The fund seeks capital appreciation in the long term by investing in companies located or with primary operations in Africa and the Middle East.

The countries in which the fund normally invests are Bahrain, Egypt, Jordan, Kenya, Kuwait, Lebanon, Morocco, Nigeria, Oman, Qatar, Saudi Arabia, South Africa, and United Arab Emirates.

Other countries in which the fund invests include Algeria, Angola, Botswana, Ghana, Ivory Coast, Mauritius, Mozambique, Namibia, Niger Republic, Rwanda, Senegal, Syria, Tanzania, Tunisia, Uganda, Zambia, and Zimbabwe.

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 research process is driven by fundamental analysis of one stock at a time. Next, the research team prefers companies with attractive valuations and consistent accelerated earnings growth over the long term.

The team looks to buy companies at reasonable prices relative to present or anticipated earnings, cash flow, or book value.

In addition, the team favors companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, proven management teams, durable earnings and/or cash flow, and balance sheet strength.

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 is non-diversified, meaning it may invest a greater portion of its assets in a single company and own more of the company’s voting securities than is permissible for a diversified fund.

However, the fund may make substantial investments in banks and financial companies in various African and Middle Eastern countries.

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

The investment process is designed to invest in securities of communications and technology companies.

According to the investment team, these companies can be involved in Internet-related industries such as e-commerce and digital products and services, media, including publishing, advertising, broadcasting, and cable and satellite TV, movies and entertainment, telecommunication and wireless telecommunication services, computer hardware, software, and networking services, and components and equipment.

Next, the research team relies on fundamental, bottom-up analysis to identify companies with superior capital appreciation prospects.

The team may utilize both growth and value approaches to stock selection.

In assessing growth stocks, the team focuses on companies with capable management teams, attractive business niches, sound financial and accounting practices with consistent revenues, earnings, and cash flow growth.

When evaluating value stocks, the team looks for companies that are estimated to trade below their fair values but have future growth potential not yet recognized by the market.

The team also considers companies that may be cheap for temporary reasons.

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

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

The fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.
 

The fund seeks dividend income and capital appreciation in the long term by investing in mid-and large-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 invests in stocks that have a track record of paying dividends or that are estimated to increase their dividends over time.

The team prefers companies with sustainable, above-average growth in earnings and dividends.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at discounts to their estimated intrinsic value.

In selecting securities for the portfolio, the research team favors companies that have a sound balance sheet and excellent cash flow to support future dividend increases.

Other factors in consideration are companies with a sustainable competitive advantage and leading market position, and attractive 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 also invest in foreign stocks.

The fund seeks capital appreciation in the long term by investing in companies across any size located or with primary operations in the emerging market countries of Europe, including Eastern Europe and the former Soviet Union.

The countries in which the fund normally invests are located in the Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, and Turkey.

Other countries in which the fund invests include Bulgaria, Croatia, Estonia, Georgia, Latvia, Lithuania, Slovakia, Slovenia, and Ukraine.

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 research process is driven by fundamental analysis of one stock at a time. Next, the research team prefers companies with attractive valuations and consistent accelerated earnings growth over the long term.

The team looks to buy companies at reasonable prices relative to present or anticipated earnings, cash flow, or book value.

In addition, the team favors companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, proven management teams, durable earnings and/or cash flow, and balance sheet strength.

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 35% of its net assets in any industry that accounts for more than 20% of the emerging European market as a whole.

The fund considers frontier markets to be a subset of emerging markets.

The fund may invest significantly in the banking industry and energy sector.

The fund is non-diversified, meaning it may invest a greater portion of its assets in a single company and own more of the company’s voting securities than is permissible for a diversified fund.
 

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

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

The fund manages assets with the help of two sub-advisers namely T. Rowe Price International Ltd and T. Rowe Price Singapore Private Ltd.

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 located (or with primary operations) in emerging markets in Asia, Latin America, Europe, Africa, and the Middle East.

In selecting securities for the portfolio, the research team focuses on companies demonstrating the potential for durable above-average, earnings growth over the long-term.

In addition, the team prefers to buy stocks of companies that are trading at reasonable prices relative to present or anticipated earnings, cash flow, or book value.

Also, the team favors companies with leading or improving market position, attractive business niche or improving franchise or industry position, and experienced management teams.

The team seeks companies that exhibit stable or improving earnings and/or cash flow, and sound or improving balance sheet.

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.

However, country allocation is driven largely by stock selection.

The fund may at times invest significantly in China.

