The fund seeks capital appreciation by investing in companies in international markets.

The fund focuses primarily in developed regions of the world and secondarily in emerging markets. The fund starts with a list of companies in the benchmark index and then narrows the investable list to a smaller number that meet earnings, growth and return on equity criteria.

The research team then calculates intrinsic valuation for companies using qualitative analysis and future growth outlook. The team selects companies with attractive business models, proven track earnings record and trading at attractive discounts to intrinsic valuation.

The fund favors companies that are priced low in relation to their perceived long-term earnings power.

The fund seeks capital appreciation by investing in companies in international markets.

The fund focuses primarily in developed regions of the world and secondarily in emerging markets. The fund starts with a list of companies in the benchmark index and then narrows the investable list to a smaller number that meet earnings, growth and return on equity criteria.

The research team then calculates intrinsic valuation for companies using qualitative analysis and future growth outlook. The team selects companies with attractive business models, proven track earnings record and trading at attractive discounts to intrinsic valuation.

The fund favors companies that are priced low in relation to their perceived long-term earnings power.

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

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

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

In addition, the process also considers factors such as risk management, transaction costs, and liquidity management.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

In addition, the process also considers factors such as risk management, transaction costs, and liquidity management.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

In addition, the process also considers factors such as risk management, transaction costs, and liquidity management.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

In addition, the process also considers factors such as risk management, transaction costs, and liquidity management.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

In addition, the process also considers factors such as risk management, transaction costs, and liquidity management.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

In addition, the process also considers factors such as risk management, transaction costs, and liquidity management.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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 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 employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

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 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.

Then the research team employs a proprietary expected returns model to rank the companies from most attractive to least attractive.

Next, the team narrows the investable universe to a list of companies that demonstrate an optimal balance between risk and estimated return.

Also, as part of its process, the team emphasizes companies that are estimated to trade below their fair values. The team believes companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because it has been overlooked by the market.

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

Generally, the manager invests across different countries and geographic regions, but may invest a significant portion of assets in one country or region when consistent with the fund’s investment process.

The manager invests in securities of issuers from a minimum of three countries outside the United States.

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

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 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 calculates the estimated intrinsic value of a company on the basis of factors such as a company’s earnings, cash flow generation, and/or asset value of the underlying business.

Then the 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 companies located in at least three countries outside the United States.

The fund may invest up to 30% of its net assets in companies located in emerging markets including frontier markets.

Additionally, the fund may invest up to 5% of its net assets in any one company. From time to time, the fund may invest more than 20% of its net assets in any market sector, such as the financial sector.

The fund may invest in companies located around the world.

Also, the fund may invest from time to time in cash or short-term cash equivalent securities either as part of its overall investment strategy or for temporary defensive purposes in response to adverse market, economic, political or other conditions.
 

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 calculates the estimated intrinsic value of a company on the basis of factors such as a company’s earnings, cash flow generation, and/or asset value of the underlying business.

Then the 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 companies located in at least three countries outside the United States.

The fund may invest up to 30% of its net assets in companies located in emerging markets including frontier markets.

Additionally, the fund may invest up to 5% of its net assets in any one company. From time to time, the fund may invest more than 20% of its net assets in any market sector, such as the financial sector.

The fund may invest in companies located around the world.

Also, the fund may invest from time to time in cash or short-term cash equivalent securities either as part of its overall investment strategy or for temporary defensive purposes in response to adverse market, economic, political or other conditions.
 

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 calculates the estimated intrinsic value of a company on the basis of factors such as a company’s earnings, cash flow generation, and/or asset value of the underlying business.

Then the 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 companies located in at least three countries outside the United States.

The fund may invest up to 30% of its net assets in companies located in emerging markets including frontier markets.

Additionally, the fund may invest up to 5% of its net assets in any one company. From time to time, the fund may invest more than 20% of its net assets in any market sector, such as the financial sector.

The fund may invest in companies located around the world.

Also, the fund may invest from time to time in cash or short-term cash equivalent securities either as part of its overall investment strategy or for temporary defensive purposes in response to adverse market, economic, political or other conditions.
 

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 calculates the estimated intrinsic value of a company on the basis of factors such as a company’s earnings, cash flow generation, and/or asset value of the underlying business.

