The fund seeks capital appreciation 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 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 fund invests in companies located in foreign developed countries.

However, 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 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 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 fund invests in companies located in foreign developed countries.

However, 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 small-and mid-size companies outside the United States.

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

Next, the research team relies on fundamental bottom-up research to look for companies that capitalize on market inefficiencies.

Other attributes the team considers are a company’s business model with identifiable competitive advantages/barriers to entry, a scalable market opportunity, balance sheet strength, and a capable management team with a track record of good capital allocation.

In addition, the team seeks companies that are high or improving in quality.

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 portfolio holds stocks of companies in developed countries but may invest in any geographic region of the world in at least three different countries.

Also, the fund may invest up to 20% of its net assets in securities of issuers in emerging market countries.

The fund may also invest in real estate investment trusts, and invests no more than 20% of its net assets in U.S. companies.
 

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

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

Next, the research team relies on fundamental bottom-up research to look for companies that capitalize on market inefficiencies.

Other attributes the team considers are a company’s business model with identifiable competitive advantages/barriers to entry, a scalable market opportunity, balance sheet strength, and a capable management team with a track record of good capital allocation.

In addition, the team seeks companies that are high or improving in quality.

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 portfolio holds stocks of companies in developed countries but may invest in any geographic region of the world in at least three different countries.

Also, the fund may invest up to 20% of its net assets in securities of issuers in emerging market countries.

The fund may also invest in real estate investment trusts, and invests no more than 20% of its net assets in U.S. companies.
 

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

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

Next, the research team relies on fundamental bottom-up research to look for companies that capitalize on market inefficiencies.

Other attributes the team considers are a company’s business model with identifiable competitive advantages/barriers to entry, a scalable market opportunity, balance sheet strength, and a capable management team with a track record of good capital allocation.

In addition, the team seeks companies that are high or improving in quality.

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 portfolio holds stocks of companies in developed countries but may invest in any geographic region of the world in at least three different countries.

Also, the fund may invest up to 20% of its net assets in securities of issuers in emerging market countries.

The fund may also invest in real estate investment trusts, and invests no more than 20% of its net assets in U.S. companies.
 

The fund seeks capital appreciation 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 securities of non-U.S. companies with excellent potential for growth.

The team looks to invest in companies from both developed and emerging market countries.

Also, the team prefers companies that are estimated to trade below their fair values relative to their assets or attractively priced relative to their growth prospects.

In addition, the team emphasizes companies with specialized products, technologies or services with experienced management teams and leading market shares.

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

The portfolio holds approximately between 50 and 150 securities across more than 20 developed and emerging market countries.

Additionally, the fund may invest in depositary receipts, real estate investment trusts, exchange-traded funds, derivative contracts and hybrid investments.

The fund seeks capital appreciation 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 securities of non-U.S. companies with excellent potential for growth.

The team looks to invest in companies from both developed and emerging market countries.

Also, the team prefers companies that are estimated to trade below their fair values relative to their assets or attractively priced relative to their growth prospects.

In addition, the team emphasizes companies with specialized products, technologies or services with experienced management teams and leading market shares.

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

The portfolio holds approximately between 50 and 150 securities across more than 20 developed and emerging market countries.

Additionally, the fund may invest in depositary receipts, real estate investment trusts, exchange-traded funds, derivative contracts and hybrid investments.

The fund seeks capital appreciation 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 securities of non-U.S. companies with excellent potential for growth.

The team looks to invest in companies from both developed and emerging market countries.

Also, the team prefers companies that are estimated to trade below their fair values relative to their assets or attractively priced relative to their growth prospects.

In addition, the team emphasizes companies with specialized products, technologies or services with experienced management teams and leading market shares.

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

The portfolio holds approximately between 50 and 150 securities across more than 20 developed and emerging market countries.

Additionally, the fund may invest in depositary receipts, real estate investment trusts, exchange-traded funds, derivative contracts and hybrid investments.

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 securities of Japanese issuers and other investments that are tied economically to Japan.

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 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 securities of Japanese issuers and other investments that are tied economically to Japan.

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 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 securities of Japanese issuers and other investments that are tied economically to Japan.

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 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 securities of Japanese issuers and other investments that are tied economically to Japan.

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

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

Next, the research team focuses on securities of Japanese issuers, and other investments that are tied economically to Japan.

The team focuses on companies that are mispriced and looks to capitalize on these opportunities.

Also, the team prefers companies with stable returns on capital, sustainable competitive advantages, superior free cash flow and attractive reinvestment opportunities.

The research team also favors companies with high shareholder remuneration via dividends and/or share buybacks.

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 looks to purchase high-quality companies below their estimated fair value that can generate excess return, and help manage risk, over a full market cycle.
 

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

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

Next, the research team focuses on securities of non-U.S. issuers.