The fund seeks a high level of dividend income and capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The investment process is driven by a value-oriented approach to focus on companies with an above-average dividend yield from a list of companies in the benchmark index.

The process looks for companies that have a strong track record of paying dividends or that are believed to be undervalued.

Then the research team utilizes internal research to identify companies that may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

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

In addition, the team 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.

Then the research process is driven by fundamental analysis of one stock at a time. The portfolio is broadly diversified across sectors to minimize volatility.

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

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

The investment process is designed to highlight companies in the benchmark index that are engaged in the financial services industry.

The investment team focuses on companies that derive at least 50% of its revenues from conducting business in the financial services industry.

The team considers regional and money-center banks, insurance companies, home, auto, and other specialty finance companies, securities brokerage firms and electronic trading networks, investment management firms, and publicly traded, government-sponsored financial enterprises as related to the financial services industry.

Additionally, thrift and savings banks, financial conglomerates, foreign financial services companies, electronic transaction processors for financial services companies, real estate companies, and securities exchanges are considered as part of the financial services industry.

Then the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team focuses on high quality companies with the potential for capital appreciation.

The research team employs growth and value investment styles to identify potential investment opportunities.

In the growth sleeve, the team looks for companies with proven management teams, attractive business niches, superior financial and accounting practices, and consistent revenues, earnings and cash flow growth.

In the value sleeve, the team seeks companies that are estimated to trade below their fair values relative to earnings, projected cash flow, or asset value per share.

The team also focuses on companies that are out of favor for temporary reasons but have future capital appreciation potential not yet recognized by the market.

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 portfolio comprises of stocks of many companies that pay a dividend.

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

The fund is nondiversified, meaning it may invest a greater portion of its net assets in fewer issuers than is permissible for a diversified fund.

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 securities issued by companies in the consumer sector.

The team prefers companies that are well-positioned in their industry, and selects stocks with the most favorable combination of company fundamentals and valuation.

In the growth sleeve, the team focuses on companies with capable management, attractive business niches, superior financial and accounting practices, and/or a demonstrated ability to increase revenues, earnings, and cash flow consistently.

In the value sleeve, the team focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value relative to earnings, projected cash flow, or asset value per share.

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 at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not deemed favorable) in securities issued by companies organized or located outside the U.S., including securities of emerging market issuers.

In addition, the fund focuses on companies in the consumer staples and consumer discretionary sectors (excluding automobiles and components companies).

The fund seeks to invest in various companies engaged in the research, development, manufacture, distribution, supply or sale of consumer products, services, or equipment.

Also, the fund invests in a wide variety of industries within the overall consumer sector.

According to the investment team, potential investments within the consumer staples sector may include companies involved in activities related to household and personal products; packaged foods and meats; and food and drug retail.

Potential investments within the consumer discretionary sector may include companies involved in activities related to apparel, accessories and luxury goods; internet, cable and satellite; and home improvement.

The fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

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 securities issued by companies in the industrials sector.

The team favors companies that are growing market share, benefitting from high barriers to entry, pursuing continuous operational improvement, and allocating capital prudently.

Also, the team considers factors such as, a company’s growth potential, valuation, cash flows and overall financial condition, strength of processes, and competitive position in its industry.

In addition, the team emphasizes companies that exhibit the ability to improve margins and growth rates with the presence of a near-term catalyst to unlock 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 invests at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not deemed favorable) in securities issued by companies organized or located outside the U.S. or doing a substantial amount of business outside the U.S.

Also, the fund invests in at least five different countries, some of which may be located in emerging markets.

The fund invests in industries, such as aerospace and defense, building products and equipment, automobiles and automobile components, machinery, construction and engineering, electrical components and equipment, industrial technology,  business services, transportation, and manufacturing and industrial conglomerates.

Additionally, the fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

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 real estate companies throughout the world, including the U.S.

The team defines real estate companies as any company that derives at least 50% of its revenues or profits from, or commits at least 50% of assets to, real estate activities.

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 high-quality companies with both good appreciation prospects and income-producing potential.

In addition, the team considers factors such as a company’s relative valuation, free cash flow, undervalued assets, quality and experience of management team, type of real estate owned, and the nature of a company’s real estate activities.

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 at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not deemed favorable) in real estate companies outside the U.S.

Also, the fund will invest in at least five countries.

Additionally, the fund invests significantly in real estate investment trusts.

