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 narrows the list of investable stocks through the hurdles on growth, earnings, and return on capital.

The stock selection is designed to generate additional return to the index with greater consistency across a range of market environments.

The research team normally focuses on large-size companies and selectively diversifies in mid- and small-size companies as long as these additions either lowers fund’s volatility or companies have near-term catalysts for higher revaluations.

The fund seeks capital appreciation in the long term by investing in companies located throughout the world including the U.S.

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 invests in securities of companies that aim to create positive measurable environmental and/or social impacts, and will invest significantly in non-U.S. companies.

According to the team, a company is considered to be a non-U.S. company if the company is organized under the laws of, or has its principal office in, a country outside the U.S., or the company has its principal securities trading market in a country outside the U.S., and/or the company derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country outside the U.S.

In selecting securities for the portfolio, the research team considers factors that drive a company's share price, as well as the company's environmental and social impact practices.

The research process is driven by fundamental analysis of one stock at a time. Next, the research team examines the company's ability to deliver positive outcomes for the environment and society in nine areas or pillars.

The nine areas or pillars are circular economy, sustainable energy, food and agriculture, water and sanitation, health and social care, financial inclusion, sustainable real estate and infrastructure, education and employment, and impact leaders.

The team generally aligns its impact assessment 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 manager invests in securities from at least three different countries, and may also invest in companies of emerging market countries.

At times, the fund may have a significant amount of its assets invested in a country or geographic region.

Also, the fund may invest in securities denominated in U.S. dollars and currencies of the foreign countries in which it is permitted to invest.

Additionally, the fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.
 

The fund seeks capital appreciation in the long term by investing in companies located throughout the world including the U.S.

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 invests in securities of companies that aim to create positive measurable environmental and/or social impacts, and will invest significantly in non-U.S. companies.

According to the team, a company is considered to be a non-U.S. company if the company is organized under the laws of, or has its principal office in, a country outside the U.S., or the company has its principal securities trading market in a country outside the U.S., and/or the company derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country outside the U.S.

In selecting securities for the portfolio, the research team considers factors that drive a company's share price, as well as the company's environmental and social impact practices.

The research process is driven by fundamental analysis of one stock at a time. Next, the research team examines the company's ability to deliver positive outcomes for the environment and society in nine areas or pillars.

The nine areas or pillars are circular economy, sustainable energy, food and agriculture, water and sanitation, health and social care, financial inclusion, sustainable real estate and infrastructure, education and employment, and impact leaders.

The team generally aligns its impact assessment 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 manager invests in securities from at least three different countries, and may also invest in companies of emerging market countries.

At times, the fund may have a significant amount of its assets invested in a country or geographic region.

Also, the fund may invest in securities denominated in U.S. dollars and currencies of the foreign countries in which it is permitted to invest.

Additionally, the fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.
 

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

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

Next, the research team focuses on companies located in, or that derive a significant portion of their earnings or revenues from, a number of countries around the world other than the U.S., including emerging market countries.

The team relies on fundamental analysis to identify good quality companies with balance sheet strength and superior cash flow generation potential.

In addition, the team evaluates a company’s relative value, and non-correlated assets.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value but have the potential to increase market price over time.

As part of its research process, the team considers companies operated with proven management teams with track records of delivering results in all economic conditions and having the ability to sustain and increase profits over time.

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

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

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

Next, the research team focuses on companies located in, or that derive a significant portion of their earnings or revenues from, a number of countries around the world other than the U.S., including emerging market countries.

The team relies on fundamental analysis to identify good quality companies with balance sheet strength and superior cash flow generation potential.

In addition, the team evaluates a company’s relative value, and non-correlated assets.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value but have the potential to increase market price over time.

As part of its research process, the team considers companies operated with proven management teams with track records of delivering results in all economic conditions and having the ability to sustain and increase profits over time.

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

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

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

Next, the research team focuses on companies located in, or that derive a significant portion of their earnings or revenues from, a number of countries around the world other than the U.S., including emerging market countries.

The team relies on fundamental analysis to identify good quality companies with balance sheet strength and superior cash flow generation potential.

In addition, the team evaluates a company’s relative value, and non-correlated assets.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value but have the potential to increase market price over time.

As part of its research process, the team considers companies operated with proven management teams with track records of delivering results in all economic conditions and having the ability to sustain and increase profits over time.

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

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

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

Next, the research team focuses on companies located in, or that derive a significant portion of their earnings or revenues from, a number of countries around the world other than the U.S., including emerging market countries.

The team relies on fundamental analysis to identify good quality companies with balance sheet strength and superior cash flow generation potential.

In addition, the team evaluates a company’s relative value, and non-correlated assets.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value but have the potential to increase market price over time.

As part of its research process, the team considers companies operated with proven management teams with track records of delivering results in all economic conditions and having the ability to sustain and increase profits over time.

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

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

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

Next, the research team focuses on companies located in, or that derive a significant portion of their earnings or revenues from, a number of countries around the world other than the U.S., including emerging market countries.

The team relies on fundamental analysis to identify good quality companies with balance sheet strength and superior cash flow generation potential.

In addition, the team evaluates a company’s relative value, and non-correlated assets.

The team also focuses on companies that are lagging in market price for temporary reasons and are trading at a discount to their estimated intrinsic value but have the potential to increase market price over time.

As part of its research process, the team considers companies operated with proven management teams with track records of delivering results in all economic conditions and having the ability to sustain and increase profits over time.

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

The fund 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.

The fundamental, bottom-up investment process starts by identifying foreign companies that exhibit superior and improving prospects.

The investment team also considers environmental, social and governance factors when assessing investment opportunities and this analysis forms an integral part of the quality rating for all companies.

Then the team focuses on sustainable businesses and the company's ESG performance.

The research team evaluates companies on the basis of quality and price. Next, the team assigns each company a proprietary overall and also an ESG-quality rating ranging from 1 to 5 (1 indicating leaders and 5 indicating laggards).

The team prefers companies rated 3 or better on both the overall and ESG-quality rating. In the overall quality sleeve, the manager evaluates a company’s growth prospects and balance sheet strength.

In the ESG-quality sleeve, the manager evaluates the company’s ownership structures, governance and management quality as well as potential environmental and social risks.

The fund will not invest in companies that have failed to uphold one or more principles of the UN Global Compact, an industry tied to controversial weapons; or a revenue contribution of 10% or more from the manufacture or sale of conventional weapons or weapons systems; or a revenue contribution of 10% or more from tobacco or are tobacco manufacturers, or more from the extraction of unconventional oil and gas, or a revenue contribution from thermal coal extraction.

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

Additionally, the fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.
 

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

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

The fundamental, bottom-up investment process starts by identifying foreign companies that exhibit superior and improving prospects.

The investment team also considers environmental, social and governance factors when assessing investment opportunities and this analysis forms an integral part of the quality rating for all companies.

Then the team focuses on sustainable businesses and the company's ESG performance.

The research team evaluates companies on the basis of quality and price. Next, the team assigns each company a proprietary overall and also an ESG-quality rating ranging from 1 to 5 (1 indicating leaders and 5 indicating laggards).

The team prefers companies rated 3 or better on both the overall and ESG-quality rating. In the overall quality sleeve, the manager evaluates a company’s growth prospects and balance sheet strength.

In the ESG-quality sleeve, the manager evaluates the company’s ownership structures, governance and management quality as well as potential environmental and social risks.

The fund will not invest in companies that have failed to uphold one or more principles of the UN Global Compact, an industry tied to controversial weapons; or a revenue contribution of 10% or more from the manufacture or sale of conventional weapons or weapons systems; or a revenue contribution of 10% or more from tobacco or are tobacco manufacturers, or more from the extraction of unconventional oil and gas, or a revenue contribution from thermal coal extraction.

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

Additionally, the fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.
 

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

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 outside the United States.

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 outside the United States.

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 outside the United States.

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 outside the United States.

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 outside the United States.

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 outside the United States.

The fund manages assets by hiring sub-advisors and currently works with three. The fund prefers a multi-manager investing approach to reduce volatility and downside risk.

The sub-advisors are Causeway Capital Management LLC, Lazard Asset Management LLC, and American Century Investment Management, Inc.

The manager allocates the assets of the fund among different sub-advisors. Each of the sub-advisors utilizes internal and external research and changing economic trends to assess the earnings growth prospects of companies.

The sub-advisors’ 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 looks for companies that are estimated to trade below their fair values in developed countries.

With the help of fundamental analysis, the team selects attractively valued companies demonstrating improving growth prospects.

In addition, the team focuses on companies that are below-average on the basis of earnings, and book value.

The team also seeks companies with above-average dividend yields and return on equity or earnings growth potential.

In selecting stocks, the team may consider potential changes in currency exchange rates when choosing stocks.

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 stocks of issuers based in at least three different countries located outside the United States.

The fund may invest in companies across all market capitalizations and in certain emerging market countries.

The fund may have significant exposure to the financial sector

From time to time, based on market or economic conditions, the fund may invest a significant portion of its net assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region.

Additionally, 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 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 relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The portfolio holds approximately 35 to 50 companies.

The fund may also invest in emerging market countries.

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The portfolio holds approximately 35 to 50 companies.

The fund may also invest in emerging market countries.

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The portfolio holds approximately 35 to 50 companies.

The fund may also invest in emerging market countries.

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The portfolio holds approximately 35 to 50 companies.

The fund may also invest in emerging market countries.

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The portfolio holds approximately 35 to 50 companies.

The fund may also invest in emerging market countries.

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The portfolio holds approximately 35 to 50 companies.

The fund may also invest in emerging market countries.

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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

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

Next, the research team relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.
 

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.

Then the research team relies on fundamental analysis to look for companies that are trading at significant discounts to their intrinsic value.

As part of its quantitative assessment, the team evaluates a company’s historical financial statements.

Qualitative factors include corporate governance, country of domicile, level of transparency, industry cycles, brand value, pricing power, product concentration, customer diversification, capital structure, and regulatory risks.

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 40 to 60 securities.

The fund may invest in both developed and emerging markets and generally intends to invest across different countries and geographic regions.

Additionally, the fund may also invest in foreign securities that are represented in the U.S. securities markets by American Depositary Receipts or similar depositary arrangements.

The fund may invest in companies across all market capitalizations, including small-cap companies.
 

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

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

Then the research team relies on fundamental analysis to look for companies that are trading at significant discounts to their intrinsic value.

As part of its quantitative assessment, the team evaluates a company’s historical financial statements.

Qualitative factors include corporate governance, country of domicile, level of transparency, industry cycles, brand value, pricing power, product concentration, customer diversification, capital structure, and regulatory risks.

