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 a broad and diverse group of securities of companies in emerging markets, which may include frontier markets (i.e., emerging market countries in an earlier stage of development).

The team focuses on securities of companies that are considered value stocks at the time of investment.

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 Brazil, Chile, China, Colombia, the Czech Republic, Greece, Hungary, India, Indonesia, Malaysia, Mexico, the Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey, and the United Arab Emirates.
 

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

However, the fund invests substantially all of its net assets in the International Small Company Portfolio of DFA Investment Dimensions Group Inc.

The DFA Portfolio seeks to provide investors with access to securities portfolios consisting of a broad range of equity securities of primarily small Japanese, United Kingdom, Continental European, Asia Pacific and Canadian companies.

The DFA Portfolio invests substantially all of its assets in: The Japanese Small Company Series (the Japanese Series), The United Kingdom Small Company Series (the United Kingdom Series), The Continental Small Company Series (the Continental Series), The Asia Pacific Small Company Series (the Asia Pacific Series) and The Canadian Small Company Series (the Canadian Series) (each an Underlying Fund and together, the Underlying Funds).

Each Underlying Fund invests in small companies using a market capitalization weighted approach in each country or region designated by the sub-adviser as an approved market for investment.

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 sub-adviser has the flexibility to adjust the representation or exclude a company in the Underlying Funds based on factors such as free float, size, value, profitability, trading strategies, liquidity, and momentum.

In assessing a company’s investment characteristics, the research team may consider ratios such as recent changes in assets or book value scaled by assets or book 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 allocation of the assets of the DFA Portfolio to be invested in the Underlying Funds will be determined by the sub-adviser on at least a semi-annual basis.

However, the Underlying Funds invest primarily in developed market countries.

The fund seeks capital appreciation in the long term 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.

Next, the research team focuses on value stocks in countries with developed markets.

According to the team, a company’s shares that are cheap in relation to their book value are considered value stocks.

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 the stocks of companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
 

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

The process utilizes a market capitalization weighted approach to weight the securities in the fund’s portfolio.

In general, the higher the relative market capitalization of the issuer, the greater its representation in the fund.

Then the research team assesses companies on factors such as free float, profitability, trading strategies, liquidity, size, value, momentum, and investment characteristics.

In assessing profitability, the team may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.

In assessing a company’s investment characteristics, the investment team may consider ratios such as recent changes in assets or book value scaled by assets or book value.

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 also invest up to 5% of its total assets in the U.S. Micro Cap Portfolio, a portfolio of DFA Investment Dimensions Group Inc.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term 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 securities of U.S. small cap companies.

The team utilizes a market capitalization weighted approach to purchase a broad and diverse group of readily marketable equity securities of U.S. small cap companies.

Also, the team considers factors such as a company’s free float, size, value, momentum, trading strategies, liquidity, profitability, and investment characteristics.

The team also favors companies that are inexpensive on the basis of book value.

In assessing value, the team relies on valuation multiples on the basis of cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets or book value scaled by assets or book 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 lend its portfolio securities to generate additional income.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that are trading at a discount to their estimated fair value.

Then the research team relies on fundamental analysis to identify companies that are inexpensive on the basis of book value, cash flow and earnings.

In assessing profitability, the team may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.

In assessing a company’s investment characteristics, the investment team may consider ratios such as recent changes in assets or book value scaled by assets or book value.

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 manager has the flexibility to exclude a company based on factors such as free float, size, value, profitability, trading strategies, liquidity, and momentum.

The fund may lend its portfolio securities to generate additional income.