The fund seeks primarily capital appreciation in the long term and secondarily current 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 of non-U.S. issuers located in at least three countries (excluding the United States).

The team considers companies which are principally engaged in the real estate industry, or are principally engaged in real estate financing or control real estate assets with an aggregate estimated value equal to no less than 50% of such issuer's assets.

These companies include, but are not limited to, real estate investment trusts, real estate operating companies and homebuilders, and companies with a majority of real estate holdings, such as hotel and entertainment companies.

In addition, the team emphasizes investments in Western Europe, Australia, Canada, Japan, Hong Kong, Singapore, China, India and Brazil.

The team defines Western Europe as Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

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

The team also considers company fundamentals and the strength of its management teams, as well as economic, market and political conditions in the countries in which a company is located and operates when making investment decisions.

In addition, the team prefers companies with earnings growth that are trading at reasonable valuations.

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

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

Generally, the fund concentrates its investments in the securities of companies engaged principally in the real estate industry and may invest all of its assets in such securities.

However, the fund may temporarily invest less than 25% of its net assets in such securities during periods of adverse economic conditions in the real estate industry.

Additionally, the fund may invest without limitation in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts.

Also, a fund's investments in foreign securities may include the securities of issuers in emerging markets.

The fund seeks primarily capital appreciation in the long term and secondarily current 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 of non-U.S. issuers located in at least three countries (excluding the United States).

The team considers companies which are principally engaged in the real estate industry, or are principally engaged in real estate financing or control real estate assets with an aggregate estimated value equal to no less than 50% of such issuer's assets.

These companies include, but are not limited to, real estate investment trusts, real estate operating companies and homebuilders, and companies with a majority of real estate holdings, such as hotel and entertainment companies.

In addition, the team emphasizes investments in Western Europe, Australia, Canada, Japan, Hong Kong, Singapore, China, India and Brazil.

The team defines Western Europe as Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

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

The team also considers company fundamentals and the strength of its management teams, as well as economic, market and political conditions in the countries in which a company is located and operates when making investment decisions.

In addition, the team prefers companies with earnings growth that are trading at reasonable valuations.

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

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

Generally, the fund concentrates its investments in the securities of companies engaged principally in the real estate industry and may invest all of its assets in such securities.

However, the fund may temporarily invest less than 25% of its net assets in such securities during periods of adverse economic conditions in the real estate industry.

Additionally, the fund may invest without limitation in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts.

Also, a fund's investments in foreign securities may include the securities of issuers in emerging markets.

The fund seeks total return 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 non-U.S. real estate equity securities.

Real estate equity securities include common stocks and other equity securities issued by real estate companies, including real estate investment trusts and similar REIT-like entities.

The team considers a real estate company as one that derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land, or has at least 50% of its assets invested in such real estate.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team assesses companies on the basis of valuation multiples such as net asset value, cash flow, growth and a dividend discount model.

Next, the team evaluates the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength, and corporate structure.

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

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

The fund estimates to have investments across different countries and regions.

Additionally, the fund may invest up to 20% of its net assets in U.S. real estate equity securities, including U.S. REITs.

The non-U.S. companies in which the fund invests may include those domiciled in emerging market countries. The fund may invest up to 15% of its net assets in emerging market companies.

In addition, the fund may also invest in securities of foreign companies in the form of American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts.

The fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies.

The fund seeks total return 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 non-U.S. real estate equity securities.

Real estate equity securities include common stocks and other equity securities issued by real estate companies, including real estate investment trusts and similar REIT-like entities.

The team considers a real estate company as one that derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land, or has at least 50% of its assets invested in such real estate.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team assesses companies on the basis of valuation multiples such as net asset value, cash flow, growth and a dividend discount model.

Next, the team evaluates the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength, and corporate structure.

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

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

The fund estimates to have investments across different countries and regions.

Additionally, the fund may invest up to 20% of its net assets in U.S. real estate equity securities, including U.S. REITs.

The non-U.S. companies in which the fund invests may include those domiciled in emerging market countries. The fund may invest up to 15% of its net assets in emerging market companies.

In addition, the fund may also invest in securities of foreign companies in the form of American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts.

The fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies.

The fund seeks total return 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 non-U.S. real estate equity securities.

Real estate equity securities include common stocks and other equity securities issued by real estate companies, including real estate investment trusts and similar REIT-like entities.

The team considers a real estate company as one that derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land, or has at least 50% of its assets invested in such real estate.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team assesses companies on the basis of valuation multiples such as net asset value, cash flow, growth and a dividend discount model.