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 40 to 60 securities.

The fund may invest in both developed and emerging markets and generally intends to invest across different countries and geographic regions.

Additionally, the fund may also invest in foreign securities that are represented in the U.S. securities markets by American Depositary Receipts or similar depositary arrangements.

The fund may invest in companies across all market capitalizations, including small-cap companies.
 

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 relies on a proprietary strategy to identify companies that will increase in value over time.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the team emphasizes companies whose earnings and revenues are not only growing, but growing at an accelerating pace.

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 manager invests in companies located in at least three developed countries world-wide (excluding the United States).

The fund may also invest in emerging market countries.

Additionally, the fund is not permitted to invest in securities issued by companies assigned the Global Industry Classification Standard or the Bloomberg Industry Classification Standard for the tobacco industry.
 

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers

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 process focuses on stocks of issuers in Europe and the Pacific Basin.

The investment team believes a country will be considered part of Europe if it is part of the MSCI European indexes, and part of the Pacific Basin if any of its borders touches the Pacific Ocean.

Also, in determining the domicile of an issuer, the team considers the domicile determination of a leading provider of global indexes, such as Morgan Stanley Capital International.

Other factors that the team may take into account are where the company’s securities are listed and where the company is legally organized, maintains principal corporate offices, conducts its principal operations and/or generates revenues.

Then the research team prefers companies demonstrating the potential for growth, namely the potential for above-average capital appreciation.

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 favors attractively valued companies in developed and emerging markets that are positioned to benefit from innovation, global economic growth, increasing consumer demand or a turnaround in business conditions.

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

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

Next, the research team focuses on attractively-valued companies within its preferred themes with durable growth characteristics that do not fully reflect their long-term potential.

The team identifies long-term secular growth trends, and focuses on those industry leaders with attractive growth and valuation characteristics that will be long-term beneficiaries of any structural change and/or trend.

In addition, the team prefers high-quality companies with a sustainable competitive advantage, a superior business model and a high-quality management team.

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

The fund invests primarily in developed markets but also may invest up to 35% of its net assets in emerging and less developed markets.

Also, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

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

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

Next, the research team focuses on attractively-valued companies within its preferred themes with durable growth characteristics that do not fully reflect their long-term potential.

The team identifies long-term secular growth trends, and focuses on those industry leaders with attractive growth and valuation characteristics that will be long-term beneficiaries of any structural change and/or trend.

In addition, the team prefers high-quality companies with a sustainable competitive advantage, a superior business model and a high-quality management team.

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

The fund invests primarily in developed markets but also may invest up to 35% of its net assets in emerging and less developed markets.

Also, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

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

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

Next, the research team focuses on attractively-valued companies within its preferred themes with durable growth characteristics that do not fully reflect their long-term potential.

The team identifies long-term secular growth trends, and focuses on those industry leaders with attractive growth and valuation characteristics that will be long-term beneficiaries of any structural change and/or trend.

In addition, the team prefers high-quality companies with a sustainable competitive advantage, a superior business model and a high-quality management team.

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

The fund invests primarily in developed markets but also may invest up to 35% of its net assets in emerging and less developed markets.

Also, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund seeks maximum 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 seeks to identify high-quality companies that are estimated to trade below their fair values.

The team favors companies with balance sheet strength and operated by management teams aligned with shareholders’ interests.

In addition, the team considers companies having a track record of generating excellent free cash flow, improving returns on capital and superior competitive positions in their industries.

Then the team ranks the companies and generally takes larger positions in companies where the discount is greatest and smaller positions in companies with narrower discounts 

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

The fund invests primarily in developed markets but also may invest in emerging and less developed markets.

Additionally, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

Also, the fund may invest to a limited extent in debt securities of any maturity.
 

The fund seeks maximum 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 seeks to identify high-quality companies that are estimated to trade below their fair values.

The team favors companies with balance sheet strength and operated by management teams aligned with shareholders’ interests.

In addition, the team considers companies having a track record of generating excellent free cash flow, improving returns on capital and superior competitive positions in their industries.

Then the team ranks the companies and generally takes larger positions in companies where the discount is greatest and smaller positions in companies with narrower discounts 

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

The fund invests primarily in developed markets but also may invest in emerging and less developed markets.

Additionally, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

Also, the fund may invest to a limited extent in debt securities of any maturity.
 

The fund seeks maximum 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 seeks to identify high-quality companies that are estimated to trade below their fair values.

The team favors companies with balance sheet strength and operated by management teams aligned with shareholders’ interests.

In addition, the team considers companies having a track record of generating excellent free cash flow, improving returns on capital and superior competitive positions in their industries.

Then the team ranks the companies and generally takes larger positions in companies where the discount is greatest and smaller positions in companies with narrower discounts 

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

The fund invests primarily in developed markets but also may invest in emerging and less developed markets.

Additionally, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

Also, the fund may invest to a limited extent in debt securities of any maturity.
 

The fund seeks maximum total return in the long term by investing in mega-and large-size companies outside the United States.

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

The fund utilizes a manager of managers approach to investing whereby it allocates its net assets to the sub-adviser.

Next, the research team looks for attractive companies demonstrating excellent returns over the long-term.

The team believes these businesses have achieved leading and defensible market positions through the creation of enduring franchise value.

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 manager focuses on companies in the developed and emerging markets of the world, and may invest up to 35% of the fund’s net assets in emerging markets of the world.

The fund seeks to maximize total return 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.

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 focuses on companies located, or exercising the predominant part of their economic activity, in Asia, excluding Japan.

The manager considers a company to be located, or exercising the predominant part of its economic activity, in Asia, excluding Japan, if it is legally organized in Asia, excluding Japan, the primary trading market for its securities is located in Asia, excluding Japan, or at least 50% of the company’s (including any of its subsidiaries’) non-current assets, capitalization, gross revenues or profits have been located in Asia, excluding Japan, during the last fiscal year.

The fund is geographically diversified.
 

The fund seeks to maximize total return 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.

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 focuses on companies located, or exercising the predominant part of their economic activity, in Asia, excluding Japan.

The manager considers a company to be located, or exercising the predominant part of its economic activity, in Asia, excluding Japan, if it is legally organized in Asia, excluding Japan, the primary trading market for its securities is located in Asia, excluding Japan, or at least 50% of the company’s (including any of its subsidiaries’) non-current assets, capitalization, gross revenues or profits have been located in Asia, excluding Japan, during the last fiscal year.

The fund is geographically diversified.
 

The fund seeks to maximize total return 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.

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 focuses on companies located, or exercising the predominant part of their economic activity, in Asia, excluding Japan.

The manager considers a company to be located, or exercising the predominant part of its economic activity, in Asia, excluding Japan, if it is legally organized in Asia, excluding Japan, the primary trading market for its securities is located in Asia, excluding Japan, or at least 50% of the company’s (including any of its subsidiaries’) non-current assets, capitalization, gross revenues or profits have been located in Asia, excluding Japan, during the last fiscal year.

The fund is geographically diversified.
 

The fund seeks to maximize total return 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.

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 focuses on companies located, or exercising the predominant part of their economic activity, in Asia, excluding Japan.

The manager considers a company to be located, or exercising the predominant part of its economic activity, in Asia, excluding Japan, if it is legally organized in Asia, excluding Japan, the primary trading market for its securities is located in Asia, excluding Japan, or at least 50% of the company’s (including any of its subsidiaries’) non-current assets, capitalization, gross revenues or profits have been located in Asia, excluding Japan, during the last fiscal year.

The fund is geographically diversified.
 

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 focuses on high-quality and durable companies that are estimated to trade below their fair values.

The team also prefers companies with good governance and a track record of responsible financial management.

In addition, the team considers companies experiencing superior growth and operating successfully in their respective economic sectors.

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 manager may invest up to 10% of the fund’s net assets in companies located in emerging markets, and may also invest in American Depositary Receipts , European Depositary Receipts and Global Depositary Receipts.
 

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

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

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

Next, the research team focuses on securities of non-U.S. companies associated with developed market countries demonstrating high profitability relative to its peers.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, size, relative price, profitability, momentum, trading strategies, and liquidity management.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

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 lend its portfolio securities to generate additional income.
 

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

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

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets exhibiting high profitability and relative prices relative to its peers.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings, as well as economic conditions and developments in the issuer’s industry.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

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 lend its portfolio securities to generate additional income.
 

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

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

Next, the research team focuses on non-U.S. companies associated with developed market countries.

The team considers a company’s size, relative price, and/or profitability relative to its peers.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

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 lend its portfolio securities to generate additional income.

The fund seeks growth of principal and income in the long term by investing in mid-and large-size companies outside the United States.

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

Next, the research team focuses on securities of non-U.S. companies from at least three different countries, including emerging market countries.

The team prefers companies that are estimated to trade below their fair values for temporary reasons but have the potential to increase market price over time.

In addition, the team also assesses a company’s underlying financial condition such as future earnings, cash flow, and dividends.

Other factors in consideration are a company’s financial strength, economic condition, competitive advantage, quality of the business franchise, and whether the companies are operated with proven management teams.

Also, the team considers the economic and political stability of the country where the issuer is located and the protections provided to shareholders.

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

However, the fund is not required to allocate its investments in set percentages in particular countries and may invest in emerging markets without limit.

The fund seeks total return including dividend by investing in companies in developed international markets outside the United States.

The sub-advisor’s investment process is driven by fundamental research and quantitative analysis of one company at a time. The research team screens financial statements of companies in the regions that meet broad revenue and earnings growth and trends criteria.

The team then narrows the list with the help of detailed fundamental analysis of growth drivers, business model and long term sustainability of earnings.

The team favors established companies with a proven track record of earnings and a clarity on growth outlook with stocks trading at reasonable prices.

The fund is geographically diversified and investments Japan account about 25% of total assets with additional 42% invested in companies in Switzerland, U.K., France, and Denmark.

The fund seeks total return including dividend by investing in companies in developed international markets outside the United States.

The sub-advisor’s investment process is driven by fundamental research and quantitative analysis of one company at a time. The research team screens financial statements of companies in the regions that meet broad revenue and earnings growth and trends criteria.

The team then narrows the list with the help of detailed fundamental analysis of growth drivers, business model and long term sustainability of earnings.

The team favors established companies with a proven track record of earnings and a clarity on growth outlook with stocks trading at reasonable prices.

The fund is geographically diversified and investments Japan account about 25% of total assets with additional 42% invested in companies in Switzerland, U.K., France, and Denmark.

The fund seeks total return including dividend by investing in companies in developed international markets outside the United States.