Then the 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 companies located in at least three countries outside the United States.

The fund may invest up to 30% of its net assets in companies located in emerging markets including frontier markets.

Additionally, the fund may invest up to 5% of its net assets in any one company. From time to time, the fund may invest more than 20% of its net assets in any market sector, such as the financial sector.

The fund may invest in companies located around the world.

Also, the fund may invest from time to time in cash or short-term cash equivalent securities either as part of its overall investment strategy or for temporary defensive purposes in response to adverse market, economic, political or other conditions.
 

The fund seeks capital appreciation in the long term and 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.

The strategy looks for companies in developed countries outside the U.S.

The investment team focuses on companies in a number of foreign countries and invests the majority of the fund’s net assets in companies that pay dividends or repurchase their shares.

Next, the research team prefers companies that are trading at a discount to their estimated intrinsic value and are out of favor with investors.

In addition, the team looks for companies that are inexpensive on the basis of earnings, book value, and cash flow, as well as focuses on attributes such as financial strength and high yield.

The fundamental research includes company-specific research, company visits, and interviews of suppliers, customers, competitors, industry analysts, and experts.

Then the 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 up to 15% of its net assets in companies in emerging (less developed) markets.

Also, the fund is not limited to investing a maximum amount in companies in any particular country.

The fund seeks capital appreciation in the long term and 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.

The strategy looks for companies in developed countries outside the U.S.

The investment team focuses on companies in a number of foreign countries and invests the majority of the fund’s net assets in companies that pay dividends or repurchase their shares.

Next, the research team prefers companies that are trading at a discount to their estimated intrinsic value and are out of favor with investors.

In addition, the team looks for companies that are inexpensive on the basis of earnings, book value, and cash flow, as well as focuses on attributes such as financial strength and high yield.

The fundamental research includes company-specific research, company visits, and interviews of suppliers, customers, competitors, industry analysts, and experts.

Then the 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 up to 15% of its net assets in companies in emerging (less developed) markets.

Also, the fund is not limited to investing a maximum amount in companies in any particular country.

The fund seeks 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 looks to invest in companies, in both developed and emerging market countries.

Then the 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 diversified portfolio holds securities of foreign companies, and seeks geographical diversification by region and country.
 

The fund seeks 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 looks to invest in companies, in both developed and emerging market countries.

Then the 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 diversified portfolio holds securities of foreign companies, and seeks geographical diversification by region and country.
 

The fund seeks 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 looks to invest in companies, in both developed and emerging market countries.

Then the 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 diversified portfolio holds securities of foreign companies, and seeks geographical diversification by region and country.
 

The fund seeks 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 looks to invest in companies, in both developed and emerging market countries.

Then the 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 diversified portfolio holds securities of foreign companies, and seeks geographical diversification by region and country.
 

The fund seeks 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 looks to invest in companies, in both developed and emerging market countries.

Then the 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 diversified portfolio holds securities of foreign companies, and seeks geographical diversification by region and 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.

Then the 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

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 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 manager invests in foreign companies in at least three countries, other than the United States, at any one time and may not invest more than 20% of its net assets in emerging markets.

Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services sector.

The fund invests up to the greater of 20% of its net assets in a single country or industry, or 150% of the weighting of a single country or industry in the benchmark index.
 

The fund seeks to invest in international companies that are out-of-favor with investors and have potential for improvement.

Investment process relies on fundamental research in discovering companies outside of the United States that are facing temporary problems or are in industries that may be of out of favor with investors.

The fund may concentrate investing in consumer staples sector; the makers and distributors of household goods and services such as food, beverages, tobacco, personal products and services.

The concentrated fund generally holds less than 30 stocks and holdings in France, Japan, Switzerland and Germany account for 65% of total assets. The active investment style generates high portfolio turnover that may lead to significant tax impact to investors.

The fund seeks to invest in international companies that are out-of-favor with investors and have potential for improvement.

Investment process relies on fundamental research in discovering companies outside of the United States that are facing temporary problems or are in industries that may be of out of favor with investors.

The fund may concentrate investing in consumer staples sector; the makers and distributors of household goods and services such as food, beverages, tobacco, personal products and services.