Next, the team evaluates the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength, and corporate structure.

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

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

The fund estimates to have investments across different countries and regions.

Additionally, the fund may invest up to 20% of its net assets in U.S. real estate equity securities, including U.S. REITs.

The non-U.S. companies in which the fund invests may include those domiciled in emerging market countries. The fund may invest up to 15% of its net assets in emerging market companies.

In addition, the fund may also invest in securities of foreign companies in the form of American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts.

The fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies.

The fund seeks total return 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 non-U.S. real estate equity securities.

Real estate equity securities include common stocks and other equity securities issued by real estate companies, including real estate investment trusts and similar REIT-like entities.

The team considers a real estate company as one that derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land, or has at least 50% of its assets invested in such real estate.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team assesses companies on the basis of valuation multiples such as net asset value, cash flow, growth and a dividend discount model.

Next, the team evaluates the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength, and corporate structure.

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

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

The fund estimates to have investments across different countries and regions.

Additionally, the fund may invest up to 20% of its net assets in U.S. real estate equity securities, including U.S. REITs.

The non-U.S. companies in which the fund invests may include those domiciled in emerging market countries. The fund may invest up to 15% of its net assets in emerging market companies.

In addition, the fund may also invest in securities of foreign companies in the form of American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts.

The fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies.

The fund seeks total return 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 non-U.S. real estate equity securities.

Real estate equity securities include common stocks and other equity securities issued by real estate companies, including real estate investment trusts and similar REIT-like entities.

The team considers a real estate company as one that derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land, or has at least 50% of its assets invested in such real estate.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team assesses companies on the basis of valuation multiples such as net asset value, cash flow, growth and a dividend discount model.

Next, the team evaluates the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength, and corporate structure.

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

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

The fund estimates to have investments across different countries and regions.

Additionally, the fund may invest up to 20% of its net assets in U.S. real estate equity securities, including U.S. REITs.

The non-U.S. companies in which the fund invests may include those domiciled in emerging market countries. The fund may invest up to 15% of its net assets in emerging market companies.

In addition, the fund may also invest in securities of foreign companies in the form of American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts.

The fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies.

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 principally engaged in the real estate industry, including developed and emerging markets, with a particular focus on non-U.S. real estate investment trusts and REIT-like entities.

The team considers a company to be principally engaged in the real estate industry if the company’s principal activities include ownership, management, development, construction, or sale of residential, commercial or industrial real estate.

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 manager seeks to purchase securities of companies associated with developed and emerging markets countries.

Additionally, the fund may lend its portfolio securities to generate additional income.

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

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

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

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments. Normally investing primarily in common stocks

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 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. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments. Normally investing primarily in common stocks

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 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. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments. Normally investing primarily in common stocks

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 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. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments. Normally investing primarily in common stocks

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 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. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments. Normally investing primarily in common stocks

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 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. securities.

The team prefers securities of companies principally engaged in the real estate industry and other real estate related investments.

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 track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

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

Next, the research team focuses on international real estate stocks including real estate investment trusts, companies that own office buildings, hotels, and other real estate.

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

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

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

Next, the research team focuses on international real estate stocks including real estate investment trusts, companies that own office buildings, hotels, and other real estate.

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

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

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

Next, the research team focuses on international real estate stocks including real estate investment trusts, companies that own office buildings, hotels, and other real estate.

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

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to invest in real estate securities outside the United States to generate current income and capital appreciation.

The fund is managed by Duff & Phelps Investment Management Company.

The investment team relies on a fundamental research driven stock selection process and spreads investment allocation between 30 and 50 securities. The fund prefers high quality real estate portfolios generating steady current income.

Investments in Japan, Hong Kong, Germany and the United Kingdom account for less than 60% of total assets.

The fund seeks to invest in real estate securities outside the United States to generate current income and capital appreciation.

The fund is managed by Duff & Phelps Investment Management Company.

The investment team relies on a fundamental research driven stock selection process and spreads investment allocation between 30 and 50 securities. The fund prefers high quality real estate portfolios generating steady current income.

Investments in Japan, Hong Kong, Germany and the United Kingdom account for less than 60% of total assets.

The fund seeks to invest in real estate securities outside the United States to generate current income and capital appreciation.

The fund is managed by Duff & Phelps Investment Management Company.

The investment team relies on a fundamental research driven stock selection process and spreads investment allocation between 30 and 50 securities. The fund prefers high quality real estate portfolios generating steady current income.

Investments in Japan, Hong Kong, Germany and the United Kingdom account for less than 60% of total assets.