The sub-advisor’s investment process is driven by fundamental research and quantitative analysis of one company at a time. The research team screens financial statements of companies in the regions that meet broad revenue and earnings growth and trends criteria.

The team then narrows the list with the help of detailed fundamental analysis of growth drivers, business model and long term sustainability of earnings.

The team favors established companies with a proven track record of earnings and a clarity on growth outlook with stocks trading at reasonable prices.

The fund is geographically diversified and investments Japan account about 25% of total assets with additional 42% invested in companies in Switzerland, U.K., France, and Denmark.

The fund seeks total return including dividend by investing in companies in developed international markets outside the United States.

The sub-advisor’s investment process is driven by fundamental research and quantitative analysis of one company at a time. The research team screens financial statements of companies in the regions that meet broad revenue and earnings growth and trends criteria.

The team then narrows the list with the help of detailed fundamental analysis of growth drivers, business model and long term sustainability of earnings.

The team favors established companies with a proven track record of earnings and a clarity on growth outlook with stocks trading at reasonable prices.

The fund is geographically diversified and investments Japan account about 25% of total assets with additional 42% invested in companies in Switzerland, U.K., France, and Denmark.

The fund seeks capital appreciation by primarily investing in international companies and to a lesser extent in the United States.

The investment process focuses on stock selection that meets growth, quality and price criteria. Quantitative research focuses on sectors and industries and in identifying trends and market leaders.

Then the research team analyzes individual companies using fundamental research techniques and qualitative evaluation of business models and management track records.

The fund favors companies with attractive growth profile, high strategic and operational business, and reasonable stock prices with long term appreciation potential.

Geographically the fund is diversified with investments in North and South America, Western Europe and Asia. About 55% of total assets are invested in Germany, France, Japan, Switzerland, and China.  

The fund seeks capital appreciation by primarily investing in international companies and to a lesser extent in the United States.

The investment process focuses on stock selection that meets growth, quality and price criteria. Quantitative research focuses on sectors and industries and in identifying trends and market leaders.

Then the research team analyzes individual companies using fundamental research techniques and qualitative evaluation of business models and management track records.

The fund favors companies with attractive growth profile, high strategic and operational business, and reasonable stock prices with long term appreciation potential.

Geographically the fund is diversified with investments in North and South America, Western Europe and Asia. About 55% of total assets are invested in Germany, France, Japan, Switzerland, and China.  

The fund seeks capital appreciation by primarily investing in international companies and to a lesser extent in the United States.

The investment process focuses on stock selection that meets growth, quality and price criteria. Quantitative research focuses on sectors and industries and in identifying trends and market leaders.

Then the research team analyzes individual companies using fundamental research techniques and qualitative evaluation of business models and management track records.

The fund favors companies with attractive growth profile, high strategic and operational business, and reasonable stock prices with long term appreciation potential.

Geographically the fund is diversified with investments in North and South America, Western Europe and Asia. About 55% of total assets are invested in Germany, France, Japan, Switzerland, and China.  

The fund seeks capital appreciation by primarily investing in international companies and to a lesser extent in the United States.

The investment process focuses on stock selection that meets growth, quality and price criteria. Quantitative research focuses on sectors and industries and in identifying trends and market leaders.

Then the research team analyzes individual companies using fundamental research techniques and qualitative evaluation of business models and management track records.

The fund favors companies with attractive growth profile, high strategic and operational business, and reasonable stock prices with long term appreciation potential.

Geographically the fund is diversified with investments in North and South America, Western Europe and Asia. About 55% of total assets are invested in Germany, France, Japan, Switzerland, and China.  

The fund seeks capital appreciation by primarily investing in international companies and to a lesser extent in the United States.

The investment process focuses on stock selection that meets growth, quality and price criteria. Quantitative research focuses on sectors and industries and in identifying trends and market leaders.

Then the research team analyzes individual companies using fundamental research techniques and qualitative evaluation of business models and management track records.

The fund favors companies with attractive growth profile, high strategic and operational business, and reasonable stock prices with long term appreciation potential.

Geographically the fund is diversified with investments in North and South America, Western Europe and Asia. About 55% of total assets are invested in Germany, France, Japan, Switzerland, and China.  

The fund seeks capital appreciation by primarily investing in international companies and to a lesser extent in the United States.

The investment process focuses on stock selection that meets growth, quality and price criteria. Quantitative research focuses on sectors and industries and in identifying trends and market leaders.

Then the research team analyzes individual companies using fundamental research techniques and qualitative evaluation of business models and management track records.

The fund favors companies with attractive growth profile, high strategic and operational business, and reasonable stock prices with long term appreciation potential.

Geographically the fund is diversified with investments in North and South America, Western Europe and Asia. About 55% of total assets are invested in Germany, France, Japan, Switzerland, and China.  

The fund seeks capital appreciation and future income 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 focuses on companies in both developed and emerging market countries outside the U.S.

The team considers an issuer to be located outside the U.S. if at least 50% of its revenues or profits are from business activities located outside the U.S., at least 50% of its assets are located outside the U.S., or the principal trading market for its securities is located outside the U.S.

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

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

The fund 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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

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 trading at discounts to their 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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

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 trading at discounts to their 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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

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 trading at discounts to their 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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

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 trading at discounts to their 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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

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 trading at discounts to their 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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

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 trading at discounts to their 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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

The fund seeks capital appreciation by investing in mega-and large-size companies outside the United States.

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

Next, the research team focuses on non-U.S. securities, including securities of issuers located in emerging markets.

The team favors high-quality 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.

Additionally, the team emphasizes companies with financial and balance sheet strength, stable returns on equity, high shareholder remuneration via dividends and/or share buybacks and the ability to generate consistent free cash flows.

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 countries and regions.

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 focuses on non-U.S. securities, including securities of issuers located in emerging markets and other investments that are tied economically to emerging markets.

The team favors high-quality 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.

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 emerging market countries.
 

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 focuses on international securities with growth potential that are trading at attractive valuations.

The team also looks for companies that have a durable competitive advantage in an industry with high barriers to entry.

Other attributes that the team considers are companies in an attractive industry with pricing power, organic growth and limited cyclicality.

Also, the team favors companies with superior management teams having a track record of stable profit margins, balance sheet strength, and that are trading at a discount to their estimated intrinsic value.

However, the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on microeconomic factors.

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 companies located in at least three countries other than the United States, including emerging market countries.

Generally, the portfolio holds stocks from 25 to 45 companies.

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

Additionally, the fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.

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 focuses on international securities with growth potential that are trading at attractive valuations.

The team also looks for companies that have a durable competitive advantage in an industry with high barriers to entry.

Other attributes that the team considers are companies in an attractive industry with pricing power, organic growth and limited cyclicality.

Also, the team favors companies with superior management teams having a track record of stable profit margins, balance sheet strength, and that are trading at a discount to their estimated intrinsic value.

However, the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on microeconomic factors.

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 companies located in at least three countries other than the United States, including emerging market countries.

Generally, the portfolio holds stocks from 25 to 45 companies.

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

Additionally, the fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.

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 focuses on international securities with growth potential that are trading at attractive valuations.

The team also looks for companies that have a durable competitive advantage in an industry with high barriers to entry.

Other attributes that the team considers are companies in an attractive industry with pricing power, organic growth and limited cyclicality.

Also, the team favors companies with superior management teams having a track record of stable profit margins, balance sheet strength, and that are trading at a discount to their estimated intrinsic value.

However, the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on microeconomic factors.

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 companies located in at least three countries other than the United States, including emerging market countries.

Generally, the portfolio holds stocks from 25 to 45 companies.

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

Additionally, the fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.

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

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

Next, the investment team focuses on securities of non-U.S. companies.

The team considers non-U.S. companies are companies domiciled or headquartered outside of the United States, or whose primary business activities or principal trading markets are located outside of the United States.

Also, the team relies on fundamental analysis to identify good businesses that are selling at value prices.

The team believes good businesses have a superior, defendable market niche or products and services niche that is difficult to replicate.

Other attributes in consideration would be companies with a high degree of relative recurring revenue and modestly priced products or services.

The research team also prefers companies exhibiting attractive return-on-investment economics and above-average growth or improving profitability prospects.

The team has a strong orientation to low absolute and relative valuations.

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

The portfolio hold between 25 and 40 stocks, with most major industry groups represented.

The majority of the fund’s investments will be in companies that have global operations rather than in companies whose business is limited to a particular country or geographic region.

Also, the fund invests substantially, namely, more than 25% of its net assets in issuers located in a limited number of countries.

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

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

Next, the investment team focuses on securities of non-U.S. companies.

The team considers non-U.S. companies are companies domiciled or headquartered outside of the United States, or whose primary business activities or principal trading markets are located outside of the United States.

Also, the team relies on fundamental analysis to identify good businesses that are selling at value prices.

The team believes good businesses have a superior, defendable market niche or products and services niche that is difficult to replicate.

Other attributes in consideration would be companies with a high degree of relative recurring revenue and modestly priced products or services.

The research team also prefers companies exhibiting attractive return-on-investment economics and above-average growth or improving profitability prospects.

The team has a strong orientation to low absolute and relative valuations.

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

The portfolio hold between 25 and 40 stocks, with most major industry groups represented.

The majority of the fund’s investments will be in companies that have global operations rather than in companies whose business is limited to a particular country or geographic region.

Also, the fund invests substantially, namely, more than 25% of its net assets in issuers located in a limited number of 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 focuses on securities of foreign issuers located in at least three countries outside the United States.

The team prefers companies demonstrating accelerated revenues and earnings growth and potential for above-average capital appreciation.

In addition, the team emphasizes companies that have the potential to grow faster than other companies in their respective stock exchanges trading at attractive valuations.

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

The fund diversifies its investments across different countries by investing in the securities of companies located in developed countries and in emerging markets.

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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 non-U.S. issuers. According to the team, a non-U.S. issuer is an issuer economically tied to a country other than the United States.

The team selects companies that demonstrate favorable economic prospects over the long term, and looks to buy them at a reasonable price.

Also, the team believes companies with superior fundamental business characteristics will outperform peers over a full market cycle.

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 intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries.

The fund may invest in shares of companies through initial public offerings.

Additionally, the fund may also invest in fixed income securities, such as government, corporate and bank debt obligations.
 

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

The fund manages assets with the help of two sub-advisers. The sub-advisers are Franklin Templeton Institutional, LLC, and JPMorgan Investment Management, Inc.

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

Franklin Templeton focuses on attractive companies offering higher expected revenue and earnings growth relative to peers.

JPMorgan generally focuses on companies demonstrating above average growth potential and that are also trading at reasonable valuations.

Next, the research team focuses on stocks and related securities, such as preferred stock, convertible securities and depositary receipts, of foreign issuers, including emerging markets.

