fuels.
 

The fund seeks capital appreciation in the long term 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.

Next, the research team focuses on companies that will benefit from the transition to a more sustainable global economy.

As part of the team's analysis of a company's sustainability, the team considers environmental, social and governance factors relating to the company.

The research process is driven by fundamental analysis of one stock at a 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 fund may take significant positions in one or more sectors, including the financial services sector.

Also, the fund may invest in growth or value stocks or a combination of both.

The fund may invest up to 45% of its net assets in securities of non-U.S. issuers, including American Depositary Receipts.

However, the fund may invest no more than 25% of its net assets in securities of non-U.S. issuers other than ADRs.

The fund’s investments in securities of non-U.S. issuers, if any, may be diversified across multiple countries or geographic regions, or may be focused in a single country or geographic region

Additionally, the fund does not invest in securities of companies that derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant (generally more than 5%) revenues or profits from storage, distribution or power generation from the same.