The concentrated fund generally holds less than 30 stocks and holdings in France, Japan, Switzerland and Germany account for 65% of total assets. The active investment style generates high portfolio turnover that may lead to significant tax impact to investors.

The fund seeks to invest in international companies that are out-of-favor with investors and have potential for improvement.

Investment process relies on fundamental research in discovering companies outside of the United States that are facing temporary problems or are in industries that may be of out of favor with investors.

The fund may concentrate investing in consumer staples sector; the makers and distributors of household goods and services such as food, beverages, tobacco, personal products and services.

The concentrated fund generally holds less than 30 stocks and holdings in France, Japan, Switzerland and Germany account for 65% of total assets. The active investment style generates high portfolio turnover that may lead to significant tax impact to investors.

The fund seeks to invest in international companies that are out-of-favor with investors and have potential for improvement.

Investment process relies on fundamental research in discovering companies outside of the United States that are facing temporary problems or are in industries that may be of out of favor with investors.

The fund may concentrate investing in consumer staples sector; the makers and distributors of household goods and services such as food, beverages, tobacco, personal products and services.

The concentrated fund generally holds less than 30 stocks and holdings in France, Japan, Switzerland and Germany account for 65% of total assets. The active investment style generates high portfolio turnover that may lead to significant tax impact to investors.

The fund seeks to invest in international companies that are out-of-favor with investors and have potential for improvement.

Investment process relies on fundamental research in discovering companies outside of the United States that are facing temporary problems or are in industries that may be of out of favor with investors.

The fund may concentrate investing in consumer staples sector; the makers and distributors of household goods and services such as food, beverages, tobacco, personal products and services.

The concentrated fund generally holds less than 30 stocks and holdings in France, Japan, Switzerland and Germany account for 65% of total assets. The active investment style generates high portfolio turnover that may lead to significant tax impact to investors.

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.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The International Value Series.

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets that represent value stocks.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

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.

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.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The International Value Series.

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets that represent value stocks.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

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.

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.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The International Value Series.

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets that represent value stocks.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

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.

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 while minimizing federal income taxes on returns 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 companies associated with developed market countries.

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.

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 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 countries with developed and emerging markets, which may include frontier markets that it believes to be value stocks.

To achieve this exposure, the team will generally purchase shares of The DFA International Value Series, DFA International Small Cap Value Portfolio, and Dimensional Emerging Markets Value Fund (the “Underlying Funds”).

The DFA International Value Series invests in large value companies and the DFA International Small Cap Value Portfolio invests in small value companies associated with developed market countries.

Generally, the Dimensional Emerging Markets Value Fund may purchase securities of value companies associated with emerging markets, including frontier markets, across all market capitalizations.

In addition, the team may limit or fix the Underlying Fund’s exposure to a particular country, region or issuer.

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

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

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

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total 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 and underlying funds may lend their portfolio securities to generate additional income.
 

The fund seeks income and 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 investment team focuses on companies located in Europe or the Pacific Rim.

The team considers a company to be located in Europe or the Pacific Rim if the company is organized under the laws of a country or has its principal office in a country that is part of Europe or the Pacific Rim.

Also, the team considers a company to be located in Europe or the Pacific Rim if at the time of investment, the company derived a significant portion of its total revenues during its most recent completed fiscal year from business activities in Europe or the Pacific Rim.

In addition, the team looks for companies that are traded principally on stock exchanges or over the-counter markets in Europe or the Pacific Rim.

Next, the research team focuses on value oriented and dividend-paying companies that are estimated to trade below their fair values.

The team seeks to identify countries, and industries within those countries that are best positioned to perform relative to other countries and industries.

In making this determination, the team takes into account factors such as expectations for change in valuation of foreign currency, changes in world demand for products or services, diversification of foreign trade practices, policy changes of the foreign government.

Other fundamental factors the team emphasizes are interest rates, inflation and GDP growth.

When selecting individual companies, the research team focuses on factors such as dividend yield, valuation versus growth, capital structure, quality of management, corporate governance practices, liquidity, strengths and opportunities compared to the peer group, and business specific risk.

Then the 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 invest primarily in non-U.S. companies, or may invest in companies in developed and emerging markets.