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, have significant investments in a particular sector or country, a small number of countries, or a particular geographic region; provided that it invests in at least three different countries.

According to the investment team, the issuer of a security is generally deemed to be economically tied to a particular country if the security is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities.

Also, the team considers if the issuer is organized under the laws of and maintains a principal office in that country.

Furthermore, the team considers an issuer that has its principal securities trading market in that country, or derives 50% or more of its total revenues from goods sold or services performed in that country.

Additionally, the team determines if the issuer has 50% or more of its assets in that country; or is included in an index which is representative of that country.

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

The fund manages assets with the help of two sub-advisers. The sub-advisers are Franklin Templeton Institutional, LLC, and JPMorgan Investment Management, Inc.

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

Franklin Templeton focuses on attractive companies offering higher expected revenue and earnings growth relative to peers.

JPMorgan generally focuses on companies demonstrating above average growth potential and that are also trading at reasonable valuations.

Next, the research team focuses on stocks and related securities, such as preferred stock, convertible securities and depositary receipts, of foreign issuers, including emerging markets.

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, have significant investments in a particular sector or country, a small number of countries, or a particular geographic region; provided that it invests in at least three different countries.

According to the investment team, the issuer of a security is generally deemed to be economically tied to a particular country if the security is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities.

Also, the team considers if the issuer is organized under the laws of and maintains a principal office in that country.

Furthermore, the team considers an issuer that has its principal securities trading market in that country, or derives 50% or more of its total revenues from goods sold or services performed in that country.

Additionally, the team determines if the issuer has 50% or more of its assets in that country; or is included in an index which is representative of that country.

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

The fund manages assets with the help of six sub-advisers. The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The sub-advisers are AQR Capital Management, LLC, Harris Associates L.P., MFS Institutional Advisors, Inc., Mondrian Investment Partners Ltd., Parametric Portfolio Associates LLC, and WCM Investment Management, LLC.

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

According to the investment team, an issuer is considered to be from the country where it is located, where it is headquartered or incorporated, where the majority of its assets are located or where it generates the majority of its operating income.

Next, the research team invests in securities of foreign companies located in developed countries and in emerging markets.

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

The portfolio is diversified among a large number of companies across different industries and economic sectors.

Also, the Fund may invest in American Depositary Receipts and Global Depositary Receipts.

Furthermore, the fund may invest its uninvested cash in high-quality, short-term debt securities, or in the GuideStone Funds Money Market Fund.

However, the fund may not invest in any company that is publicly recognized, as determined by GuideStone Financial Resources of the Southern Baptist Convention as being in the alcohol, tobacco, gambling, pornography or abortion industries.

The fund also avoids investing in any company whose products, services or activities are publicly recognized as being incompatible with the moral and ethical posture of GuideStone Financial Resources.

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

The fund manages assets with the help of six sub-advisers. The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The sub-advisers are AQR Capital Management, LLC, Harris Associates L.P., MFS Institutional Advisors, Inc., Mondrian Investment Partners Ltd., Parametric Portfolio Associates LLC, and WCM Investment Management, LLC.

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

According to the investment team, an issuer is considered to be from the country where it is located, where it is headquartered or incorporated, where the majority of its assets are located or where it generates the majority of its operating income.

Next, the research team invests in securities of foreign companies located in developed countries and in emerging markets.

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

The portfolio is diversified among a large number of companies across different industries and economic sectors.

Also, the Fund may invest in American Depositary Receipts and Global Depositary Receipts.

Furthermore, the fund may invest its uninvested cash in high-quality, short-term debt securities, or in the GuideStone Funds Money Market Fund.

However, the fund may not invest in any company that is publicly recognized, as determined by GuideStone Financial Resources of the Southern Baptist Convention as being in the alcohol, tobacco, gambling, pornography or abortion industries.

The fund also avoids investing in any company whose products, services or activities are publicly recognized as being incompatible with the moral and ethical posture of GuideStone Financial Resources.

The fund seeks to replicate the aggregate price and dividend performance of the benchmark index before fees and expenses by investing in companies outside the United States.

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

The passively managed fund seeks to hold each security in approximately the same proportion as its weighting in the Index.

Next, the research team invests in securities of foreign 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.

Also, the Fund may invest in American Depositary Receipts and Global Depositary Receipts.

Furthermore, the fund may invest its uninvested cash in high-quality, short-term debt securities, or in the GuideStone Funds Money Market Fund.

However, the fund may not invest in any company that is publicly recognized, as determined by GuideStone Financial Resources of the Southern Baptist Convention as being in the alcohol, tobacco, gambling, pornography or abortion industries.

The fund also avoids investing in any company whose products, services or activities are publicly recognized as being incompatible with the moral and ethical posture of GuideStone Financial Resources.

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.

Then the research team focuses on securities of companies that are tied economically to countries in Asia excluding Japan.

The team screens companies utilizing a proprietary process that is focused on quality returns, attractive valuations, improving sentiment, and positive price action.

Next, the team narrows the investable universe and evaluates the stocks in the top decile of the universe.

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 normally holds around 35 positions of approximately equal weight, but the portfolio may vary over time, and may have as few as 25 holdings, or may hold securities in 75 or more companies.

The manager will invest in securities of companies in at least four different countries in Asia, which may be developed or emerging markets and which may include China, Hong Kong, Taiwan, South Korea, Singapore, Thailand, Malaysia, Philippines, Vietnam, Indonesia, India, Pakistan, Bangladesh, and Sri Lanka. 

Additionally, the fund has the flexibility to take temporary defensive positions in cash and cash equivalents, including money market funds, to respond to adverse market, economic, political or other conditions.

The fund has the flexibility to invest up to 20% of its portfolio in securities of companies that are outside of Asia, which will generally be in the developed markets, including in the US and the UK.

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

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

Next, the research team focuses on foreign companies located principally in developed markets across Europe, Japan and Asia Pacific ex Japan.

The team seeks to identify attractive investment opportunities arising due to certain capital cycle, or supply-side conditions.

Capital cycle investing is based on the concept that the prospect of high returns will attract excessive capital and competition and the prospect of low returns will excessively depress new capital investments and discourage competition.

In addition, the team relies on fundamental analysis to evaluate businesses and the industry within which they operate.

Another important aspect of the analysis is the research meetings with company management teams.

When selecting securities for the portfolio, the team assesses if companies deploy capital efficiently, and/or company management teams are appropriately incentivized.

Other factors that the team focuses on are whether companies operate in a monopolistic, oligopolistic or consolidating industry.

In addition, the team determines if the companies are generating high and durable returns on invested capital, and attractive or improving free cash-flow.

Additionally, 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 maintains an aggregate portfolio that is broadly regionally neutral relative to the benchmark index.

The portfolio holds between 350 and 450 companies across Europe, Japan, the Pacific Basin and has a limited allocation to emerging markets.

The fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.

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

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

Next, the research team focuses on foreign companies located principally in developed markets across Europe, Japan and Asia Pacific ex Japan.

The team seeks to identify attractive investment opportunities arising due to certain capital cycle, or supply-side conditions.

Capital cycle investing is based on the concept that the prospect of high returns will attract excessive capital and competition and the prospect of low returns will excessively depress new capital investments and discourage competition.

In addition, the team relies on fundamental analysis to evaluate businesses and the industry within which they operate.

Another important aspect of the analysis is the research meetings with company management teams.

When selecting securities for the portfolio, the team assesses if companies deploy capital efficiently, and/or company management teams are appropriately incentivized.

Other factors that the team focuses on are whether companies operate in a monopolistic, oligopolistic or consolidating industry.

In addition, the team determines if the companies are generating high and durable returns on invested capital, and attractive or improving free cash-flow.

Additionally, 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 maintains an aggregate portfolio that is broadly regionally neutral relative to the benchmark index.

The portfolio holds between 350 and 450 companies across Europe, Japan, the Pacific Basin and has a limited allocation to emerging markets.

The fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.

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

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

Next, the research team focuses on foreign companies located principally in developed markets across Europe, Japan and Asia Pacific ex Japan.

The team seeks to identify attractive investment opportunities arising due to certain capital cycle, or supply-side conditions.

Capital cycle investing is based on the concept that the prospect of high returns will attract excessive capital and competition and the prospect of low returns will excessively depress new capital investments and discourage competition.

In addition, the team relies on fundamental analysis to evaluate businesses and the industry within which they operate.

Another important aspect of the analysis is the research meetings with company management teams.

When selecting securities for the portfolio, the team assesses if companies deploy capital efficiently, and/or company management teams are appropriately incentivized.

Other factors that the team focuses on are whether companies operate in a monopolistic, oligopolistic or consolidating industry.

In addition, the team determines if the companies are generating high and durable returns on invested capital, and attractive or improving free cash-flow.

Additionally, 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 maintains an aggregate portfolio that is broadly regionally neutral relative to the benchmark index.

The portfolio holds between 350 and 450 companies across Europe, Japan, the Pacific Basin and has a limited allocation to emerging markets.

The fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.

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

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

Next, the research team focuses on foreign companies located principally in developed markets across Europe, Japan and Asia Pacific ex Japan.

The team seeks to identify attractive investment opportunities arising due to certain capital cycle, or supply-side conditions.

Capital cycle investing is based on the concept that the prospect of high returns will attract excessive capital and competition and the prospect of low returns will excessively depress new capital investments and discourage competition.

In addition, the team relies on fundamental analysis to evaluate businesses and the industry within which they operate.

Another important aspect of the analysis is the research meetings with company management teams.

When selecting securities for the portfolio, the team assesses if companies deploy capital efficiently, and/or company management teams are appropriately incentivized.

Other factors that the team focuses on are whether companies operate in a monopolistic, oligopolistic or consolidating industry.

In addition, the team determines if the companies are generating high and durable returns on invested capital, and attractive or improving free cash-flow.

Additionally, 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 maintains an aggregate portfolio that is broadly regionally neutral relative to the benchmark index.

The portfolio holds between 350 and 450 companies across Europe, Japan, the Pacific Basin and has a limited allocation to emerging markets.

The fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.

The fund seeks to appreciate capital by investing in large-size companies in developed and emerging markets of the world outside the United States.

The investment process focuses on large-size and well established companies with a proven track record of earnings and high return on capital and sustained business model.

The fund seeks to construct a diversified portfolio of high-quality companies with durable earnings growth but trading at reason prices to their long term intrinsic values.

The fund favors market leaders with clear competitive advantages relative to their peers that are well-managed and are financially strong.

The fund has about 14% allocation to Japan, 25% to developed countries in Europe and 21% to emerging markets.