The fund’s investments in the real estate industry in the U.S. and outside the U.S., include REITs, real estate operating companies, brokers, developers, and builders of residential, commercial, and industrial properties, property management firms, finance, mortgage, and mortgage servicing firms, construction supply and equipment manufacturing companies.

The fund also invests in firms dependent on real estate holdings for revenues and profits, including lodging, leisure, timber, mining, and agriculture companies.

In addition, the fund invests up to 20% of its net assets in companies that either derive a substantial portion of revenues or profits from servicing real estate firms, or that are unrelated to the real estate business.

Additionally, the fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.
 

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 securities of f companies that are estimated to generate a majority of their revenues from the development, advancement, and use of technology.

The team emphasizes on the securities of leading technology companies around the world.

In selecting securities for the portfolio, the research team assesses companies’ business prospects, the valuations of their stocks, and their prospects for share price appreciation.

The team also focuses on companies positioned to benefit from advances in technology even if they are not direct technology providers.

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 at least 5 countries and allocates approximately 25% of its net assets in stocks of companies outside the U.S., including companies in emerging markets.

Some of the industries and companies in the portfolio include communications, Internet infrastructure, semiconductors, computer, e-commerce and data processing services, and media and entertainment.

Additionally, the fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

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

The investment process is designed to highlight companies in the benchmark index that are engaged in the health sciences companies.

The process focuses on companies engaged in the research, development, production, or distribution of products or services related to health care, medicine, or the life sciences.

Then the research team relies on fundamental analysis to identify high-quality companies that represent the most compelling investment opportunities.

The team considers companies with rapid earnings growth relative to inflation and the economy. In addition, the team seeks companies that are estimated to trade below their fair values.

The fund may seek investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.

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

The manager divides the health sciences sector into four main areas namely pharmaceutical companies; health care services companies; medical products and devices providers; and biotechnology firms.

Next, the manager allocates capital depending on the relative potential within each area and the outlook for the overall health sciences sector.

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

The fund has the flexibility to invest across all market capitalizations.

The fund is non-diversified and may invest a greater percentage of its net assets in fewer issuers than a diversified fund.

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

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

The fund manages assets with the help of two sub-advisers namely T. Rowe Price International Ltd and T. Rowe Price Singapore Private Ltd.

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 located (or with primary operations) in emerging markets in Asia, Latin America, Europe, Africa, and the Middle East.

In selecting securities for the portfolio, the research team focuses on companies demonstrating the potential for durable above-average, earnings growth over the long-term.

In addition, the team prefers to buy stocks of companies that are trading at reasonable prices relative to present or anticipated earnings, cash flow, or book value.

Also, the team favors companies with leading or improving market position, attractive business niche or improving franchise or industry position, and experienced management teams.

The team seeks companies that exhibit stable or improving earnings and/or cash flow, and sound or improving balance sheet.

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.

However, country allocation is driven largely by stock selection.

The fund may at times invest significantly in China.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located or with primary operations in Latin America.

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 countries in which the fund invests are Argentina, Brazil, Chile, Colombia, Mexico, Peru, Belize, Ecuador, Guatemala, Panama, and Venezuela.

Next, the research team relies on fundamental analysis to look for companies demonstrating the potential for consistent above-average, long-term earnings growth.

The team seeks to purchase companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

In addition, the team prefers companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, proven management, sustainable or improving earnings and/or cash flow, and healthy or improving balance sheet.

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.

Additionally, the fund may make substantial investments in banks and financial companies in various Latin American countries.

The fund is non-diversified meaning it may invest a greater portion of its assets in a single company and own more of the company’s voting securities than is permissible for a diversified fund.
 

The fund seeks capital appreciation in the long term by investing in 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 invests in natural resource companies.

In selecting securities for the portfolio, the research team focuses on companies whose products can be produced and marketed profitably when both labor costs and prices are rising.

In addition, the team also invests in other growth companies that demonstrate superior earnings growth potential but do not own or develop natural resources.

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 natural resource companies that own, develop, refine, service, or transport resources, including energy, metals, forest products, industrials, utilities, chemicals, real estate, and other basic commodities.

Also, at least half of the fund’s net assets will be invested in stocks of U.S. issuers.

However, up to 50% of its net assets may be invested in international stocks (including in stocks issued by companies in emerging market countries).

Additionally, the fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

The fund seeks to provide growth in the long-term through a combination of capital appreciation and current income by investing in companies across any size in the United States.

The investment process seeks to invest in the securities of real estate companies.