However, the fund may focus its investments in one or more sectors.

Also, the fund may invest in companies engaged in the gold industry, or consider companies with minimal revenue exposure to the U.S. markets.

The fund may also invest in American and Global Depository Receipts, including unsponsored ADRs.
 

The fund seeks income and 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 investment team focuses on companies located in Europe or the Pacific Rim.

The team considers a company to be located in Europe or the Pacific Rim if the company is organized under the laws of a country or has its principal office in a country that is part of Europe or the Pacific Rim.

Also, the team considers a company to be located in Europe or the Pacific Rim if at the time of investment, the company derived a significant portion of its total revenues during its most recent completed fiscal year from business activities in Europe or the Pacific Rim.

In addition, the team looks for companies that are traded principally on stock exchanges or over the-counter markets in Europe or the Pacific Rim.

Next, the research team focuses on value oriented and dividend-paying companies that are estimated to trade below their fair values.

The team seeks to identify countries, and industries within those countries that are best positioned to perform relative to other countries and industries.

In making this determination, the team takes into account factors such as expectations for change in valuation of foreign currency, changes in world demand for products or services, diversification of foreign trade practices, policy changes of the foreign government.

Other fundamental factors the team emphasizes are interest rates, inflation and GDP growth.

When selecting individual companies, the research team focuses on factors such as dividend yield, valuation versus growth, capital structure, quality of management, corporate governance practices, liquidity, strengths and opportunities compared to the peer group, and business specific risk.

Then the 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 invest primarily in non-U.S. companies, or may invest in companies in developed and emerging markets.

However, the fund may focus its investments in one or more sectors.

Also, the fund may invest in companies engaged in the gold industry, or consider companies with minimal revenue exposure to the U.S. markets.

The fund may also invest in American and Global Depository Receipts, including unsponsored ADRs.
 

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.

The team favors 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 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.

The team favors 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 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.

The team favors 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 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.

The team favors 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 countries and regions.
 

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 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, which represents the performance of international stocks with attractive valuations.

The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value.

Other factors in consideration are earnings growth and country weightings.

Then the 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 has the flexibility to lend securities to earn income.

The fund seeks total return 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.

Then the research team invests directly and/or through American Depositary Receipts in companies located in developed markets based in at least three countries other than the United States.

The team utilizes proprietary multi-factor computer models to select companies trading at reasonable prices, having good fundamentals and high earnings expectations.

Next, the team ranks securities of companies based on valuation ratios, profitability and earnings-related measures.

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

The fund manages assets with the help of two sub-advisers namely LSV Asset Management and Massachusetts Financial Services Co.

LSV seeks to invest in international companies that are estimated to trade below their fair values but with high potential for near-term price appreciation.

MFS prefers companies that are trading at significant discounts to their estimated intrinsic value.

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 companies located outside the U.S., including those in emerging markets.

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

Other considerations would be if the issuer is organized under the laws of, and maintains a principal office in, that country, or if the issuer has its principal securities trading market in that country.

In addition, the team considers if the issuer derives 50% or more of its total revenues from goods sold or services performed in that country, or if the issuer has 50% or more of its assets in that country, or the issuer is included in an index which is representative of that country.

Then the 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 issuers in a single industry, sector, country, a small number of countries, or a particular geographic region.
 

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

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

The fund manages assets with the help of two sub-advisers namely LSV Asset Management and Massachusetts Financial Services Co.

LSV seeks to invest in international companies that are estimated to trade below their fair values but with high potential for near-term price appreciation.

MFS prefers companies that are trading at significant discounts to their estimated intrinsic value.

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 companies located outside the U.S., including those in emerging markets.

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

Other considerations would be if the issuer is organized under the laws of, and maintains a principal office in, that country, or if the issuer has its principal securities trading market in that country.

In addition, the team considers if the issuer derives 50% or more of its total revenues from goods sold or services performed in that country, or if the issuer has 50% or more of its assets in that country, or the issuer is included in an index which is representative of that country.

Then the 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 issuers in a single industry, sector, country, a small number of countries, or a particular geographic region.
 

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair 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 fund may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 offer attractive valuations.

