The fund seeks to invest in emerging markets based on Islamic principles and environmental, social and governance standards.

The investment process eliminates companies engaged in weapons manufacturing, tobacco, alcohol, gambling and fossil fuel extraction. Then with the additional criteria of Islamic principles, the list is narrowed.

Portfolio is diversified across 30 emerging markets in large cap companies with strong balance sheets, earnings track record and management strength. The fund prefers to hold investments for long term and avoid companies that pay interest.

The fund seeks to invest in emerging markets based on Islamic principles and environmental, social and governance standards.

The investment process eliminates companies engaged in weapons manufacturing, tobacco, alcohol, gambling and fossil fuel extraction. Then with the additional criteria of Islamic principles, the list is narrowed.

Portfolio is diversified across 30 emerging markets in large cap companies with strong balance sheets, earnings track record and management strength. The fund prefers to hold investments for long term and avoid companies that pay interest.

The fund seeks capital appreciation in the long term by investing in companies economically tied to emerging market countries.

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 investment team considers a company to be economically tied to an emerging market country if it is listed on the trading market, or is headquartered, or is domiciled in an emerging market country, or derives 50% or more of its revenue from, or has 50% or more of its assets in, an emerging market country.

Next, the research team focuses on high-quality companies that are trading at attractive valuations.

As part of its fundamental analysis, the team considers valuation multiples such as earnings or EBITDA, dividend yield, dividend growth, return on invested capital, and return on equity.

The research team also utilizes a combination of qualitative and fundamental research to select potential investment opportunities.

The team evaluates the efficacy of company management’s historical capital allocation, dividend, and share repurchase policies.

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 manager looks to diversify across industries and countries.

Also, the fund may invest in American Depositary Receipts and Global Depositary Receipts, U.S. dollar-denominated foreign stocks traded on U.S. exchanges, and real estate investment trusts.

The fund may, at times, invest significantly in shares of Chinese companies listed on mainland China and Hong Kong exchanges as well as in ADRs.

Additionally, the fund may have exposure to foreign currencies by making direct investments in non-U.S. currencies, engaging in foreign currency transactions on a spot (cash) basis, or investing in securities denominated in non-U.S. currencies.

The fund may also invest cash balances in other investment companies, including money market funds, and exchange-traded funds.

The fund may lend its securities to broker-dealers and other institutions to earn additional income.
 

The fund seeks capital appreciation in the long term by investing in companies economically tied to emerging market countries.

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 investment team considers a company to be economically tied to an emerging market country if it is listed on the trading market, or is headquartered, or is domiciled in an emerging market country, or derives 50% or more of its revenue from, or has 50% or more of its assets in, an emerging market country.

Next, the research team focuses on high-quality companies that are trading at attractive valuations.

As part of its fundamental analysis, the team considers valuation multiples such as earnings or EBITDA, dividend yield, dividend growth, return on invested capital, and return on equity.

The research team also utilizes a combination of qualitative and fundamental research to select potential investment opportunities.

The team evaluates the efficacy of company management’s historical capital allocation, dividend, and share repurchase policies.

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 manager looks to diversify across industries and countries.

Also, the fund may invest in American Depositary Receipts and Global Depositary Receipts, U.S. dollar-denominated foreign stocks traded on U.S. exchanges, and real estate investment trusts.

The fund may, at times, invest significantly in shares of Chinese companies listed on mainland China and Hong Kong exchanges as well as in ADRs.

Additionally, the fund may have exposure to foreign currencies by making direct investments in non-U.S. currencies, engaging in foreign currency transactions on a spot (cash) basis, or investing in securities denominated in non-U.S. currencies.

The fund may also invest cash balances in other investment companies, including money market funds, and exchange-traded funds.

The fund may lend its securities to broker-dealers and other institutions to earn additional income.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in small-size companies that are located in emerging market countries.

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 investment team considers an emerging market country to be any country other than a developed country. However, the strategy focuses in the subset of emerging markets countries that comprise the benchmark index.