The investment team defines real estate companies as those companies that derive at least 50% of their revenues or profits from, or commit at least 50% of their assets to, real estate activities.

Then the research process is driven by fundamental analysis of one stock at a time. The research team focuses on high-quality companies demonstrating capital appreciation and income-producing potential.

The team also considers factors such as relative valuation; free cash flow, undervalued assets, quality and experience of management, type of real estate owned, and the nature of a company’s real estate activities.

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.

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

The fund is likely to maintain a significant portion of assets in real estate investment trusts, and has the flexibility to invest in securities of foreign issuers.

The fund may invest up to 20% of the fund’s net assets in companies that either derive a substantial portion of revenues or profits from servicing real estate firms or that are unrelated to the real estate business.

The fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.
 

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

The investment process is designed to highlight companies that are expected to benefit from the development and use of science and/or technology.

The investment team focuses on companies that operate in industries such as information technology, telecommunication equipment and services, health care, business services and technology solutions, media, internet commerce and advertising, alternative energy, aerospace and defense, and materials and chemicals.

Next, the research team relies on fundamental research to evaluate companies’ business prospects, valuations of their stocks, and share price appreciation potential.

The team may consider small companies offering new technologies, including privately held companies and companies that only recently began to publicly trade, to large firms with established track records.

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

The manager may also invest in companies that will benefit from advances in technology even if they are not direct technology providers.

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

The fund may invest in foreign stocks, including issuers in emerging markets.

The fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

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

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 focuses on companies that are located in, or that have economic ties to, Asia (excluding Japan).

The fund normally invests in Asian countries such as China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand.

Other Asian countries in which the fund invests include Pakistan, Sri Lanka, and Vietnam.

In addition, the team prefers high-quality companies that demonstrate the ability to compound earnings and sustain superior cash flows over time.

Also, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team selects stocks that have the most favorable combination of company fundamentals, earnings potential, and relative valuation.

Additionally, the team favors well-established companies with leading market positions, attractive business niche, competitive advantages in an attractive industry, and proven management teams.

The team seeks companies that demonstrate the ability to consistently increase revenues, earnings, and/or cash flows with prudent capital allocation and balance sheet management.

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 with an awareness of the outlook for certain industries, sectors, and individual countries within the region.

However, country allocation is driven largely by stock selection.

The fund may at times invest significantly in certain sectors, such as the financials sector.

Also, the fund is non-diversified meaning it may invest a greater portion of assets in a single company.

The fund has the flexibility to invest across all market capitalizations, but typically focuses its investments on large-and mid-cap stocks.

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

The investment process is designed to highlight well-established companies exhibiting above-average growth potential.

Next, the research team narrows the investable universe to a list of companies with characteristics such as financial strength, market leadership, and experienced management teams.

The team also considers companies that have the potential for dividend growth.

The fund may broadly diversify sector exposure to minimize volatility, but may at times invest significantly in securities of technology companies.

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

The investment process starts with companies in the benchmark index that exhibit accelerating growth characteristics. The process employs a bottom-up stock selection using fundamental research to look for companies with superior long-term appreciation prospects.

Next, the research team analyzes a company’s financial statements and management structure. The team also looks for attractive business niches, and a sustainable competitive advantage.

The portfolio is diversified to include dividend-paying stocks.

Normally the fund invests in mid-size companies but has the flexibility to invest in all market capitalizations. The fund may at times invest significantly in the technology sector.

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 stocks issued by companies in emerging markets.

The team seeks to invest in stocks of companies located in, or that have economic ties to, the emerging market countries (which include frontier markets) such as Asia, Latin America, Europe, Africa, and the Middle East.

In selecting securities for the portfolio, the research team focuses on companies that are estimated to trade below their fair values but have the potential for improving earnings over time.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value but have good prospects for capital appreciation or dividend growth.

In addition, the team looks for companies that have low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm.

Also, the team prefers companies having low valuation relative to its fundamentals.

The team favors companies that may benefit from restructuring activity or other turnaround opportunities.

Other factors that the team focuses on are companies with a sound balance sheet, superior position in an overlooked industry or country; and above-average dividend yield and/or the potential to grow dividends.

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.

However, country allocation is driven largely by stock selection.

The fund has the flexibility to invest across market capitalizations, but generally focuses on stocks of large-size companies.
 

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 located (or with primary operations) in Europe.

The fund normally invests in Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

Other countries in which the fund invests include Belgium, Czech Republic, Estonia, Hungary, Iceland, Kazakhstan, Poland, Romania, Russia, and Turkey.