According to the investment team, an issuer is said to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country.

The team also considers an issuer that is domiciled or has its principal place of business located in and its equity securities are principally traded in that country.

Lastly, the team determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.

The team employs a proprietary quantitative investment analysis to identify companies generating high returns historically.

Then the team evaluates companies on the basis of valuation metrics such as dividends, cash-flow, earnings, sales and asset-based measures.

Additionally, the team narrows the investable universe to a list of high quality companies utilizing factors such as profitability, stability, financial strength, and management quality.

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 a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its net assets in any one country or group of countries.

In addition, the fund does not generally invest in major thermal coal companies or with a high level of thermal coal reserves.

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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 issued by non-U.S. companies. The team focuses on developed markets, but may also invest in emerging- and frontier-market investments.

The team defines non-U.S. companies as companies that are organized under the laws of a foreign country, or whose principal trading market is in a foreign country.

Other factors in consideration would be companies that have a majority of their assets, or that derive a significant portion of their revenue or profits, from businesses, investments, or sales outside of the United States.

In addition, the team favors companies that are estimated to trade below their fair values.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on dividend yields, management strength, cash flow and valuation multiples such as book value and earnings to identify companies that meet its investment criteria.

Then the 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 up to 15% of its net assets in illiquid securities and may also participate in Initial Public Offerings.
 

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-US companies that are estimated to trade below their fair values but having potential company-specific catalysts to unlock significant value.

Then the team divides these catalysts into three categories, such as self-help, positive changes in capital allocation and business simplifications.

In the self-help catalyst sleeve, many companies undertake self-directed initiatives intended to drive improvement in fundamentals regardless of macroeconomic conditions.

For the positive changes in capital allocation catalyst sleeve, the team seeks to invest in companies undertaking special capital returns, deleveraging programs and/or value-enhancing reinvestment or mergers and acquisitions.

In addition, for the business simplifications catalyst sleeve, the team believes simplification of organizational and ownership structures often enables corporate management to increase returns through more effective resource allocation and less operational distraction.

As part of the research process, the team looks for companies with improving fundamentals exhibiting an ability to resolve circumstances that may be negatively affecting valuation.

Then the 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 concentrated portfolio typically holds 20 to 30 securities of non-US companies, including those whose principal business activities are located 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.

Next, the research team focuses on securities of non-US companies that are estimated to trade below their fair values but having potential company-specific catalysts to unlock significant value.

Then the team divides these catalysts into three categories, such as self-help, positive changes in capital allocation and business simplifications.

In the self-help catalyst sleeve, many companies undertake self-directed initiatives intended to drive improvement in fundamentals regardless of macroeconomic conditions.

For the positive changes in capital allocation catalyst sleeve, the team seeks to invest in companies undertaking special capital returns, deleveraging programs and/or value-enhancing reinvestment or mergers and acquisitions.

In addition, for the business simplifications catalyst sleeve, the team believes simplification of organizational and ownership structures often enables corporate management to increase returns through more effective resource allocation and less operational distraction.

As part of the research process, the team looks for companies with improving fundamentals exhibiting an ability to resolve circumstances that may be negatively affecting valuation.

Then the 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 concentrated portfolio typically holds 20 to 30 securities of non-US companies, including those whose principal business activities are located in emerging market countries.

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks a high level of 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 securities of international companies that are estimated to trade below their fair values.

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

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 invests in 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.

Also, the fund has the flexibility to invest without limitation in securities of companies that are organized or operated in emerging market countries.

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

The fund seeks to appreciate capital through investing in large- and mid-size companies around the world including the U.S.

The fund starts with a list of companies in the benchmark index Morgan Stanley EAFE (Europe, Australasia and Far East) Index and then narrows the list based on size, quality and growth of earnings and cash flow. The research team then looks at each company’s long term earnings prospects and business fundamentals for long term growth.

The investment team takes a long-term view of the investment horizon regardless of interim fluctuations.

The fund has the flexibility to invest in developed markets outside the U.S. but limits 10% in emerging markets and 20% in the U.S.

The fund seeks to appreciate capital through investing in large- and mid-size companies around the world including the U.S.