The team focuses on companies that derive a majority of their revenues or profits from, or have a majority of their assets in, a country or countries other than the U.S.

The team favors companies demonstrating favorable valuations and/or measurements of price behavior and trading volume.

In addition, the team assesses stocks on the basis of the relationship between its current market price and the present value of estimated expected future cash flows per share.

Other valuation measures include current dividend yield and ratios of stock price to earnings and stock price to revenue relative to estimated future growth of cash flows.

Additionally, the team considers metrics such as a company’s financial stability and balance sheet strength.

Then the 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 manager emphasizes on the protection of capital during unfavorable market conditions.

The fund invests in securities issued by companies in developed countries, but may also invest in emerging markets in developing countries.

Also, the fund may invest in American Depositary Receipts listed on U.S. stock exchanges and depositary receipts listed on foreign stock exchanges.
 

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation 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 companies whose securities may be traded on U.S. or non-U.S. securities exchanges, and may include American Depositary Receipts and other similar depositary receipts.

The research team considers value and growth companies that are estimated to trade below their fair values relative to their fundamentals.

According to the research team, value companies are those that are trading at a discount to their estimated intrinsic value with capital appreciation potential.

The team also considers growth companies that demonstrate accelerated earnings and profit 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.

In addition, the fund may invest up to 15% of its net assets in securities of foreign companies that are traded primarily on securities markets or exchanges located in emerging market countries.

The fund also may invest in U.S. companies.

The fund seeks capital appreciation by investing in small- and mid-size companies in developed non-U.S. markets.

The research process is driven by fundamental analysis of one stock at a time. The process is designed to focus on companies with established and sustainable business models, attractive earnings growth, and depressed stock prices.

The stock may be out of favor with investors for temporary reasons due to the cyclical nature of the industry or company undergoing transformation.

The investment team attempts to build a portfolio that is differentiated from its benchmark index with a long-term investment horizon.

The fund is geographically diversified and investments in Japan, U.K., France, and Canada account for 60% of total assets.

The fund seeks capital appreciation by investing in small- and mid-size companies in developed non-U.S. markets.

The research process is driven by fundamental analysis of one stock at a time. The process is designed to focus on companies with established and sustainable business models, attractive earnings growth, and depressed stock prices.

The stock may be out of favor with investors for temporary reasons due to the cyclical nature of the industry or company undergoing transformation.

The investment team attempts to build a portfolio that is differentiated from its benchmark index with a long-term investment horizon.

The fund is geographically diversified and investments in Japan, U.K., France, and Canada account for 60% of total assets.

The fund seeks capital appreciation by investing in small- and mid-size companies in developed non-U.S. markets.

The research process is driven by fundamental analysis of one stock at a time. The process is designed to focus on companies with established and sustainable business models, attractive earnings growth, and depressed stock prices.

The stock may be out of favor with investors for temporary reasons due to the cyclical nature of the industry or company undergoing transformation.

The investment team attempts to build a portfolio that is differentiated from its benchmark index with a long-term investment horizon.

The fund is geographically diversified and investments in Japan, U.K., France, and Canada account for 60% of total assets.

The fund seeks capital appreciation by investing in small- and mid-size companies in developed non-U.S. markets.

The research process is driven by fundamental analysis of one stock at a time. The process is designed to focus on companies with established and sustainable business models, attractive earnings growth, and depressed stock prices.

The stock may be out of favor with investors for temporary reasons due to the cyclical nature of the industry or company undergoing transformation.

The investment team attempts to build a portfolio that is differentiated from its benchmark index with a long-term investment horizon.

The fund is geographically diversified and investments in Japan, U.K., France, and Canada account for 60% of total assets.

The fund seeks capital appreciation by investing in small- and mid-size companies in developed non-U.S. markets.

The research process is driven by fundamental analysis of one stock at a time. The process is designed to focus on companies with established and sustainable business models, attractive earnings growth, and depressed stock prices.

The stock may be out of favor with investors for temporary reasons due to the cyclical nature of the industry or company undergoing transformation.

The investment team attempts to build a portfolio that is differentiated from its benchmark index with a long-term investment horizon.

The fund is geographically diversified and investments in Japan, U.K., France, and Canada account for 60% of total assets.

The fund seeks capital appreciation by investing in small- and mid-size companies in developed non-U.S. markets.

The research process is driven by fundamental analysis of one stock at a time. The process is designed to focus on companies with established and sustainable business models, attractive earnings growth, and depressed stock prices.

The stock may be out of favor with investors for temporary reasons due to the cyclical nature of the industry or company undergoing transformation.

The investment team attempts to build a portfolio that is differentiated from its benchmark index with a long-term investment horizon.

The fund is geographically diversified and investments in Japan, U.K., France, and Canada account for 60% of total assets.