The team prefers companies with quality management teams and superior cash flows.

Also, the team generally favors companies with leading or improving market position, attractive business niche or improving franchise, and experienced management teams.

The team seeks companies that exhibit stable or improving earnings and/or cash flow, and sound or improving balance sheet.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team selects stocks that have the most favorable combination of company fundamentals, earnings potential, and relative valuation.

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 with an awareness of the outlook for certain industries, sectors, and individual countries within the region.

However, country allocation is driven largely by stock selection.

Normally, at least five countries will be represented in the portfolio.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-and mid-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 utilizes a sampling strategy to invest in a group of stocks representative of the sector allocations, financial characteristics, and other attributes of 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 manager selects stocks based on industry, size, and other characteristics.

The portfolio holds each security in approximately the same proportion as its weighting in the Index.

The fund may also purchase stock index futures contracts and exchange-traded funds.

In addition, the fund lends its portfolio securities as a means of generating additional income.

The fund seeks capital appreciation in the long term by investing in mega-and large-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 invests in companies throughout the world, including the U.S.

However, the research process is driven by fundamental analysis of one stock at a time.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team prefers companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow, and sound or improving balance sheet.

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 will invest in at least five countries, one of which will be the U.S.

Also, the fund invests at least 30% of its net assets in securities outside the U.S., including emerging markets.

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 established companies throughout the world, including the U.S.

However, the research process is driven by fundamental analysis of one stock at a time.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team prefers companies with leading or improving market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow, and sound or improving balance sheet.

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 is diversified across industries in developed and, emerging markets.

Also, the fund invests in at least five countries, one of which is the U.S.

The fund invests at least 40% of its net assets in companies outside the U.S. (at least 30% if foreign market conditions are not favorable).

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap growth stocks.

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 highlight well-established companies exhibiting above-average earnings growth potential.

Next, the research team focuses on companies displaying characteristics such as strong cash flow, sustainable earnings momentum, a lucrative niche, and ability to expand even during economic slowdown.

The team may purchase a security if it believes 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 fund has the flexibility to invest its net assets in securities of foreign issuers.

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 stocks of companies located outside the U.S.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team selects stocks that have the most favorable combination of company fundamentals, earnings potential, and relative valuation.

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 with an awareness of the global economic backdrop and the outlook for certain industries, sectors, and individual countries.

However, country allocation is driven largely by stock selection.

Since the fund focuses on developed markets outside the U.S., it typically has significant exposure to companies in Europe.

The portfolio holds approximately 50 to 70 different stocks.

However, the fund will not invest more than 15% of its net assets in stocks of companies in emerging markets.

The fund is non-diversified meaning it may invest a greater portion of assets in a single company.

The fund has the flexibility to invest across all market capitalizations, but typically focuses on larger companies.

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 highlight well-established companies exhibiting above-average earnings growth potential.

Next, the research team narrows the investable universe to a list of companies with characteristics such as financial strength, market leadership, and experienced management teams.

In addition, the team looks for companies with strong free cash flow growth, good balance sheets, and high returns on capital.

The team may purchase a security if it believes 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 fund may broadly diversify sector exposure to minimize volatility, but may at times invest significantly in securities of technology companies.

The fund seeks capital appreciation in the long term by investing in mid-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 invests in companies with above-average earnings growth potential.

In selecting securities for the portfolio, the research team focuses on companies with proven products or services, and durable earnings growth potential.

The team also favors companies having connection to an industry experiencing increasing demand.

In addition, the team also focuses on companies that are lagging in market price relative to their growth prospects.

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.

Additionally, the fund may invest in foreign stocks.

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 invests in companies having capable management teams, attractive business niches, pricing flexibility, and sound financial and accounting practices.

The team also prefers companies that exhibit consistent revenues, earnings, and cash flow growth potential.

In addition, the team looks for the presence of a near-term catalyst such as increased investor attention, asset sales, superior business prospects, or a change in management to cause the stock’s price to rise.

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 holdings will be widely diversified by industry and issuer, and stock selection may reflect either a growth or value investment approach.

Additionally, the fund may invest in foreign stocks.
 

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 stocks of companies located outside the U.S.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team selects stocks that have the most favorable combination of company fundamentals, earnings potential, and relative valuation.

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 with an awareness of the global economic backdrop and the outlook for certain industries, sectors, and individual countries.

However, country allocation is driven largely by stock selection.

Since the fund focuses on developed markets outside the U.S., it typically has significant exposure to companies in Europe.

