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

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

Then the research team employs stratified sampling techniques, holding stocks representing at least 90% of the total market value of the Index, in an attempt to mimic the capitalization and sector weightings of the Index.

Stratified sampling is a technique that utilizes sector weighting and portfolio characteristics profiling to keep the Index Fund within acceptable parameter ranges relative to the benchmark.

Then the manager constructs a diversified portfolio of stocks and seeks to minimize variance relative to the Index.

However, it is not possible to directly invest in an index.

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 five sub-advisers namely WCM Investment Management, Los Angeles Capital Management and Equity Research, Inc., Pzena Investment Management, LLC, Lazard Asset Management LLC, and Voya Investment Management Co LLC.

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.

The sub-advisers may employ different strategies and manage a portion of the fund’s portfolio.

WCM focuses on companies with attractive fundamentals, such as long-term revenue and earnings growth, with superior future growth prospects.

Los Angeles Capital utilizes its proprietary model to identify businesses that generate returns above the benchmark index.

Pzena focuses on companies that are underperforming their historically demonstrated earnings power.

Lazard selects securities ranked according to four independent proprietary measures such as growth, value, sentiment and quality.

Voya believes that a disciplined investment process with macro-theme analysis will lead to value opportunities not yet recognized by the market.

Next, the research team focuses on securities of companies organized outside of the United States.

The team prefers established companies that demonstrate favorable characteristics and are listed on foreign exchanges.

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 companies among at least three different countries.

Also, the fund invests in emerging market securities, including exchange-traded funds.

The fund may also invest in securities of companies that are organized in the United States, but primarily operate outside of the United States or derive a significant portion of its revenues outside of the United States.

Additionally, the fund may also invest in fixed-income securities of foreign governments and companies and in currency forward agreements and spot transactions to facilitate settlement of multicurrency investments.

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

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk and the fund is currently managed by four sub- advisors.

The sub-advisors are Loomis, Sayles & Company, L.P., Los Angeles Capital Management and Equity Research, Inc., Fred Alger Management, LLC, and Voya Investment Management Co LLC.

The sub-advisors’ investment process is designed to highlight companies exhibiting above-average earnings and sales growth potential.

Loomis Sayles prefers companies with sustainable competitive advantages and profitable growth when they trade at a significant discount to their estimated intrinsic value.

Los Angeles Capital uses its proprietary model to identify businesses that generate returns above the benchmark index.

Alger Management uses fundamental analysis to uncover companies experiencing high unit volume growth and positive changes in product cycle and market dynamics. The fund looks for companies benefitting from new regulations, a new product innovation or new management.

Voya believes that a disciplined investment process with macro-theme analysis will lead to value opportunities not yet recognized by the market.

The fund has the flexibility to invest its net assets in one or more economic sectors.

The fund seeks investment results that correspond to the investment performance of the Wilshire 5000 Index before fees and expenses by investing in mega-and large-size companies in the United States.

The fund manages assets with the help of four sub-advisers namely Barrow, Hanley, Mewhinney & Strauss, LLC, Los Angeles Capital Management and Equity Research, Inc., Pzena Investment Management, LLC, and Voya Investment Management Co LLC.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk. The multiple sub-advisers employ different strategies to identify investment opportunities from the list of companies in the benchmark index.

Barrow, Hanley employs a bottom-up, fundamentally driven investment process that emphasizes total return produced from a combination of cash dividends, growth of dividends and capital appreciation.

The sub-adviser looks to generate current income in declining markets and to produce attractive capital appreciation in robust market environments.

Los Angeles Capital uses its proprietary model to identify businesses that generate returns above the benchmark index.

Pzena employs an investment process to highlight companies that are underperforming their historically demonstrated earnings power.

The sub-adviser employs intensive fundamental research to such companies to determine whether the problems that caused the earnings shortfalls are temporary or permanent.

Then the sub-adviser invests in companies where the management has a viable strategy to generate earnings recovery and meaningful downside protection in case the earnings recovery does not materialize.

Voya believes that a disciplined investment process with macro-theme analysis will lead to value opportunities not yet recognized by the market.

The sub-adviser’s investment process includes a balanced emphasis on quantitative and qualitative inputs that foster strong checks and balances and validation for its investment themes.

The fund generally invests in companies with valuation multiples such as relatively low book value and earnings, and higher-than-average dividend yields.

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

The fund manages assets with the help of two sub-advisers namely Los Angeles Capital Management and Equity Research, Inc. and Ranger Investment Management, LP.

The sub-advisers employ different strategies with respect to separate portions of the Portfolio.

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

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 securities of companies that historically have above average earnings or above average sales growth and retention of earnings.

Los Angeles Capital focuses on a company’s range of valuation, earnings and management characteristics to identify current drivers of return.

Ranger focuses on identifying companies characterized by accelerating revenue and earnings growth, high recurring revenues, balance sheet strength and free cash flow generation.

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 capital appreciation by investing in small-size companies in the United States.

The fund manages assets with the help of three sub-advisers namely Diamond Hill Capital Management, Inc., Hotchkis & Wiley Capital Management, LLC, and Los Angeles Capital Management and Equity Research, Inc.

The sub-advisers employ different strategies with respect to separate portions of the Portfolio.

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

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 that are inexpensive on the basis of book value and earnings, with relatively high dividend yields.

Diamond Hill focuses on a company’s earnings, revenue growth, and operating margins.

Los Angeles Capital focuses on a company’s range of valuation, earnings and management characteristics to identify current drivers of return.

Hotchkis & Wiley seeks to invest in stocks whose future prospects are misunderstood or not fully recognized by the market.

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.