Next, the research team reviews where the company is headquartered, where the company’s principal operations are located, where the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized.

In addition, the team considers companies that are going to increase in value over time. The research process is driven by fundamental analysis of one stock at a time.

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

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 manager looks for companies whose earnings, revenues or key business fundamentals are growing at an accelerating rate.

Also, a portion of the fund’s net assets may be invested in frontier markets.
 

The fund seeks capital appreciation in the long term by investing in companies across any size in Latin American securities.

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 investment team considers a security to be Latin American, when at least 50% of the issuer’s non-current assets, capitalization, gross revenues or profits in any one of the two most recent fiscal years represents assets or activities located in such countries.

Next, the research team combines top down and bottom up analysis to identify potential investment opportunities.

As part of the top down analysis, the team reviews economic factors such as government fiscal policies and the direction of interest rates and currency movements. 

In the bottom up analysis, the team assesses the earnings prospects of individual companies.

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 has the flexibility to invest in securities denominated in the currencies of Latin American countries or in other currencies.

Also, the fund may invest in shares of companies through initial public offerings.

The fund is non-diversified, which means that it can invest more of its assets in fewer issuers than a diversified fund.

The fund seeks capital appreciation in the long term by investing in companies across any size in Latin American securities.

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 investment team considers a security to be Latin American, when at least 50% of the issuer’s non-current assets, capitalization, gross revenues or profits in any one of the two most recent fiscal years represents assets or activities located in such countries.

Next, the research team combines top down and bottom up analysis to identify potential investment opportunities.

As part of the top down analysis, the team reviews economic factors such as government fiscal policies and the direction of interest rates and currency movements. 

In the bottom up analysis, the team assesses the earnings prospects of individual companies.

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 has the flexibility to invest in securities denominated in the currencies of Latin American countries or in other currencies.

Also, the fund may invest in shares of companies through initial public offerings.

The fund is non-diversified, which means that it can invest more of its assets in fewer issuers than a diversified fund.

The fund seeks capital appreciation in the long term by investing in companies across any size in Latin American securities.

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 investment team considers a security to be Latin American, when at least 50% of the issuer’s non-current assets, capitalization, gross revenues or profits in any one of the two most recent fiscal years represents assets or activities located in such countries.

Next, the research team combines top down and bottom up analysis to identify potential investment opportunities.

As part of the top down analysis, the team reviews economic factors such as government fiscal policies and the direction of interest rates and currency movements. 

In the bottom up analysis, the team assesses the earnings prospects of individual companies.

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 has the flexibility to invest in securities denominated in the currencies of Latin American countries or in other currencies.

Also, the fund may invest in shares of companies through initial public offerings.

The fund is non-diversified, which means that it can invest more of its assets in fewer issuers than a diversified fund.

The fund seeks capital appreciation in the long term by investing in companies across any size in Latin American securities.

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 investment team considers a security to be Latin American, when at least 50% of the issuer’s non-current assets, capitalization, gross revenues or profits in any one of the two most recent fiscal years represents assets or activities located in such countries.

Next, the research team combines top down and bottom up analysis to identify potential investment opportunities.

As part of the top down analysis, the team reviews economic factors such as government fiscal policies and the direction of interest rates and currency movements. 

In the bottom up analysis, the team assesses the earnings prospects of individual companies.

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 has the flexibility to invest in securities denominated in the currencies of Latin American countries or in other currencies.

Also, the fund may invest in shares of companies through initial public offerings.

The fund is non-diversified, which means that it can invest more of its assets in fewer issuers than a diversified fund.

The fund seeks long-term appreciation by investing in companies in Latin America.

The fund considers for the investment purpose companies operating in Mexico, Central and South America, and the Spanish-speaking islands of the Caribbean. The fund primarily invests in established companies of Mexico, Brazil, Chile, Argentina, Peru, Colombia and Panama.

