The fund seeks to maximize 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 securities of domestic and foreign issuers that are listed on a U.S. exchange or that are otherwise publicly traded in the United States.

However, the team may invest up to 20% of the fund’s net assets in American Depository Receipts and Global Depository Receipts.

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 that have high quality businesses and are estimated to trade below their fair values.

Additionally, the team favors companies having attributes such as attractive business fundamentals, experienced management teams, pricing power, and durable competitive advantages.

Other attributes that the team prefers in companies are financial strength, and/or high or consistently improving market position, return on invested capital and operating margins.

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 approximately between 35 and 45 securities.

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 U.S. and non-U.S. companies.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country, or that have a majority of their assets, or that derive a significant portion of their revenue or profits from businesses, investments or sales, outside of the United States.

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 that are estimated to trade below their fair values.

The team favors companies that are trading at attractive valuations with the presence of near-term catalysts for change.

In addition, the team relies on valuation multiples such as book value, sales and earnings ratios, dividend yields, management capability, and cash flow.

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 will allocate the fund’s net assets among various regions and countries, including the United States (but in no less than three different countries).

The fund invests significantly in non-U.S. companies.

Additionally, the fund invests in issuers located in countries with developed securities markets, but may also invest in issuers located in emerging markets.

The fund may invest in derivatives, including put and call options, futures, forward contracts and swaps, in lieu of investing directly in a security, currency or instrument, for hedging and non-hedging purposes.

Also, the fund may invest up to 15% of its net assets in illiquid securities.

The fund may participate in initial public offerings of securities, as well as increase its income by lending portfolio securities.

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 of domestic companies and American Depositary Receipts of foreign companies.

The team also focuses on companies that are estimated to trade below their fair values or demonstrating growth potential that is not reflected in their current valuations.

In addition, the team emphasizes companies that have a superior competitive position relative to their peers.

In selecting securities for the portfolio, the research team relies on a proprietary index.

As part of the process, the team evaluates companies on the basis of factors such as cash flow, and valuation multiples such as earnings and book value.

The team also reviews a company's financial statements and meets with various levels of a company's management as well as customers and (as relevant) competition.

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 a core position of between 15 and 30 stocks.

From time to time the fund may invest a significant portion of its assets in a limited number of industry sectors, but will not concentrate in any particular industry

The fund may also invest in exchange traded funds.
 
Additionally, the fund is a non-diversified fund, which means it can invest in fewer securities at any one time than a diversified fund.

Also, the fund may hold for extended periods of time all or a portion of its assets in cash or cash-equivalents like money market funds, certificates of deposit, short-term debt obligations, and repurchase agreements.

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 of domestic companies and American Depositary Receipts of foreign companies.

The team also focuses on companies that are estimated to trade below their fair values or demonstrating growth potential that is not reflected in their current valuations.

In addition, the team emphasizes companies that have a superior competitive position relative to their peers.

In selecting securities for the portfolio, the research team relies on a proprietary index.

As part of the process, the team evaluates companies on the basis of factors such as cash flow, and valuation multiples such as earnings and book value.

The team also reviews a company's financial statements and meets with various levels of a company's management as well as customers and (as relevant) competition.

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 a core position of between 15 and 30 stocks.

From time to time the fund may invest a significant portion of its assets in a limited number of industry sectors, but will not concentrate in any particular industry

The fund may also invest in exchange traded funds.
 
Additionally, the fund is a non-diversified fund, which means it can invest in fewer securities at any one time than a diversified fund.

Also, the fund may hold for extended periods of time all or a portion of its assets in cash or cash-equivalents like money market funds, certificates of deposit, short-term debt obligations, and repurchase agreements.

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 U.S. and foreign issuers, including American Depositary Receipts.

In addition, the team prefers attractively valued companies that represent above-average, long-term 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 focuses on companies that are lagging in market price for temporary reasons and are trading at attractive valuations relative to the company’s net assets and earnings power.

The team focuses on companies with the presence of near-term catalysts 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 allocation of the fund’s net assets between domestic and foreign issuers will vary according to market conditions.

However, at least 40% of the fund’s net assets will be in securities of issuers domiciled in at least three countries outside of the United States.

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 U.S. and foreign issuers, including American Depositary Receipts.

In addition, the team prefers attractively valued companies that represent above-average, long-term 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 focuses on companies that are lagging in market price for temporary reasons and are trading at attractive valuations relative to the company’s net assets and earnings power.

The team focuses on companies with the presence of near-term catalysts 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 allocation of the fund’s net assets between domestic and foreign issuers will vary according to market conditions.

However, at least 40% of the fund’s net assets will be in securities of issuers domiciled in at least three countries outside of the United States.

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 U.S. and foreign issuers, including American Depositary Receipts.

In addition, the team prefers attractively valued companies that represent above-average, long-term 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 focuses on companies that are lagging in market price for temporary reasons and are trading at attractive valuations relative to the company’s net assets and earnings power.