The fund starts with a list of companies in the benchmark index Morgan Stanley EAFE (Europe, Australasia and Far East) Index and then narrows the list based on size, quality and growth of earnings and cash flow. The research team then looks at each company’s long term earnings prospects and business fundamentals for long term growth.

The investment team takes a long-term view of the investment horizon regardless of interim fluctuations.

The fund has the flexibility to invest in developed markets outside the U.S. but limits 10% in emerging markets and 20% in the U.S.

The fund seeks to appreciate capital through investing in large- and mid-size companies around the world including the U.S.

The fund starts with a list of companies in the benchmark index Morgan Stanley EAFE (Europe, Australasia and Far East) Index and then narrows the list based on size, quality and growth of earnings and cash flow. The research team then looks at each company’s long term earnings prospects and business fundamentals for long term growth.

The investment team takes a long-term view of the investment horizon regardless of interim fluctuations.

The fund has the flexibility to invest in developed markets outside the U.S. but limits 10% in emerging markets and 20% in the U.S.

The fund seeks to appreciate capital through investing in large- and mid-size companies around the world including the U.S.

The fund starts with a list of companies in the benchmark index Morgan Stanley EAFE (Europe, Australasia and Far East) Index and then narrows the list based on size, quality and growth of earnings and cash flow. The research team then looks at each company’s long term earnings prospects and business fundamentals for long term growth.

The investment team takes a long-term view of the investment horizon regardless of interim fluctuations.

The fund has the flexibility to invest in developed markets outside the U.S. but limits 10% in emerging markets and 20% in the U.S.

The fund seeks capital appreciation in the long term and income 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 issued by foreign markets value issuers.

According to the investment team, a foreign markets issuer is an issuer operating in any industry sector that derives at least 50 percent of its gross revenues or profits from goods or services produced in non-U.S. markets or from sales made in non-U.S. markets.

Additionally, the team also focuses on companies that are lagging in market price but having the best opportunity for price appreciation that is not reflected in their current valuations.

The research process is driven by fundamental analysis of one stock at a 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 portfolio generally holds between 50 and 125 value securities.

However, the fund may be invested in securities from any country, any industry sector, or of any market capitalization amount.

The fund is non-diversified, which means that it may invest a higher percentage of its net assets in a smaller number of issuers.
 

The fund seeks capital appreciation in the long term and income 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 issued by foreign markets value issuers.

According to the investment team, a foreign markets issuer is an issuer operating in any industry sector that derives at least 50 percent of its gross revenues or profits from goods or services produced in non-U.S. markets or from sales made in non-U.S. markets.

Additionally, the team also focuses on companies that are lagging in market price but having the best opportunity for price appreciation that is not reflected in their current valuations.

The research process is driven by fundamental analysis of one stock at a 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 portfolio generally holds between 50 and 125 value securities.

However, the fund may be invested in securities from any country, any industry sector, or of any market capitalization amount.

The fund is non-diversified, which means that it may invest a higher percentage of its net assets in a smaller number of issuers.
 

The fund seeks capital appreciation in the long term and income 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 issued by foreign markets value issuers.

According to the investment team, a foreign markets issuer is an issuer operating in any industry sector that derives at least 50 percent of its gross revenues or profits from goods or services produced in non-U.S. markets or from sales made in non-U.S. markets.

Additionally, the team also focuses on companies that are lagging in market price but having the best opportunity for price appreciation that is not reflected in their current valuations.

The research process is driven by fundamental analysis of one stock at a 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 portfolio generally holds between 50 and 125 value securities.

However, the fund may be invested in securities from any country, any industry sector, or of any market capitalization amount.

The fund is non-diversified, which means that it may invest a higher percentage of its net assets in a smaller number of 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 value stocks in countries with developed markets.

According to the team, a company’s shares that are cheap in relation to their book value are considered value 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 fund may invest in the stocks of companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
 

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 value stocks in countries with developed markets.

According to the team, a company’s shares that are cheap in relation to their book value are considered value 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 fund may invest in the stocks of companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
 

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 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 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 manager may allocate among equity and debt investments without limitation.

Also, the manager can invest without constraint in the securities of companies located in developing countries. 