The portfolio holds approximately 50 to 70 different stocks.

However, the fund will not invest more than 15% of its net assets in stocks of companies in emerging markets.

The fund is non-diversified meaning it may invest a greater portion of assets in a single company.

The fund has the flexibility to invest across all market capitalizations, but typically focuses on larger companies.

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

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 focuses on stocks of rapidly-growing companies outside the U.S.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

Also, the team prefers companies with quality management, strength of franchise, reasonable valuation, and superior cash flows that are at an advantageous point in the company life cycle.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team favors companies with leading market positions, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow; and sound or improving balance sheet.

However, 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 manager invests with an awareness of the global economic backdrop and the outlook for certain industries, sectors, and individual countries.

However, country allocation is driven largely by stock selection.

The fund invests in a variety of industries in developed and emerging markets throughout the world.

The fund seeks capital appreciation in the long term 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.

Next, the research team utilizes a replication strategy, which involves investing substantially in the securities that make up the Index, in the same proportions as 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 attempts to track the performance of stocks in developed non-U.S. markets by seeking to match the performance of its benchmark index.

Also, the fund may purchase exchange-traded funds.

In addition, the fund lends its portfolio securities as a means of generating additional income.

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 stocks of established, non-U.S. companies.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team favors companies with leading market positions, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow; and sound or improving balance sheet.

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 with an awareness of the global economic backdrop and the outlook for certain industries, sectors, and individual countries.

However, country allocation is driven largely by stock selection.

Also, the fund seeks to diversify broadly among developed and emerging countries throughout the world.

The fund normally invests in at least five countries.

The fund has the flexibility to invest across all market capitalizations, but typically focuses on larger companies.
 

The fund seeks capital appreciation in the long term and current income by investing in large-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 invests a significant portion of its net assets in non-U.S. stocks.

In addition, the team prefers attractively valued companies with the potential for improving earnings over time.

The team favors companies that are estimated to trade below their fair values and lagging in market price for temporary reasons but having good prospects for capital appreciation or dividend growth.

In addition, the team looks for companies that have low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm.

Also, the team prefers companies having low valuation relative to its growth potential.

The team favors companies that may benefit from restructuring activity or other turnaround opportunities.

Other factors that the team focuses on are companies with a sound balance sheet and above-average dividend yield and/or the potential to grow dividends.

The research process is driven by fundamental analysis of one stock at a time. However, country allocation is driven largely by stock selection.

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.

Country and sector allocations are driven primarily by security selection and secondarily by an assessment of top-down, fundamental prospects.

The fund seeks to diversify among the world’s developed countries, but invests modestly in emerging markets.

However, the fund focuses on more mature developing countries.
 

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 stocks of companies located (or with primary operations) in Japan.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team favors companies with leading market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow; and sound or improving balance sheet.

However, 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 the most compelling businesses.

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 with an awareness of the outlook for industry sectors within the country.

The fund may invest across a wide range of Japanese industries and companies.

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 highlight well-established companies exhibiting above-average earnings growth potential.

Next, the research team focuses on companies displaying characteristics such as strong cash flow, sustainable earnings momentum, a lucrative niche, and ability to expand even during economic slowdown.

The team may purchase a security if it believes 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 fund has the flexibility to invest its net assets in securities of foreign issuers.

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

The investment process starts with companies in the benchmark index that have a track record of above-average earnings growth. The research team employs quantitative research to identify companies that have successfully overcome their “start-up” years and offer proven products and/or services.

Next, the team narrows the list to those companies that are estimated to durable earnings and sustainable business models.

The team also focuses on companies that exhibit accelerated earnings growth with experienced management teams.

The fund has the flexibility to invest in a stock that could benefit from an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management in the future.

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

The investment process focuses on companies that are trading at a discount to their intrinsic value.

The research team employs quantitative techniques to look for companies with attractive operating margins, strong balance sheets, and stock ownership by management. Next, the team analyzes a company’s financial statements and management structure.

The team favors companies with low stock price relative to earnings, cash flow, sales, net assets, book value, or private market value.

The fund has the flexibility to buy companies that do not meet its normal investment criteria if it believes that a management change, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development could add value to the company. 

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

The investment process starts with companies in the benchmark index that have a track record of above-average earnings growth. The research team employs quantitative research to identify companies that have successfully overcome their “start-up” years and offer proven products and/or services.

Next, the team narrows the list to those companies that are estimated to durable earnings and sustainable business models.

