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

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

Next, the research team focuses on foreign securities or depositary receipts of foreign equity securities.

In selecting securities for the portfolio, the research team focuses on companies that are trading at discounts to their estimated intrinsic value not yet recognized by investors.

As part of its fundamental research process, the team evaluates each potential investment based on factors, such as the company’s ability to effectively allocate capital, willingness to pay dividends and repurchase shares, ability to sustain a competitive advantage, and ability to grow its core business.

In addition, the team looks for companies that demonstrate one or more positive environmental, social and governance characteristics.

The team prefers high-quality, attractively valued companies that are making, or will make, a positive impact on the world.

Also, the team categorizes its investments as basic values, consistent earners, and emerging franchises.

The research team also considers domestic and international economic developments, outlooks for securities markets, interest rates and inflation, and the supply and demand for securities.

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 also invest in developing country companies.

The fund has the flexibility to invest in companies across any size, but invests primarily in the large and middle capitalization range of publicly traded companies.

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

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

Next, the research team focuses on securities of developing country issuers.

A developing country issuer is a company or sovereign entity that is domiciled or otherwise tied economically to one or more developing countries.

The team considers developing countries to include most Central and South American, African, Asian and Eastern European nations, including, but not limited to, Argentina, Austria, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hong Kong, Hungary, and India.

Other countries include Indonesia, Israel, South Korea, Malaysia, Mexico, Morocco, Nigeria, Pakistan, Peru, Philippines, Poland, Qatar, Romania, the Russian Federation, Slovenia, South Africa, Taiwan, Thailand, Turkey, Ukraine, the United Arab Emirates and Vietnam.

In selecting securities for the portfolio, the research team focuses on domestic and international economic developments, outlooks for securities markets, the supply and demand for equity securities, and analysis of specific issuers.

Also, the team categorizes its investments as basic value, consistent earner, and emerging franchise.

Basic Value are companies operating in mature industries exhibiting more economic sensitivity and/or higher volatility in earnings and cash flow.

Consistent Earner are companies exhibiting predictable growth, profitability, cash flow and/or dividends.

Emerging Franchise are companies with the potential to grow at an above average rate because of a product or service that is establishing a new market and/or taking share from existing participants.

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

The portfolio is diversified to include basic value stocks, companies with consistent earnings, and emerging franchises.

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 equity securities, as well as publicly traded real estate investment trusts.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on domestic and international economic developments, outlooks for securities markets, interest rates and inflation, the supply and demand for securities, and analysis of specific issuers.

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 both domestic securities and securities of issuers domiciled in or economically tied to countries outside the United States, including developing countries.

The fund seeks primarily capital appreciation in the long term and secondarily current income by investing in companies across any size outside the United States.

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

Next, the research team focuses on stocks of non-U.S. companies and depositary receipts associated with such stocks.

In selecting securities for the portfolio, the research team focuses on companies that are trading at discounts to their estimated intrinsic value not yet recognized by investors.

In addition, the team evaluates companies on the basis of its earnings and industry growth potential, franchise value, industry leadership, consistency of revenues, and potential for favorable developments.

Other factors in consideration include valuation multiples such as earnings, book value, and cash flow, as well as profitability, enterprise value to EBITDA, and dividend characteristics.

Also, the team categorizes its investments as basic values, consistent earner, and emerging franchise.

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 developing countries.

The fund has the flexibility to invest in companies across any size, but invests primarily in the large and middle capitalization range of publicly traded companies.

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

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

Next, the research team focuses on securities from issuers around the world exhibiting growth potential.

In addition, the team evaluates companies on the basis of its earnings and industry growth potential, business model, industry leadership, asset appreciation potential, and potential size of business.

Other factors in consideration include valuation multiples such as earnings, revenue, and cash flow, as well as growth rate and enterprise value to EBITDA, and management strength.

Also, the team categorizes its investments as growth industry leaders, consistent growers, and emerging growth companies.

The research team also considers domestic and international economic developments, outlooks for securities markets, interest rates and inflation, and the supply and demand for securities.

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 seeks to invest in certain industries or economic sectors, such as technology, financial services, healthcare or biotechnology.

The fund invests a significant portion of its net assets in foreign securities or depositary receipts of foreign securities.

Also, the fund may invest in developing countries.

The fund has the flexibility to invest in well-established companies, as well as emerging growth companies.
 

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

The investment process is driven by fundamental research to identify companies demonstrating consistent revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as basic value, consistent earner, and emerging franchise.

Basic Value companies operate in mature or cyclical industries and exhibit more economic sensitivity and/or higher volatility in earnings and cash flow.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and steady cash flow.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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 in companies of any size, but focuses on mid-and small-size 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 is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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 has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.