The investment process uses financial screens, fundamental techniques and qualitative research in identifying companies with above-average earnings and sustainable business models in the long run.

The fund favors companies with financial strength, above-average earnings growth and successful management track record of reinvesting capital.

The fund seeks long-term appreciation by investing in companies in Latin America.

The fund considers for the investment purpose companies operating in Mexico, Central and South America, and the Spanish-speaking islands of the Caribbean. The fund primarily invests in established companies of Mexico, Brazil, Chile, Argentina, Peru, Colombia and Panama.

The investment process uses financial screens, fundamental techniques and qualitative research in identifying companies with above-average earnings and sustainable business models in the long run.

The fund favors companies with financial strength, above-average earnings growth and successful management track record of reinvesting capital.

The fund seeks long-term appreciation by investing in companies in Latin America.

The fund considers for the investment purpose companies operating in Mexico, Central and South America, and the Spanish-speaking islands of the Caribbean. The fund primarily invests in established companies of Mexico, Brazil, Chile, Argentina, Peru, Colombia and Panama.

The investment process uses financial screens, fundamental techniques and qualitative research in identifying companies with above-average earnings and sustainable business models in the long run.

The fund favors companies with financial strength, above-average earnings growth and successful management track record of reinvesting capital.

The fund seeks long-term appreciation by investing in companies in Latin America.

The fund considers for the investment purpose companies operating in Mexico, Central and South America, and the Spanish-speaking islands of the Caribbean. The fund primarily invests in established companies of Mexico, Brazil, Chile, Argentina, Peru, Colombia and Panama.

The investment process uses financial screens, fundamental techniques and qualitative research in identifying companies with above-average earnings and sustainable business models in the long run.

The fund favors companies with financial strength, above-average earnings growth and successful management track record of reinvesting capital.

The fund seeks capital appreciation in the long term by investing in small-and mid-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 focuses on securities of companies in both the United States and foreign markets (including emerging markets).

In addition, the team assesses companies on the basis of factors such as balance sheet quality, franchise value, and quality of management.

The team also reviews companies’ financial statements, meets with management; considers the general economic environment in which the company operates, and structural growth potential of the relevant industry segment.

Also, the team evaluates the growth prospects of a company by estimating its future operating cash flow less capital expenditures.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies with proven management teams, as well as those contributing to positive societal impact aligned to the United Nations Sustainable Development Goals.

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 securities of other investment companies, real estate investment trusts, and money market funds.

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

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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 evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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 evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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 evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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 evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Latin American issuers and other investments that are tied economically to Latin America.

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 strategy looks to invest in the stocks of companies located, or with primary operations, in Latin America.

Next, the research team focuses on companies with attractive risk/reward characteristics, superior business models, proven management teams, healthy balance sheets, high free-cash-flow yields and sustainably high returns on equity.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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 allocates investments across different Latin American countries.

In addition, the manager seeks to invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Latin American market.
 

The fund seeks capital appreciation in the long term by investing in small-and micro-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 companies that are domiciled outside the United States.

Also, the fund may invest a significant amount of its net assets in securities issued by companies domiciled in emerging and frontier market countries.

Domicile is determined by where the company is organized, headquartered, or has substantial concentration of assets or revenues.

The team then assesses the financial strength of each company.

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 best-in-class growth companies relative to their peers.

Additionally, the fundamental analysis includes evaluating the company, its industry, and its competitors, as well as visiting companies and talking with senior management.

The team also focuses on companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

In addition, the team categorizes companies as best-in-class growth, fallen angels, and stalwarts.

According to the team, best-in-class growth refers to high-quality companies with stable growth and having lots of undiscovered opportunities.

In fallen angels, the team looks for growth companies whose future earnings power is not reflected in their current valuations.

As far as stalwarts are concerned, the team focuses on companies trading at reasonable valuations which have good growth prospects.