The team also focuses on companies that exhibit accelerated earnings growth with experienced management teams.

The fund has the flexibility to invest in a stock that could benefit from an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management in the future.

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

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 focuses on stocks of companies located (or with primary operations) in Asia (excluding Japan).

The fund normally invests in countries such as China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand.

Other Asian countries in which the fund invests include Pakistan, Sri Lanka, and Vietnam.

The team emphasizes companies exhibiting durable above-average earnings growth over the long term.

In addition, the team favors companies that are trading at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

Additionally, the team prefers companies with leading market position, attractive business niche, attractive or improving franchise or industry position, and proven management teams.

The team also seeks companies with consistent or improving earnings and/or cash flow; and sound or improving balance sheet.

However, the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team looks to identify the best investment opportunities and is not constrained by 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 manager invests with an awareness of the outlook for certain industry sectors and individual countries within the region.

However, country allocation is driven largely by stock selection.

The fund invests significantly in Asian countries and typically has substantial investments in China.

Also, the fund is non-diversified meaning it may invest a greater portion of assets in a single company.
 

The fund seeks capital appreciation in the long term 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 common stocks of small, emerging growth companies, preferably early in their corporate life cycle.

The team favors companies that exhibit accelerating earnings growth potential because of rejuvenated management, new products, or structural changes in the economy.

In selecting securities for the portfolio, the research team focuses on companies with proven management teams that employ sound financial and accounting policies.

Also, the team considers companies that demonstrate innovative research, product development, and marketing, as well as possess pricing flexibility.

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.

Additionally, the fund may invest in foreign stocks.

The fund seeks capital appreciation in the long term by investing in mega-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 stocks of non-U.S. companies

The team looks to invest in companies with a favorable combination of growth prospects and valuation.

In addition, the team favors companies with attractive business niche and prospects for earnings growth.

Also, the research team prefers companies that are trading at attractive valuation relative to its peers or its own historical norm.

Other factors in consideration to invest in a company is barriers to entry in its business, proven management team, balance sheet strength, and potential to grow dividends or conduct share repurchases.

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 diversify among developed markets and, to a lesser extent, emerging market countries throughout the world.

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.

Then 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 quantitative management strategy.

The team focuses on companies on the basis of returns on equity, capital expenditure, and projected growth rates.

In addition, the team also focuses on valuation multiples such as earnings, cash flows, and book value.

The team ranks stocks on the basis of their relative valuation, profitability, stability, earnings quality, management capital allocations actions, and indicators of near term appreciation 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 invests at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not favorable) in companies outside the U.S., including securities of emerging market issuers.

While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap companies.

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

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to identify investment opportunities.

The team uses quantitative models to evaluate a stock’s returns on equity, capital expenditure, and projected growth rates characteristics. Moreover, the research team using fundamental analysis evaluates a company’s valuation multiples on the basis of earnings, cash flow, and book value.

Next, the team ranks the stocks on the basis of relative valuation, profitability, stability, earnings quality, management capital allocation actions, and appreciation potential.

The fund may select stocks with either growth or value characteristics, but the portfolio is generally constructed by buying higher-ranked stocks. 

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.

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 quantitative management strategy relying on quantitative models.

Next, the stocks are ranked on the basis of valuation, profitability, stability, earnings quality, management capital allocation actions, and indicators of near term appreciation potential.

As part of the stock selection process, the team focuses on companies that have the potential to achieve above-average, long-term earnings growth.

In addition, the team also reviews a company’s historical and forecasted sales and earnings growth rates.

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 higher-ranked stocks based on the quantitative models.

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

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

Next, the research team employs a quantitative management strategy to identify potential investment opportunities.

Then the research process is driven by fundamental analysis of one stock at a time. The team ranks stocks on the basis of valuation, profitability, stability, capital allocation policy of management, and market indicators of near term appreciation potential.

In addition, the team also focuses on valuation multiples such as earnings, cash flows, and book value.

Then the manager constructs a diversified portfolio of higher ranked 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 20% of its net assets in securities of foreign issuers, including securities of emerging market issuers.

The fund has the flexibility to invest across all market capitalizations.

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 invests in companies having capable management teams, attractive business niches, pricing flexibility, and sound financial and accounting practices.

The team also prefers companies that exhibit consistent revenues, earnings, and cash flow growth potential.

In addition, the team looks for the presence of a near-term catalyst such as increased investor attention, asset sales, superior business prospects, or a change in management to cause the stock’s price to rise.