The fund seeks to appreciate capital by investing in large-size companies in developed and emerging markets of the world outside the United States.

The investment process focuses on large-size and well established companies with a proven track record of earnings and high return on capital and sustained business model.

The fund seeks to construct a diversified portfolio of high-quality companies with durable earnings growth but trading at reason prices to their long term intrinsic values.

The fund favors market leaders with clear competitive advantages relative to their peers that are well-managed and are financially strong.

The fund has about 14% allocation to Japan, 25% to developed countries in Europe and 21% to emerging markets.

The fund seeks to appreciate capital by investing in large-size companies in developed and emerging markets of the world outside the United States.

The investment process focuses on large-size and well established companies with a proven track record of earnings and high return on capital and sustained business model.

The fund seeks to construct a diversified portfolio of high-quality companies with durable earnings growth but trading at reason prices to their long term intrinsic values.

The fund favors market leaders with clear competitive advantages relative to their peers that are well-managed and are financially strong.

The fund has about 14% allocation to Japan, 25% to developed countries in Europe and 21% to emerging markets.

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

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

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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.

According to the investment team, investments are deemed to be foreign if an issuer’s domicile or location of headquarters is in a foreign country.

The team also considers an issuer that derives a significant proportion of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country.

Also, investments are deemed to be foreign if the principal trading market for a security is located in a foreign country; or it is a foreign currency.

Next, the research team focuses on foreign equity securities.

The team employs a multiple sleeve structure to select potential securities for the portfolio. Each of these sleeves is managed independently of each other.

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 manager also may allocate a portion of the fund’s assets in securities that may complement the risk factor biases of the other sleeves.

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on securities, including non-dollar securities, of foreign issuers.

The team also focuses on underappreciated companies, improving return on capital, and securities that are lagging in market price for temporary reasons.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends.

In addition, 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 diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

Based on market or economic conditions, the fund may focus in one or more sectors of the market.

Additionally, the fund has the flexibility to invest across all market capitalizations, but invests primarily in mid and large capitalization companies.
 

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on non-U.S. issuers that exhibit capital growth potential.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of that country and is principally traded in that country.

The team also considers an issuer that is domiciled and has its principal place of business located in that country and is principally traded in that country.

Lastly, the team determines if the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team assesses a company’s potential for above average earnings growth, relative valuation, and whether a company has proprietary advantages.

Additionally, 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.

Also, the fund may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of 25% or the weight of emerging markets in the Index plus 10%.

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

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

Next, the research team focuses on securities of Japanese companies.

The team considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan.

In addition, the team prefers high-quality companies that are trading at attractive prices.

Also, the team looks for companies having a well-capitalized balance sheet with little debt, sustainable competitive advantage, high return on equity, above- average earnings growth rate, and superior cash flow generation.

The team also focuses on companies that are trading at a discount to their estimated intrinsic value and whose future earnings power is not reflected in their current valuations.

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

The fund may also invest in Japan real estate investment trusts or other investment companies including exchange traded funds that invest in equity securities of Japanese companies.
 

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

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

Next, the research team focuses on securities of Japanese companies.

The team considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan.

In addition, the team prefers high-quality companies that are trading at attractive prices.

Also, the team looks for companies having a well-capitalized balance sheet with little debt, sustainable competitive advantage, high return on equity, above- average earnings growth rate, and superior cash flow generation.

The team also focuses on companies that are trading at a discount to their estimated intrinsic value and whose future earnings power is not reflected in their current valuations.

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

The fund may also invest in Japan real estate investment trusts or other investment companies including exchange traded funds that invest in equity securities of Japanese companies.
 

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

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

Next, the research team focuses on companies based in developed markets outside the United States as well as in established companies in emerging and frontier markets.

Then the team favors well-managed companies with financial strength, and that are fast growing and very competitive in the marketplace.

Additionally, the team looks for companies that are trading at a discount 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 seeks to be diversified across dimensions of geography, industry, currency and market capitalization, in an effort to reduce its volatility.

Generally, the fund holds investments across at least 10 countries.

Also, the fund may invest in securities of U.S. companies that derive, or are expected to derive, a significant portion of their revenues from their foreign operations.
 

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

The team then prefers companies that have high or improving return on invested capital, superior management team and competitive position relative to peers and that are trading at attractive valuations.

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

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may invest up to 100% of its net assets in foreign securities.

Additionally, the fund has the flexibility to invest up to 20% of its net assets insecurities of issuers located in emerging markets countries.

Also, the fund invests across all market capitalizations, however a substantial number of the issuers in which it invests are large-capitalization issuers.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

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 quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.

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 across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

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 quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.

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 across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

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 quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.

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 across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

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 quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.

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 across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

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 quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.

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 across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index.

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

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

Next, the research team focuses on securities and depositary receipts of foreign issuers.

Then the team favors companies that demonstrate earnings or revenue growth potential.

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 quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.

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 across both developed and emerging markets.

Also, the fund provides exposure to investments that are economically tied to at least three different countries outside of the U.S.

In addition, the fund invests in China-A shares.

The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index.

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

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

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on the basis of current price to an estimated normal level of earnings.

Then the team narrows the investable universe to a list of companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that are trading at a substantial discount to their estimated intrinsic value with superior long-term growth potential.

In addition, the team evaluates a company’s financial health and business prospects, estimated earnings, and a competent management team.

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 generally holds 60 to 80 stocks on the basis of valuation, risk and diversification. 

From time to time, the fund may invest significantly in securities of companies in the same economic sector.

Generally, the manager invests up to 10% of the fund’s portfolio in emerging markets.

According to the investment team, a company is considered to be located in an emerging market country if it is organized under the laws of, or has a principal office in, an emerging country.

Other factors in consideration would be if it has a class of securities whose principal securities market is in an emerging country, or if it derives 50% or more of its total revenue from goods produced, sales made or services provided in one or more emerging countries, or if it maintains 50% or more of its assets in one or more emerging countries.

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

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

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on the basis of current price to an estimated normal level of earnings.

Then the team narrows the investable universe to a list of companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that are trading at a substantial discount to their estimated intrinsic value with superior long-term growth potential.

In addition, the team evaluates a company’s financial health and business prospects, estimated earnings, and a competent management team.

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 generally holds 60 to 80 stocks on the basis of valuation, risk and diversification. 

From time to time, the fund may invest significantly in securities of companies in the same economic sector.

Generally, the manager invests up to 10% of the fund’s portfolio in emerging markets.

According to the investment team, a company is considered to be located in an emerging market country if it is organized under the laws of, or has a principal office in, an emerging country.

Other factors in consideration would be if it has a class of securities whose principal securities market is in an emerging country, or if it derives 50% or more of its total revenue from goods produced, sales made or services provided in one or more emerging countries, or if it maintains 50% or more of its assets in one or more emerging countries.

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

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

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on the basis of current price to an estimated normal level of earnings.

Then the team narrows the investable universe to a list of companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that are trading at a substantial discount to their estimated intrinsic value with superior long-term growth potential.

In addition, the team evaluates a company’s financial health and business prospects, estimated earnings, and a competent management team.

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 generally holds 60 to 80 stocks on the basis of valuation, risk and diversification. 

From time to time, the fund may invest significantly in securities of companies in the same economic sector.

Generally, the manager invests up to 10% of the fund’s portfolio in emerging markets.

According to the investment team, a company is considered to be located in an emerging market country if it is organized under the laws of, or has a principal office in, an emerging country.

Other factors in consideration would be if it has a class of securities whose principal securities market is in an emerging country, or if it derives 50% or more of its total revenue from goods produced, sales made or services provided in one or more emerging countries, or if it maintains 50% or more of its assets in one or more emerging countries.

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

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

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on the basis of current price to an estimated normal level of earnings.

Then the team narrows the investable universe to a list of companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that are trading at a substantial discount to their estimated intrinsic value with superior long-term growth potential.

In addition, the team evaluates a company’s financial health and business prospects, estimated earnings, and a competent management team.

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 generally holds 60 to 80 stocks on the basis of valuation, risk and diversification. 

From time to time, the fund may invest significantly in securities of companies in the same economic sector.

Generally, the manager invests up to 10% of the fund’s portfolio in emerging markets.

According to the investment team, a company is considered to be located in an emerging market country if it is organized under the laws of, or has a principal office in, an emerging country.

Other factors in consideration would be if it has a class of securities whose principal securities market is in an emerging country, or if it derives 50% or more of its total revenue from goods produced, sales made or services provided in one or more emerging countries, or if it maintains 50% or more of its assets in one or more emerging countries.

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

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

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on the basis of current price to an estimated normal level of earnings.

Then the team narrows the investable universe to a list of companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that are trading at a substantial discount to their estimated intrinsic value with superior long-term growth potential.

In addition, the team evaluates a company’s financial health and business prospects, estimated earnings, and a competent management team.

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 generally holds 60 to 80 stocks on the basis of valuation, risk and diversification. 

From time to time, the fund may invest significantly in securities of companies in the same economic sector.

Generally, the manager invests up to 10% of the fund’s portfolio in emerging markets.

According to the investment team, a company is considered to be located in an emerging market country if it is organized under the laws of, or has a principal office in, an emerging country.

Other factors in consideration would be if it has a class of securities whose principal securities market is in an emerging country, or if it derives 50% or more of its total revenue from goods produced, sales made or services provided in one or more emerging countries, or if it maintains 50% or more of its assets in one or more emerging countries.

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

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

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on the basis of current price to an estimated normal level of earnings.

Then the team narrows the investable universe to a list of companies that are lagging in market price for temporary reasons and whose future earnings power is not reflected in their current valuations.

Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that are trading at a substantial discount to their estimated intrinsic value with superior long-term growth potential.

In addition, the team evaluates a company’s financial health and business prospects, estimated earnings, and a competent management team.

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 generally holds 60 to 80 stocks on the basis of valuation, risk and diversification. 

From time to time, the fund may invest significantly in securities of companies in the same economic sector.

Generally, the manager invests up to 10% of the fund’s portfolio in emerging markets.

According to the investment team, a company is considered to be located in an emerging market country if it is organized under the laws of, or has a principal office in, an emerging country.

Other factors in consideration would be if it has a class of securities whose principal securities market is in an emerging country, or if it derives 50% or more of its total revenue from goods produced, sales made or services provided in one or more emerging countries, or if it maintains 50% or more of its assets in one or more emerging countries.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

The fund seeks high total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on securities of foreign companies in a number of developed and emerging markets outside of the U.S.

The team defines foreign companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a majority of their revenue or profits, from businesses, investments or sales outside of the United States.