The team focuses on companies with the presence of near-term catalysts 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 allocation of the fund’s net assets between domestic and foreign issuers will vary according to market conditions.

However, at least 40% of the fund’s net assets will be in securities of issuers domiciled in at least three countries outside of the United States.

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

The fund seeks capital appreciation and income 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 invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges or that have securities that trade in the form of depositary receipts, companies that have been formed under the laws of non-U.S. countries, including those of emerging markets, or foreign currencies. 

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue or profits from business outside the U.S. or has at least 50% of its sales or assets outside the U.S.

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 from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.

Also, from time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.

The fund may invest in derivatives, such as forward contracts for both hedging and non-hedging purposes.
 

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 U.S. and non-U.S. securities from any country, including emerging market countries.

The team prefers companies that are estimated to trade below their fair values.

In addition, the fund will invest between 40% and 70% of its net assets in securities issued by companies that are headquartered or have their principal place of business outside the U.S., or whose primary trading markets are outside the U.S. or that have at least 50% of their assets in, or expect to derive at least 50% of their total revenues or profits from, goods or services produced in or sales made in countries outside the U.S.

However, if market conditions are not deemed favorable, the fund may limit its investments outside the U.S. to 30% of its net assets.

The research process is driven by fundamental analysis of one stock at a time. The research team then analyzes a company’s earnings, revenue growth, operating margins and other economic factors.

Next, the team also considers the level of industry competition, regulatory factors, and the threat of technological obsolescence of companies.

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 process focuses on estimating a company’s value independent of its current stock price.

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 U.S. and non-U.S. securities from any country, including emerging market countries.

The team prefers companies that are estimated to trade below their fair values.

In addition, the fund will invest between 40% and 70% of its net assets in securities issued by companies that are headquartered or have their principal place of business outside the U.S., or whose primary trading markets are outside the U.S. or that have at least 50% of their assets in, or expect to derive at least 50% of their total revenues or profits from, goods or services produced in or sales made in countries outside the U.S.

However, if market conditions are not deemed favorable, the fund may limit its investments outside the U.S. to 30% of its net assets.

The research process is driven by fundamental analysis of one stock at a time. The research team then analyzes a company’s earnings, revenue growth, operating margins and other economic factors.

Next, the team also considers the level of industry competition, regulatory factors, and the threat of technological obsolescence of companies.

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 process focuses on estimating a company’s value independent of its current stock price.

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 U.S. and non-U.S. securities from any country, including emerging market countries.

The team prefers companies that are estimated to trade below their fair values.

In addition, the fund will invest between 40% and 70% of its net assets in securities issued by companies that are headquartered or have their principal place of business outside the U.S., or whose primary trading markets are outside the U.S. or that have at least 50% of their assets in, or expect to derive at least 50% of their total revenues or profits from, goods or services produced in or sales made in countries outside the U.S.

However, if market conditions are not deemed favorable, the fund may limit its investments outside the U.S. to 30% of its net assets.

The research process is driven by fundamental analysis of one stock at a time. The research team then analyzes a company’s earnings, revenue growth, operating margins and other economic factors.

Next, the team also considers the level of industry competition, regulatory factors, and the threat of technological obsolescence of companies.

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 process focuses on estimating a company’s value independent of its current stock price.

The fund seeks capital appreciation 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 securities of companies that are estimated to trade below their fair values relative to factors such as assets, sales, earnings, growth potential, or cash flow, or relative to peers.

The team favors companies demonstrating above-average growth potential.

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 invests in domestic and foreign issuers.
 

The fund seeks primarily capital appreciation and secondarily 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 Invests in securities of U.S. and foreign companies.

The team focuses on companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks primarily capital appreciation and secondarily 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 Invests in securities of U.S. and foreign companies.

The team focuses on companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks primarily capital appreciation and secondarily 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 Invests in securities of U.S. and foreign companies.

The team focuses on companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks primarily capital appreciation and secondarily 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 Invests in securities of U.S. and foreign companies.

The team focuses on companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks capital appreciation 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 U.S. and foreign companies.

The team favors companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks capital appreciation 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 U.S. and foreign companies.

The team favors companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks capital appreciation 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 U.S. and foreign companies.

The team favors companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks capital appreciation 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 U.S. and foreign companies.

The team favors companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

The fund seeks capital appreciation 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 U.S. and foreign companies.

The team favors companies that are trading at discounts to their estimated intrinsic 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.

While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.

However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.

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

The fund invests at least 40% of its total assets outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team narrows the investable universe with the help of quantitative research and fundamental analysis.

The team looks for companies that are trading at discounts to their peers and long term outlooks and are also out of favor with investors but have financial capacity and management depth to improve their performance over time.

The team reviews trends in business fundamentals and relative values to peers in determining portfolio inclusion.

The fund favors to invest in 50 to 70 companies that are financially strong and are deemed to be temporarily out of favor with investors or are mispriced or misunderstood.