The investment team considers that most nations in Africa, East and South Asia, Emerging Europe, Central and South America (Latin America), and the Middle East are developing countries.

In identifying developing countries, the team relies on its own analysis and measure of industrialization, economic growth, and per capita income.

The team may also consider classifications produced by the World Bank, the International Finance Corporation, the United Nations, and private financial services firms.

In addition, the fund may also invest in the securities of companies located in selected foreign developed nations, which have significant economic and financial linkages to developing countries.

Additionally, the team considers a company as being located in a particular country if the company is organized under the laws of, maintains its principal place of business in, or has, as its principal trading market for the company’s securities, the particular country, or derives 50% or more of its total revenue or profit from either goods or services produced or sales made in the particular country, or has more than 50% of its assets in the particular country.

The fund may typically invest in debt obligations of any quality or duration, and also has the flexibility to invest in companies across all market capitalizations.
 

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 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 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 manager may allocate among equity and debt investments without limitation.

Also, the manager can invest without constraint in the securities of companies located in developing countries. 

The investment team considers that most nations in Africa, East and South Asia, Emerging Europe, Central and South America (Latin America), and the Middle East are developing countries.

In identifying developing countries, the team relies on its own analysis and measure of industrialization, economic growth, and per capita income.

The team may also consider classifications produced by the World Bank, the International Finance Corporation, the United Nations, and private financial services firms.

In addition, the fund may also invest in the securities of companies located in selected foreign developed nations, which have significant economic and financial linkages to developing countries.

Additionally, the team considers a company as being located in a particular country if the company is organized under the laws of, maintains its principal place of business in, or has, as its principal trading market for the company’s securities, the particular country, or derives 50% or more of its total revenue or profit from either goods or services produced or sales made in the particular country, or has more than 50% of its assets in the particular country.

The fund may typically invest in debt obligations of any quality or duration, and also has the flexibility to invest in companies across all market capitalizations.
 

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 mispriced companies that are trading at discounts to their estimated intrinsic values.

In selecting securities for the portfolio, the research team looks for companies that represent the optimal combination of long-term value and quality.

Then the 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 team will invest in securities of non-U.S. issuers, which may include issuers from both developed and emerging markets countries.

The team considers a company to be a non U.S. issuer if it is organized outside the United States or maintains a principal place of business outside the United States, or its securities are traded principally outside the United States.

Also, the team may consider a company to be a non U.S. issuer if during its most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed outside the United States or it has at least 50% of its assets outside the United States.

The fund also may invest in the securities of Chinese companies, normally restricted to residents of the People’s Republic of China.

Additionally, the fund may invest in other investment companies, including exchange-traded funds.

The fund may hold a portion of its assets in cash and cash equivalents or money market instruments.

While the fund may invest in companies of any market capitalization, it expects to primarily invest in large capitalization companies.

The fund seeks capital appreciation in the long term and current income by investing in 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.

Next, the research team invests a significant portion of its net assets in non-U.S. stocks.

In addition, the team prefers attractively valued companies with the potential for improving earnings over time.

The team favors companies that are estimated to trade below their fair values and lagging in market price for temporary reasons but having good prospects for capital appreciation or dividend growth.

In addition, the team looks for companies that have low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm.

Also, the team prefers companies having low valuation relative to its growth potential.

The team favors companies that may benefit from restructuring activity or other turnaround opportunities.

Other factors that the team focuses on are companies with a sound balance sheet and above-average dividend yield and/or the potential to grow dividends.

The research process is driven by fundamental analysis of one stock at a time. However, country allocation is driven largely by stock selection.

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

Country and sector allocations are driven primarily by security selection and secondarily by an assessment of top-down, fundamental prospects.

The fund seeks to diversify among the world’s developed countries, but invests modestly in emerging markets.

However, the fund focuses on more mature developing countries.
 

The fund seeks capital appreciation in the long term and current income by investing in 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.

Next, the research team invests a significant portion of its net assets in non-U.S. stocks.

In addition, the team prefers attractively valued companies with the potential for improving earnings over time.

The team favors companies that are estimated to trade below their fair values and lagging in market price for temporary reasons but having good prospects for capital appreciation or dividend growth.

In addition, the team looks for companies that have low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm.