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

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

The fund will typically invest in securities issued by companies domiciled in at least three countries, including the United States.

Also, the fund may invest a significant percentage of its assets in a few sectors or regions.

At times, the fund may invest in early stage companies and initial public offerings.

The fund seeks capital appreciation in the long term by investing in small-and micro-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 companies that are domiciled outside the United States.

Also, the fund may invest a significant amount of its net assets in securities issued by companies domiciled in emerging and frontier market countries.

Domicile is determined by where the company is organized, headquartered, or has substantial concentration of assets or revenues.

The team then assesses the financial strength of each company.

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 best-in-class growth companies relative to their peers.

Additionally, the fundamental analysis includes evaluating the company, its industry, and its competitors, as well as visiting companies and talking with senior management.

The team also focuses on companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

In addition, the team categorizes companies as best-in-class growth, fallen angels, and stalwarts.

According to the team, best-in-class growth refers to high-quality companies with stable growth and having lots of undiscovered opportunities.

In fallen angels, the team looks for growth companies whose future earnings power is not reflected in their current valuations.

As far as stalwarts are concerned, the team focuses on companies trading at reasonable valuations which have good growth prospects.

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

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

The fund will typically invest in securities issued by companies domiciled in at least three countries, including the United States.

Also, the fund may invest a significant percentage of its assets in a few sectors or regions.

At times, the fund may invest in early stage companies and initial public offerings.

The fund seeks capital appreciation in the long term by investing in small-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 companies that are estimated to trade below their fair values and experiencing special situations that have the potential for rewarding long-term investment results.

In selecting securities for the portfolio, the research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

The team also reviews a company’s balance sheets, corporate revenues, earnings and dividends.

Furthermore, the team looks at the amount of capital a company spends on research and development.

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 fund may also invest indirectly in bitcoins exclusively through a Delaware statutory trust, Grayscale Bitcoin Trust.

The fund may also invest in exchange-traded funds, and may invest up to 20% of its net assets in convertible and non-convertible debt securities rated below investment grade.

The fund may maintain a significant portion of its net assets in cash and securities during a temporary period of abnormal conditions.

Additionally, the fund may participate in securities lending arrangements with brokers, dealers, and financial institutions in order to increase the return on its portfolio.

The fund seeks capital appreciation in the long term by investing in small-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 companies that are estimated to trade below their fair values and experiencing special situations that have the potential for rewarding long-term investment results.

In selecting securities for the portfolio, the research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

The team also reviews a company’s balance sheets, corporate revenues, earnings and dividends.

Furthermore, the team looks at the amount of capital a company spends on research and development.

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 fund may also invest indirectly in bitcoins exclusively through a Delaware statutory trust, Grayscale Bitcoin Trust.

The fund may also invest in exchange-traded funds, and may invest up to 20% of its net assets in convertible and non-convertible debt securities rated below investment grade.

The fund may maintain a significant portion of its net assets in cash and securities during a temporary period of abnormal conditions.

Additionally, the fund may participate in securities lending arrangements with brokers, dealers, and financial institutions in order to increase the return on its portfolio.

The fund seeks capital appreciation in the long term by investing in small-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 companies that are estimated to trade below their fair values and experiencing special situations that have the potential for rewarding long-term investment results.

In selecting securities for the portfolio, the research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

The team also reviews a company’s balance sheets, corporate revenues, earnings and dividends.

Furthermore, the team looks at the amount of capital a company spends on research and development.

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 fund may also invest indirectly in bitcoins exclusively through a Delaware statutory trust, Grayscale Bitcoin Trust.

The fund may also invest in exchange-traded funds, and may invest up to 20% of its net assets in convertible and non-convertible debt securities rated below investment grade.

The fund may maintain a significant portion of its net assets in cash and securities during a temporary period of abnormal conditions.

Additionally, the fund may participate in securities lending arrangements with brokers, dealers, and financial institutions in order to increase the return on its portfolio.

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 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.