The fund seeks capital appreciation by investing in companies around the world including the U.S.

The fund attempts to build a portfolio of companies that are likely to outperform market in the long term and also exhibit return profiles that expected to fluctuate less than the broader equity market.

The deep value focused investment process is designed to highlight companies in the benchmark index or larger than $1 billion in market capitalization that are trading at discounts to their peers and history.

The research team with the help of quantitative research and fundamental analysis identifies companies with a proven track record of earnings and are mispriced or out of favor with investors.

Next, the team with the help of qualitative research estimates long term growth outlook for these companies and identifies near-term appreciation potential.

The investment team uses a quantitative model and favors highly ranked companies on fundamental measures and expected return in near-term and with less volatile return profiles than the broader index.

The fund generally invests at least 40% of its total assets in non-U.S. companies in both developed and emerging market countries.

The fund seeks capital appreciation by investing in companies around the world including the U.S.

The fund attempts to build a portfolio of companies that are likely to outperform market in the long term and also exhibit return profiles that expected to fluctuate less than the broader equity market.

The deep value focused investment process is designed to highlight companies in the benchmark index or larger than $1 billion in market capitalization that are trading at discounts to their peers and history.

The research team with the help of quantitative research and fundamental analysis identifies companies with a proven track record of earnings and are mispriced or out of favor with investors.

Next, the team with the help of qualitative research estimates long term growth outlook for these companies and identifies near-term appreciation potential.

The investment team uses a quantitative model and favors highly ranked companies on fundamental measures and expected return in near-term and with less volatile return profiles than the broader index.

The fund generally invests at least 40% of its total assets in non-U.S. companies in both developed and emerging market countries.

The fund seeks capital appreciation by investing in companies around the world including the U.S.

The deep value focused investment process is designed to highlight companies in the benchmark index or larger than $1 billion in market capitalization that are trading at discounts to their peers and history.

The research team with the help of quantitative research and fundamental analysis identifies companies with a proven track record of earnings and are mispriced or out of favor with investors.

Next, the team with the help of qualitative research estimates long term growth outlook for these companies and identifies near-term appreciation potential.

The investment team uses a quantitative model and favors highly ranked companies on fundamental measures and expected return in near-term.

The fund generally invests at least 40% of its total assets in non-U.S. companies in both developed and emerging market countries.

The fund seeks capital appreciation by investing in companies around the world including the U.S.

The deep value focused investment process is designed to highlight companies in the benchmark index or larger than $1 billion in market capitalization that are trading at discounts to their peers and history.

The research team with the help of quantitative research and fundamental analysis identifies companies with a proven track record of earnings and are mispriced or out of favor with investors.

Next, the team with the help of qualitative research estimates long term growth outlook for these companies and identifies near-term appreciation potential.

The investment team uses a quantitative model and favors highly ranked companies on fundamental measures and expected return in near-term.

The fund generally invests at least 40% of its total assets in non-U.S. companies in both developed and emerging market countries.

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 U.S. and international companies.

In selecting securities for the portfolio, the research team focuses on companies that are trading at discounts to their estimated intrinsic 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 manager prefers a multi-year investment horizon over the long term.
 

The fund seeks capital appreciation 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 companies of both domestic and international, including emerging, developing or frontier markets.

In selecting securities for the portfolio, the research team focuses on a company’s valuation multiples such as book value, and durability of free cash flow.

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 achieve broad geographic diversification and typically invests in approximately 15 industries.

In addition, the fund may also invest in publicly traded master limited partnerships.
 

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 well-financed companies that are trading at discounts to their estimated intrinsic value.

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

The fund may invest in companies of any market capitalization and across all industries.

Additionally, the fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments that are undervalued.

The fund also invests in both domestic and foreign securities.
 

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 well-financed companies that are trading at discounts to their estimated intrinsic value.

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

The fund may invest in companies of any market capitalization and across all industries.

Additionally, the fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments that are undervalued.

The fund also invests in both domestic and foreign securities.
 

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 well-financed companies that are trading at discounts to their estimated intrinsic value.

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

The fund may invest in companies of any market capitalization and across all industries.

Additionally, the fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments that are undervalued.

The fund also invests in both domestic and foreign securities.
 

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 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 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 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 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 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 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 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 foreign equity securities but may invest in U.S. securities to a limited extent.

The team prefers companies that are estimated to trade below their fair values.

In addition, the team favors companies that are inexpensive on the basis of book value, earnings, cash flow, and sales.

Also, the team evaluates whether a company has above-average dividend yield, low corporate leverage and share price, as well as share repurchase programs.

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 invests for the most part in developed countries with some exposure to emerging markets.

The fund is diversified by issuer, industry and country, and maintains investments in a minimum of five countries.

As part of the process, the fund seeks to reduce currency risk by hedging its perceived foreign currency exposure back into the U.S. dollar where practicable.