Also, the team prefers companies having low valuation relative to its growth potential.

The team favors companies that may benefit from restructuring activity or other turnaround opportunities.

Other factors that the team focuses on are companies with a sound balance sheet and above-average dividend yield and/or the potential to grow dividends.

The research process is driven by fundamental analysis of one stock at a time. However, country allocation is driven largely by stock selection.

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

Country and sector allocations are driven primarily by security selection and secondarily by an assessment of top-down, fundamental prospects.

The fund seeks to diversify among the world’s developed countries, but invests modestly in emerging markets.

However, the fund focuses on more mature developing countries.
 

The fund seeks capital appreciation in the long term and current income by investing in 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.

Next, the research team invests a significant portion of its net assets in non-U.S. stocks.

In addition, the team prefers attractively valued companies with the potential for improving earnings over time.

The team favors companies that are estimated to trade below their fair values and lagging in market price for temporary reasons but having good prospects for capital appreciation or dividend growth.

In addition, the team looks for companies that have low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm.

Also, the team prefers companies having low valuation relative to its growth potential.

The team favors companies that may benefit from restructuring activity or other turnaround opportunities.

Other factors that the team focuses on are companies with a sound balance sheet and above-average dividend yield and/or the potential to grow dividends.

The research process is driven by fundamental analysis of one stock at a time. However, country allocation is driven largely by stock selection.

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

Country and sector allocations are driven primarily by security selection and secondarily by an assessment of top-down, fundamental prospects.

The fund seeks to diversify among the world’s developed countries, but invests modestly in emerging markets.

However, the fund focuses on more mature developing countries.
 

The fund seeks capital appreciation in the long term and current income by investing in 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.

Next, the research team invests a significant portion of its net assets in non-U.S. stocks.

In addition, the team prefers attractively valued companies with the potential for improving earnings over time.

The team favors companies that are estimated to trade below their fair values and lagging in market price for temporary reasons but having good prospects for capital appreciation or dividend growth.

In addition, the team looks for companies that have low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm.

Also, the team prefers companies having low valuation relative to its growth potential.

The team favors companies that may benefit from restructuring activity or other turnaround opportunities.

Other factors that the team focuses on are companies with a sound balance sheet and above-average dividend yield and/or the potential to grow dividends.

The research process is driven by fundamental analysis of one stock at a time. However, country allocation is driven largely by stock selection.

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

Country and sector allocations are driven primarily by security selection and secondarily by an assessment of top-down, fundamental prospects.

The fund seeks to diversify among the world’s developed countries, but invests modestly in emerging markets.

However, the fund focuses on more mature developing countries.
 

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

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

The fund manages assets with the help of three advisors namely Lazard Asset Management LLC, ARGA Investment Management, LP, and Sprucegrove Investment Management Ltd.

Each advisor follows a distinct investment approach and independently selects and maintains a portfolio of securities of foreign companies for the fund.

Lazard prefers stocks that offer an appropriate trade-off between low relative valuation and high financial productivity.

ARGA Investment invests in companies that are estimated to trade below their fair values based on long-term earnings power and dividend-paying capability.

Sprucegrove seeks to purchase high-quality companies at significant discounts to their long-term value and typically hold them for a period of ten years.

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

Next, the research team focuses on companies that are trading at discounts to their estimated intrinsic value relative to valuation multiples such as earnings and book value.

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

The manager looks to diversify the fund’s net assets in countries across developed and emerging markets.

In addition, the fund may invest its cash flows in equity index futures and/or exchange-traded funds to manage liquidity needs while ensuring that the fund remains fully invested.

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.

Next, the research team focuses on companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

Then the 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 up to 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American 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.

Next, the research team focuses on companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

Then the 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 up to 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American 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.

Next, the research team focuses on companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

Then the 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 up to 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American 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.

Next, the research team focuses on companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

Then the 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 up to 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American 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.

Next, the research team focuses on companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

Then the 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 up to 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American 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.

Next, the research team focuses on companies that are estimated to generate income by paying dividends.

The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.

In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.

Then the 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 up to 50% of its net assets in emerging market securities.

The fund may also achieve its exposure to non-U.S. equity securities through investing in American Depositary Receipts.