The team narrows the investable universe to a list of companies with estimated future free cash flow margins, returns on capital employed, low revenue growth that are overpriced.

Next, the team ranks securities on the basis of characteristics such as quality, growth, valuation, capital returns and earnings revisions.

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 a particular sector or sectors of the economy.

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 focuses on securities of foreign companies, including emerging market securities with prospects for capital growth.

The team seeks to identify foreign and emerging market companies with characteristics such as excellent growth, attractive valuation and improving profitability.

Also, the team favors companies with superior management teams, balance sheet strength, durable competitive advantages and positive fundamentals such as increasing revenues, cash flow and earnings.

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 may invest in foreign companies that are traded on U.S. stock exchanges or whose securities are available through the use of American Depositary Receipts.

Additionally, the fund may also invest in exchange-traded funds that invest primarily in foreign and emerging market equity securities.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies in foreign developed markets and, opportunistically, in emerging markets.

The team evaluates companies on the basis of factors, such as fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends.

Additionally, 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 manager may invest in at least three different countries other than the United States. However, the manager may invest a substantial part of its net assets in just one region or country.

The fund intends to invest in companies in the Far East (including Japan, Hong Kong, Singapore and Malaysia), Western Europe (including the United Kingdom, Germany, the Netherlands, France Switzerland, Italy, Scandinavia and Spain), Australia, and Canada.

Also, a substantial part of the fund’s net assets may be invested in U.S. companies based in countries that are represented in the benchmark index.

However, the fund may also invest in companies or governments in emerging markets.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies in foreign developed markets and, opportunistically, in emerging markets.

The team evaluates companies on the basis of factors, such as fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends.

Additionally, 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 manager may invest in at least three different countries other than the United States. However, the manager may invest a substantial part of its net assets in just one region or country.

The fund intends to invest in companies in the Far East (including Japan, Hong Kong, Singapore and Malaysia), Western Europe (including the United Kingdom, Germany, the Netherlands, France Switzerland, Italy, Scandinavia and Spain), Australia, and Canada.

Also, a substantial part of the fund’s net assets may be invested in U.S. companies based in countries that are represented in the benchmark index.

However, the fund may also invest in companies or governments in emerging markets.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies in foreign developed markets and, opportunistically, in emerging markets.

The team evaluates companies on the basis of factors, such as fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends.

Additionally, 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 manager may invest in at least three different countries other than the United States. However, the manager may invest a substantial part of its net assets in just one region or country.

The fund intends to invest in companies in the Far East (including Japan, Hong Kong, Singapore and Malaysia), Western Europe (including the United Kingdom, Germany, the Netherlands, France Switzerland, Italy, Scandinavia and Spain), Australia, and Canada.

Also, a substantial part of the fund’s net assets may be invested in U.S. companies based in countries that are represented in the benchmark index.

However, the fund may also invest in companies or governments in emerging markets.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies in foreign developed markets and, opportunistically, in emerging markets.

The team evaluates companies on the basis of factors, such as fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends.

Additionally, 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 manager may invest in at least three different countries other than the United States. However, the manager may invest a substantial part of its net assets in just one region or country.

The fund intends to invest in companies in the Far East (including Japan, Hong Kong, Singapore and Malaysia), Western Europe (including the United Kingdom, Germany, the Netherlands, France Switzerland, Italy, Scandinavia and Spain), Australia, and Canada.

Also, a substantial part of the fund’s net assets may be invested in U.S. companies based in countries that are represented in the benchmark index.

However, the fund may also invest in companies or governments in emerging markets.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies in foreign developed markets and, opportunistically, in emerging markets.

The team evaluates companies on the basis of factors, such as fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends.

Additionally, 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 manager may invest in at least three different countries other than the United States. However, the manager may invest a substantial part of its net assets in just one region or country.

The fund intends to invest in companies in the Far East (including Japan, Hong Kong, Singapore and Malaysia), Western Europe (including the United Kingdom, Germany, the Netherlands, France Switzerland, Italy, Scandinavia and Spain), Australia, and Canada.

Also, a substantial part of the fund’s net assets may be invested in U.S. companies based in countries that are represented in the benchmark index.

However, the fund may also invest in companies or governments in emerging markets.

The fund seeks total return by investing in companies across any size outside the United States.

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

Next, the research team focuses on companies in foreign developed markets and, opportunistically, in emerging markets.

The team evaluates companies on the basis of factors, such as fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends.

Additionally, 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 manager may invest in at least three different countries other than the United States. However, the manager may invest a substantial part of its net assets in just one region or country.

The fund intends to invest in companies in the Far East (including Japan, Hong Kong, Singapore and Malaysia), Western Europe (including the United Kingdom, Germany, the Netherlands, France Switzerland, Italy, Scandinavia and Spain), Australia, and Canada.

Also, a substantial part of the fund’s net assets may be invested in U.S. companies based in countries that are represented in the benchmark index.

However, the fund may also invest in companies or governments in emerging markets.

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

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

Next, the research team focuses on companies domiciled in foreign developed markets, including foreign subsidiaries of U.S. companies.

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 demonstrating long-term growth prospects.

Additionally, 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.

Within each sector, the manager looks to overweight securities of companies that are estimated to trade below their fair values.

The fund seeks to outperform the benchmark index, while maintaining similar sector, geographic and risk characteristics.

Additionally, the fund invests n issuers in at least three foreign countries. However, the fund may invest a substantial part of its net assets in just one country.

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

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

Next, the research team focuses on companies domiciled in foreign developed markets, including foreign subsidiaries of U.S. companies.

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 demonstrating long-term growth prospects.

Additionally, 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.

Within each sector, the manager looks to overweight securities of companies that are estimated to trade below their fair values.

The fund seeks to outperform the benchmark index, while maintaining similar sector, geographic and risk characteristics.

Additionally, the fund invests n issuers in at least three foreign countries. However, the fund may invest a substantial part of its net assets in just one country.

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

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

Next, the research team focuses on companies domiciled in foreign developed markets, including foreign subsidiaries of U.S. companies.

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 demonstrating long-term growth prospects.

Additionally, 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.

Within each sector, the manager looks to overweight securities of companies that are estimated to trade below their fair values.

The fund seeks to outperform the benchmark index, while maintaining similar sector, geographic and risk characteristics.

Additionally, the fund invests n issuers in at least three foreign countries. However, the fund may invest a substantial part of its net assets in just one country.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.

The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.

Further analysis of companies includes evaluation of their momentum and quality characteristics.

Additionally, 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 may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.

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

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

Next, the research team focuses on securities of non-US companies.

In addition, the team favors established companies in economically developed countries that are estimated to trade below their fair values based on their earnings, cash flow or asset values.

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 may invest in securities of companies whose principal business activities are located in emerging market countries.
 

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

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

Next, the research team focuses on securities of non-US companies.

In addition, the team favors established companies in economically developed countries that are estimated to trade below their fair values based on their earnings, cash flow or asset values.

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 may invest in securities of companies whose principal business activities are located in emerging market countries.
 

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

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

Next, the research team focuses on foreign companies located or operating in developed countries.

According to the team, a foreign company is one whose principal operations are located outside the U.S., or that is organized outside the U.S.

Also, the team considers a foreign company is one whose securities are principally traded outside of the U.S., and/or whose securities are quoted or denominated in a foreign currency.

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 typically holds between 60 and 80 securities of issuers located in at least three countries other than the U.S.

Additionally, the fund has the flexibility to invest up to 30% of its net assets in securities of companies whose principal business activities are located in emerging market countries.

The fund may also invest in debt securities, foreign money market instruments, and other income bearing securities as well as forward foreign currency exchange contracts and other derivative securities and contracts.

In addition, the fund may also invest in foreign debt and other income bearing securities.

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

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

Next, the research team focuses on foreign companies located or operating in developed countries.

According to the team, a foreign company is one whose principal operations are located outside the U.S., or that is organized outside the U.S.

Also, the team considers a foreign company is one whose securities are principally traded outside of the U.S., and/or whose securities are quoted or denominated in a foreign currency.

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 typically holds between 60 and 80 securities of issuers located in at least three countries other than the U.S.

Additionally, the fund has the flexibility to invest up to 30% of its net assets in securities of companies whose principal business activities are located in emerging market countries.

The fund may also invest in debt securities, foreign money market instruments, and other income bearing securities as well as forward foreign currency exchange contracts and other derivative securities and contracts.

In addition, the fund may also invest in foreign debt and other income bearing securities.

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

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

Next, the research team focuses on foreign companies located or operating in developed countries.

According to the team, a foreign company is one whose principal operations are located outside the U.S., or that is organized outside the U.S.

Also, the team considers a foreign company is one whose securities are principally traded outside of the U.S., and/or whose securities are quoted or denominated in a foreign currency.

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 typically holds between 60 and 80 securities of issuers located in at least three countries other than the U.S.

Additionally, the fund has the flexibility to invest up to 30% of its net assets in securities of companies whose principal business activities are located in emerging market countries.

The fund may also invest in debt securities, foreign money market instruments, and other income bearing securities as well as forward foreign currency exchange contracts and other derivative securities and contracts.

In addition, the fund may also invest in foreign debt and other income bearing securities.

The fund seeks long-term capital growth by investing in foreign companies.

The fund is sub-advised by MacKay Shields LLC with a focus on finding companies in developed and emerging regions of the world.

The investment process focuses on building a diversified portfolio across sectors, industries and countries to reduce risk. The research team looks for companies that are expected to provide higher total returns that the index. The fund holds a large number of companies based on the quantitative and qualitative model based signals for short periods.

Undervalued companies are owned in the fund and overvalued companies may be selected for short exposure. Net short position may total up to 40% of the fund’s total net assets.

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

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

Next, the research team focuses on foreign companies in industries around the world.

The fundamental investment approach combines top-down macro-economic analysis with bottom-up company and security analysis to identify attractive opportunities.

The top-down analysis begins with an assessment of macro-economic factors such as global and U.S. GDP levels and direction, interest rates, inflationary and deflationary forces, employment, fiscal and monetary policy.

Other factors in consideration would be the trade policy, currency movements, credit conditions, demographic trends, the regulatory environment, and the global competitive landscape.

Through this top-down analysis, the team seeks to identify the most attractive global investment opportunities, sector and industry trends, industry consolidation, and the sustainability of financial trends.

Next, the research process is driven by fundamental analysis of one stock at a time. In the bottom-up analysis, the research team focuses on companies that demonstrate earnings growth potential not yet recognized by the market.

The analysis also includes evaluating a company’s market share position; brand franchise, sustainability, and pricing power, scale and distribution, and fundamentals.