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 holdings will be widely diversified by industry and issuer, and stock selection may reflect either a growth or value investment approach.

Additionally, the fund may invest in foreign stocks.
 

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 invests in companies that are estimated to trade below their fair values relative to assets, earnings, cash flow, or business franchises.

The team also focuses on companies that are lagging in market price for temporary reasons but have good prospects for capital appreciation.

In addition, the team looks for companies that are inexpensive on the basis of earnings, book value, or cash flow, relative to the Index, or its peers.

The team also evaluates whether a company offers above-average dividend yield and a plan to improve the business through restructuring; and/or a sound balance sheet.

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 stocks.
 

The fund seeks primarily capital appreciation and growth of income in the long-term and secondarily current income 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.

The fund seeks to invest its net assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund may from time to time invest in a money market fund.

Then the research team relies on a broad exposure to several markets to lessen the impact of declining markets and benefit from good performance in particular market segments over 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 can invest in funds holding U.S. and international stocks, stocks of companies involved in activities related to commodities and other real assets, and across all stock styles and market capitalizations.

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.

The fund seeks to invest its net assets among a set of T. Rowe Price mutual funds representing specific market segments outside the U.S.

Next, the research team relies on a broad exposure to several markets to lessen the impact of declining markets and benefit from good performance in particular market segments 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 fund invests in a variety of developed and emerging market equity funds.

In addition, the fund’s overall allocation to international stock funds is represented by a diversified mix of funds that employ both growth and value investment approaches.

Also, the fund may from time to time invest in a money market fund.
 

The fund seeks to maximize after-tax growth of capital by investing in companies across any size in the United States.

The investment process employs a buy-and-hold strategy to focus on attractively valued companies that exhibit growth characteristics.

Next, the research team combines fundamental, bottom-up analysis and top-down quantitative strategies to identify investment opportunities.

The team prefers high-quality companies having the potential for capital growth in the long term.

Then the team narrows the investable universe to a list of companies with sustainable revenue, earnings, and cash flow growth, capable management team, attractive business niches, and a durable competitive advantage.

The research team also assesses a company on the basis of valuation multiples such as earnings, and looks for companies that have the ability to pay dividends.

Then the manager constructs a diversified 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 a portion of its net assets in the technology sector.

The fund seeks to match the performance of a benchmark index before fees and expenses 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.

The process does not attempt to fully replicate the index by owning each of the stocks in it.

Next, the research team relies on historical price movement, market capitalization, and transaction costs in selecting stocks for the fund.

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

The fund may also purchase stock index futures contracts and exchange-traded funds to reduce cash balances in the fund and increase the level of fund assets exposed to common stocks represented in the fund’s benchmark index.

In addition, the fund lends its portfolio securities to generate additional income.

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

The investment strategy attempts to create a portfolio with similar characteristics to the benchmark index with the potential to provide excess returns relative to the Index.

The research team uses fundamental research to consider factors such as the quality of a company’s management team and its business franchise, earnings growth potential and its market sector, and valuation.

The fund uses a disciplined portfolio construction process whereby it weights each sector and industry approximately the same proportion as in the Index. Within each sector and industry, the individual holdings weight can vary significantly from their weighting within the benchmark index. 

The enhanced index fund attempts to outperform the benchmark index by overweighting those stocks that are viewed favorably relative to their weighting in the Index, and underweighting or avoiding those stocks that are viewed negatively.

Generally, the portfolio is fully invested and seeks to be sector neutral when compared to the benchmark index.

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

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

The investment process uses fundamental, bottom-up research to identify growth and value stocks.

The research team looks for stocks that have the most favorable combination of company fundamentals, earnings potential and valuation.

The research process looks for companies with capable management teams, above-average earnings growth, cash flow growth, or profit margins, leading or improving market position or proprietary advantages, attractive business niche and valuation, low stock price relative to a company’s underlying asset values, and/or potential to conduct share repurchases.

The team seeks to place less emphasis on economic trends, business cycles, or the industry in which the company operates.

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

 Sector allocations are largely the result of the fund’s focus on bottom-up stock selection.

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 investment process starts with a list of companies in the benchmark and 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.

Then the research team evaluates companies on the basis of valuation multiples such as earnings, book value, sales and cash flow relative to its peers.

The team also considers factors such a company’s stock price relative to its underlying asset values, and companies that may benefit from restructuring activity and/or demonstrating balance sheet strength.

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

The fund may invest in a broad range of market capitalizations, but tends to focus on large capitalization companies.