The analysis also considers whether a company is operated by management teams that are committed to shareholder interests, and looks for transformational catalysts such as a major new innovative product or new management team.

As part of the bottom-up analysis, the research team may communicate with a company’s management, and also prepare detailed earnings and cash flow models of certain 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 portfolio typically owns three types of companies, namely core growth, aggressive growth, and life cycle change.

According to the team, core growth companies are well-established seasoned companies with relatively predictable future earnings growth rates.

Aggressive growth companies are innovative companies that may produce rapidly accelerating earnings growth in excess of overall market performance.

Life cycle change companies are companies that are undergoing a positive transformational change in their business model that serve as a catalyst for substantially improved earnings growth in the future.

Also, the fund normally invests in the securities of issuers that are economically tied to one or more foreign countries, and may invest in securities of companies economically tied to emerging markets.

Some issuers or securities in the fund’s portfolio may be economically tied to the U.S.

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

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

Next, the research team focuses on companies located in Asia, which consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region.

According to the team, a company or other issuer is considered to be located in a country or a region, and a security or instrument is deemed to be an Asian security or instrument, if it has substantial ties to that country or region.

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 employs a strategy of owning convertible bonds and dividend-paying equities to reduce the volatility of the portfolio.

As part of its investment strategy, the fund may from time to time invest a significant portion of its net assets in one or more sectors, but the fund may invest in companies in any sector.

The fund may also invest in depositary receipts, including American, European and Global Depositary Receipts.

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

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

Next, the research team focuses on companies located in Asia, which consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region.

According to the team, a company or other issuer is considered to be located in a country or a region, and a security or instrument is deemed to be an Asian security or instrument, if it has substantial ties to that country or region.

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 employs a strategy of owning convertible bonds and dividend-paying equities to reduce the volatility of the portfolio.

As part of its investment strategy, the fund may from time to time invest a significant portion of its net assets in one or more sectors, but the fund may invest in companies in any sector.

The fund may also invest in depositary receipts, including American, European and Global Depositary Receipts.

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.

The strategy employs a growth-at-a-reasonable price style with a quality bias.

Next, the research team focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential, or that are estimated to trade below their fair values, or in a combination of growth and value companies.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers high quality, attractively valued 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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

The fund seeks to outperform the benchmark index over full market cycles.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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 focuses on foreign securities, including emerging market securities.

The team favors companies exhibiting above average earnings growth potential.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team prefers companies with good fundamentals, superior management teams, and a durable competitive advantage.

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.

Also, the fund invests its assets across different industries, sectors, countries, and regions, but may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region.

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

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

Next, the research team focuses on securities issued by non-US companies.

The team considers a company to be a non-U.S. company if at least 50% of the company’s assets are located outside of the U.S., or at least 50% of the company’s revenue or operating income is generated outside of the U.S., or the company is organized or maintains its principal place of business outside of the U.S.

In addition, the team considers companies that are trading at discounts to their estimated intrinsic values, with the potential to offer superior returns over a full market cycle.

Then the research team employs a dividend discount methodology to estimate companies’ future dividends and discounts them back to their present value.

Additionally, the 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 portfolio is diversified across country, sector, industry, and capitalization.

Also, the fund will invest in companies located in developed countries, but may invest up to 10% of its net assets in emerging market 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.

The research process is driven by fundamental analysis of one stock at a time.

Next, the research team focuses on high quality established and emerging companies located in Asia (excluding Japan) that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 American Depositary Receipts, Global Depositary Receipts and other types of depositary receipts with respect to issuers located in Asia.

Also, the fund invests in securities of companies located in China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand.

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.

The research process is driven by fundamental analysis of one stock at a time.

Next, the research team focuses on high quality established and emerging companies located in Asia (excluding Japan) that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 American Depositary Receipts, Global Depositary Receipts and other types of depositary receipts with respect to issuers located in Asia.

Also, the fund invests in securities of companies located in China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand.

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.

The research process is driven by fundamental analysis of one stock at a time.

Next, the research team focuses on high quality established and emerging companies located in Asia (excluding Japan) that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 American Depositary Receipts, Global Depositary Receipts and other types of depositary receipts with respect to issuers located in Asia.

Also, the fund invests in securities of companies located in China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand.

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.

The research process is driven by fundamental analysis of one stock at a time.

Next, the research team focuses on high quality established and emerging companies located in Asia (excluding Japan) that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 American Depositary Receipts, Global Depositary Receipts and other types of depositary receipts with respect to issuers located in Asia.

Also, the fund invests in securities of companies located in China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand.

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 focuses on high quality established companies on an international basis that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 foreign securities, which may include emerging market 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 focuses on high quality established companies on an international basis that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 foreign securities, which may include emerging market 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 focuses on high quality established companies on an international basis that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 foreign securities, which may include emerging market 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 focuses on high quality established companies on an international basis that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 foreign securities, which may include emerging market 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 focuses on high quality established companies on an international basis that are estimated to trade below their fair values.

The team favors companies with durable competitive advantages that can generate revenue through growth.

Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.

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 foreign securities, which may include emerging market securities.

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

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

Next, the research team focuses on attractively priced companies demonstrating the ability to generate sustainably high returns on capital.

Also, the team prefers companies with reasonable or improving fundamentals trading at discounts to their estimated intrinsic value.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team emphasizes companies exhibiting high or improving returns on operating capital employed and recurring cash flows.

In addition, the team focuses on companies with capable management teams that have a track record of disciplined capital allocation.

Additionally, the 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 seeks capital appreciation in the long term by investing in companies outside the United States.

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

Next, the research team focuses on attractively priced companies demonstrating the ability to generate sustainably high returns on capital.

Also, the team prefers companies with reasonable or improving fundamentals trading at discounts to their estimated intrinsic value.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team emphasizes companies exhibiting high or improving returns on operating capital employed and recurring cash flows.

In addition, the team focuses on companies with capable management teams that have a track record of disciplined capital allocation.

Additionally, the 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 seeks capital appreciation in the long term by investing in companies outside the United States.

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

Next, the research team focuses on attractively priced companies demonstrating the ability to generate sustainably high returns on capital.

Also, the team prefers companies with reasonable or improving fundamentals trading at discounts to their estimated intrinsic value.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team emphasizes companies exhibiting high or improving returns on operating capital employed and recurring cash flows.

In addition, the team focuses on companies with capable management teams that have a track record of disciplined capital allocation.

Additionally, the 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 seeks capital appreciation in the long term by investing in companies outside the United States.

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

Next, the research team focuses on attractively priced companies demonstrating the ability to generate sustainably high returns on capital.

Also, the team prefers companies with reasonable or improving fundamentals trading at discounts to their estimated intrinsic value.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team emphasizes companies exhibiting high or improving returns on operating capital employed and recurring cash flows.

In addition, the team focuses on companies with capable management teams that have a track record of disciplined capital allocation.

Additionally, the 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 seeks capital appreciation in the long term by investing in companies outside the United States.

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

Next, the research team focuses on attractively priced companies demonstrating the ability to generate sustainably high returns on capital.

Also, the team prefers companies with reasonable or improving fundamentals trading at discounts to their estimated intrinsic value.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team emphasizes companies exhibiting high or improving returns on operating capital employed and recurring cash flows.

In addition, the team focuses on companies with capable management teams that have a track record of disciplined capital allocation.

Additionally, the 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 seeks to appreciate capital through investing in foreign companies in the developed and emerging markets.

The investment process starts with companies with market capitalization of more than $2.5 billion and then applies financial screens to narrow the list of stocks that are lagging their estimated long term valuation.

The research team then considers local and regional market conditions, political climate and business dynamics to prepare a list with a potential to create shareholder valuations. The fund allocates about 25% of its assets in top 10 holdings.

The fund seeks to appreciate capital through investing in foreign companies in the developed and emerging markets.

The investment process starts with companies with market capitalization of more than $2.5 billion and then applies financial screens to narrow the list of stocks that are lagging their estimated long term valuation.

The research team then considers local and regional market conditions, political climate and business dynamics to prepare a list with a potential to create shareholder valuations. The fund allocates about 25% of its assets in top 10 holdings.

The fund seeks to appreciate capital through investing in foreign companies in the developed and emerging markets.

The investment process starts with companies with market capitalization of more than $2.5 billion and then applies financial screens to narrow the list of stocks that are lagging their estimated long term valuation.

The research team then considers local and regional market conditions, political climate and business dynamics to prepare a list with a potential to create shareholder valuations. The fund allocates about 25% of its assets in top 10 holdings.

The fund seeks to appreciate capital through investing in foreign companies in the developed and emerging markets.

The investment process starts with companies with market capitalization of more than $2.5 billion and then applies financial screens to narrow the list of stocks that are lagging their estimated long term valuation.

The research team then considers local and regional market conditions, political climate and business dynamics to prepare a list with a potential to create shareholder valuations. The fund allocates about 25% of its assets in top 10 holdings.

The fund seeks to appreciate capital through investing in foreign companies in the developed and emerging markets.

The investment process starts with companies with market capitalization of more than $2.5 billion and then applies financial screens to narrow the list of stocks that are lagging their estimated long term valuation.

The research team then considers local and regional market conditions, political climate and business dynamics to prepare a list with a potential to create shareholder valuations. The fund allocates about 25% of its assets in top 10 holdings.

The fund seeks to appreciate capital through investing in foreign companies in the developed and emerging markets.

The investment process starts with companies with market capitalization of more than $2.5 billion and then applies financial screens to narrow the list of stocks that are lagging their estimated long term valuation.

The research team then considers local and regional market conditions, political climate and business dynamics to prepare a list with a potential to create shareholder valuations. The fund allocates about 25% of its assets in top 10 holdings.

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in mid-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.

The fund employs a passive management or indexing strategy to track the performance of the benchmark index.

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

Next, the research team focuses on issuers organized or operating in developed market countries around the world excluding the U.S. and Canada that have high sustainability or environmental, social and governance ratings relative to their sector and industry group peers.

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

In addition, the fund seeks to replicate the concentration of the benchmark index, concentrating its investments in the same industry or group of industries.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents, and stocks not included in the benchmark index.

The fund may invest in American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts.

Additionally, the fund avoids companies that are significantly involved in the extraction and/or refining of fossil fuels.
 

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in mid-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.

The fund employs a passive management or indexing strategy to track the performance of the benchmark index.

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

Next, the research team focuses on issuers organized or operating in developed market countries around the world excluding the U.S. and Canada that have high sustainability or environmental, social and governance ratings relative to their sector and industry group peers.

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

In addition, the fund seeks to replicate the concentration of the benchmark index, concentrating its investments in the same industry or group of industries.

Also, the fund may invest up to 20% of its net assets in certain futures, options and swap contracts, cash and cash equivalents, and stocks not included in the benchmark index.

The fund may invest in American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts.

Additionally, the fund avoids companies that are significantly involved in the extraction and/or refining of fossil fuels.
 

The fund seeks to invest in large cap companies around the world outside the United States.

The investment process looks to identify companies that have developed a durable earnings profile, have strong balance sheet and are generating high return of capital.

Portfolio consists of 30 companies with attractive business and financial fundamentals and the companies may remain in fund as long as a decade. Currently fund is invested in high growth companies in clinical research outsourcing, innovative pharmaceutical makers, e-commerce and social networking companies in China.

Fund invests about 65% of its assets in Europe, 25% in Asia outside of Japan and nearly 2% in Africa and Latin America each.

The fund seeks to invest in large cap companies around the world outside the United States.

The investment process looks to identify companies that have developed a durable earnings profile, have strong balance sheet and are generating high return of capital.

Portfolio consists of 30 companies with attractive business and financial fundamentals and the companies may remain in fund as long as a decade. Currently fund is invested in high growth companies in clinical research outsourcing, innovative pharmaceutical makers, e-commerce and social networking companies in China.

Fund invests about 65% of its assets in Europe, 25% in Asia outside of Japan and nearly 2% in Africa and Latin America each.

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 securities of foreign 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 fund typically invests in foreign securities of more than 10 countries.

However, the fund has no limitation on the percentage of its net assets that is invested in each country or denominated in any currency.

Also, the fund favors securities of corporations of developed areas, such as Japan, Western Europe, Canada, Australia, and New Zealand.

The fund invests in securities regardless of style (growth or value).
 

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 securities of foreign 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 fund typically invests in foreign securities of more than 10 countries.

However, the fund has no limitation on the percentage of its net assets that is invested in each country or denominated in any currency.

Also, the fund favors securities of corporations of developed areas, such as Japan, Western Europe, Canada, Australia, and New Zealand.

The fund invests in securities regardless of style (growth or value).
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 focuses on companies whose principal offices are located in Europe and whose securities are traded on U.S. exchanges as depositary receipts or ordinary shares.

The team emphasizes companies that demonstrate the ability to generate returns 

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 concentrate its investments in a particular industry or group of industries, country or region to approximately the same extent the Index is so concentrated or focused.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses 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 focuses on companies whose principal offices are located in Europe and whose securities are traded on U.S. exchanges as depositary receipts or ordinary shares.

The team emphasizes companies that demonstrate the ability to generate returns 

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 concentrate its investments in a particular industry or group of industries, country or region to approximately the same extent the Index is so concentrated or focused.
 

The fund seeks capital growth by investing in companies in international markets outside the United States. The fund primarily invests in developed regions but may consider investing in emerging markets.

The fund invests in large-size companies that are estimated to trade cheaper than the market or peers for temporary reasons or out of favor with investors or offering simply a better relative value.

The value-analysis focused investment process is designed to identify companies that are financially strong but suffering from the lack of investor interest or are undergoing financial, management, or product portfolio change that may have interrupted historic growth.

The stocks may be out of favor because of the industry it participates in or are simply lagging compared to its peers because of investor apathy or lack of understanding of the business model.

The fund has the flexibility to invest in the benchmark companies but generally invests in large-size companies above the market capitalization of $20 billion.

The fund seeks capital growth by investing in companies in international markets outside the United States. The fund primarily invests in developed regions but may consider investing in emerging markets.

The fund invests in large-size companies that are estimated to trade cheaper than the market or peers for temporary reasons or out of favor with investors or offering simply a better relative value.

The value-analysis focused investment process is designed to identify companies that are financially strong but suffering from the lack of investor interest or are undergoing financial, management, or product portfolio change that may have interrupted historic growth.

The stocks may be out of favor because of the industry it participates in or are simply lagging compared to its peers because of investor apathy or lack of understanding of the business model.

The fund has the flexibility to invest in the benchmark companies but generally invests in large-size companies above the market capitalization of $20 billion.

The fund seeks capital growth by investing in companies in international markets outside the United States. The fund primarily invests in developed regions but may consider investing in emerging markets.

The fund invests in large-size companies that are estimated to trade cheaper than the market or peers for temporary reasons or out of favor with investors or offering simply a better relative value.

The value-analysis focused investment process is designed to identify companies that are financially strong but suffering from the lack of investor interest or are undergoing financial, management, or product portfolio change that may have interrupted historic growth.

The stocks may be out of favor because of the industry it participates in or are simply lagging compared to its peers because of investor apathy or lack of understanding of the business model.

The fund has the flexibility to invest in the benchmark companies but generally invests in large-size companies above the market capitalization of $20 billion.

The fund seeks capital growth by investing in companies in international markets outside the United States. The fund primarily invests in developed regions but may consider investing in emerging markets.

The fund invests in large-size companies that are estimated to trade cheaper than the market or peers for temporary reasons or out of favor with investors or offering simply a better relative value.

The value-analysis focused investment process is designed to identify companies that are financially strong but suffering from the lack of investor interest or are undergoing financial, management, or product portfolio change that may have interrupted historic growth.

The stocks may be out of favor because of the industry it participates in or are simply lagging compared to its peers because of investor apathy or lack of understanding of the business model.

The fund has the flexibility to invest in the benchmark companies but generally invests in large-size companies above the market capitalization of $20 billion.

The fund seeks capital growth by investing in companies in international markets outside the United States. The fund primarily invests in developed regions but may consider investing in emerging markets.

The fund invests in large-size companies that are estimated to trade cheaper than the market or peers for temporary reasons or out of favor with investors or offering simply a better relative value.

The value-analysis focused investment process is designed to identify companies that are financially strong but suffering from the lack of investor interest or are undergoing financial, management, or product portfolio change that may have interrupted historic growth.

The stocks may be out of favor because of the industry it participates in or are simply lagging compared to its peers because of investor apathy or lack of understanding of the business model.

The fund has the flexibility to invest in the benchmark companies but generally invests in large-size companies above the market capitalization of $20 billion.

The fund seeks capital growth by investing in companies in international markets outside the United States. The fund primarily invests in developed regions but may consider investing in emerging markets.

The fund invests in large-size companies that are estimated to trade cheaper than the market or peers for temporary reasons or out of favor with investors or offering simply a better relative value.

The value-analysis focused investment process is designed to identify companies that are financially strong but suffering from the lack of investor interest or are undergoing financial, management, or product portfolio change that may have interrupted historic growth.

The stocks may be out of favor because of the industry it participates in or are simply lagging compared to its peers because of investor apathy or lack of understanding of the business model.

The fund has the flexibility to invest in the benchmark companies but generally invests in large-size companies above the market capitalization of $20 billion.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in 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 investable opportunities.

Next, the research team relies on fundamental analysis to look for developed international companies.

The research team also utilizes a sampling methodology to evaluate a company’s performance attributes, tax considerations, capitalization, dividend yield, price/earnings ratio, industry factors, risk factors and other characteristics.

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 a significant portion of its net assets in depositary receipts representing securities of the index; which may be in the form of American Depositary Receipts), Global Depositary Receipts and European Depositary Receipts.

Also, the fund may invest up to 10% of its net assets in securities not included in the index.

The fund may also invest in cash and cash equivalents, including money market funds, and may lend its securities.
 

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

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

Next, the research team focuses on stocks of companies domiciled outside the United States.

In selecting securities for the portfolio, the team selects countries or regions that exhibit positive economic trends, earnings outlook, liquidity within the market, fiscal & monetary policy, currency exchange rate expectations, investment valuation, market sentiment, and social & political trends.

Also, the team favors industries and sectors that exhibit above-average earnings growth prospects.

Within the selected industries and sectors, the team invests in foreign growth-oriented companies that exhibit the potential for superior growth.

In addition, the team evaluates companies on the basis of attributes such as unique product or service, growing product demand, dominant and growing market share, management experience and capabilities, and superior financial condition.

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

The fund invests in stocks of issuers domiciled in at least three foreign countries.

Additionally, the fund may also invest in depository receipts, including American Depositary Receipts, European Depository Receipts and Global Depository Receipts.

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

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

Next, the research team focuses on companies located in both developed and emerging market countries outside the U.S.

According to the investment team, an issuer is considered to be located outside the U.S. if at least 50% of its revenues or profits are from business activities located outside the U.S., or at least 50% of its assets are located outside the U.S., or the principal trading market for its securities is located outside the U.S.

The team emphasizes companies that are estimated to trade below their fair values and whose future growth potential is not reflected in their current valuations.

In selecting securities for the portfolio, the research team focuses on companies showing potential for significant business improvement with financial strength and sufficient liquidity.

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 may also use various types of derivative instruments (primarily futures contracts) to gain or hedge exposure to certain types of securities.

However, the fund's net assets are invested in securities of foreign (non-U.S.) companies representing at least three different countries.

Also, at times a significant amount of the fund's net assets may be invested in a single country or region.

The fund also may invest to a lesser extent in debt securities and may invest in securities of companies located in the U.S.

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

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

Next, the research team focuses on companies located in both developed and emerging market countries outside the U.S.

According to the investment team, an issuer is considered to be located outside the U.S. if at least 50% of its revenues or profits are from business activities located outside the U.S., or at least 50% of its assets are located outside the U.S., or the principal trading market for its securities is located outside the U.S.

The team emphasizes companies that are estimated to trade below their fair values and whose future growth potential is not reflected in their current valuations.

In selecting securities for the portfolio, the research team focuses on companies showing potential for significant business improvement with financial strength and sufficient liquidity.

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 may also use various types of derivative instruments (primarily futures contracts) to gain or hedge exposure to certain types of securities.

However, the fund's net assets are invested in securities of foreign (non-U.S.) companies representing at least three different countries.

Also, at times a significant amount of the fund's net assets may be invested in a single country or region.

The fund also may invest to a lesser extent in debt securities and may invest in securities of companies located in the U.S.

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

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

Next, the research team focuses on stocks of established, non-U.S. companies.

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

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

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

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

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

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

However, country allocation is driven largely by stock selection.

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

The fund normally invests in at least five countries.

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

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

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

Next, the research team focuses on stocks of established, non-U.S. companies.

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

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

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

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

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

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

However, country allocation is driven largely by stock selection.

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

The fund normally invests in at least five countries.

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

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

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

Next, the research team focuses on stocks of established, non-U.S. companies.

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

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

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

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

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

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

However, country allocation is driven largely by stock selection.

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

The fund normally invests in at least five countries.

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

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

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

Next, the research team focuses on stocks of established, non-U.S. companies.

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

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

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

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

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

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