The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.

The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.

The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.

The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.

The fund seeks long-term capital gain by investing in mid- to mega-size U.S. companies.

The fund combines thematic or top-down sector and industry review with bottom-up stock selection. The fund looks for broad themes that are likely to persist or broaden and have positive impact on one or more industries or sectors. Through this review fund identifies investment themes

The bottom-up stock selection is driven by fundamental research, earnings growth review, comparative valuation and management quality.

The fund favors companies that meet not only valuation and growth parameters but also fit in the broad investable themes.

The fund has flexible fee structure which allows the fund the charge low fees similar to Exchange Trade Funds or higher fees for outperformance to the benchmark.  The annual fee can range between 0.2% and 2.8%.

The fund seeks capital appreciation by investing in U.S. companies across all market capitalizations.

The investment process looks for companies with a proven track record of earnings, financially strong, and have the potential to deliver greater than expected earnings growth rates.

The fund also looks at experience of management, shareholder friendliness and implementation of conservative accounting principles.

The fund has the flexibility to invest across the market capitalization spectrum but normally invests in large and medium market capitalization companies.  

The fund seeks capital appreciation by investing in U.S. companies across all market capitalizations.

The investment process looks for companies with a proven track record of earnings, financially strong, and have the potential to deliver greater than expected earnings growth rates.

The fund also looks at experience of management, shareholder friendliness and implementation of conservative accounting principles.

The fund has the flexibility to invest across the market capitalization spectrum but normally invests in large and medium market capitalization companies.  

The fund seeks capital appreciation by investing in U.S. companies across all market capitalizations.

The investment process looks for companies with a proven track record of earnings, financially strong, and have the potential to deliver greater than expected earnings growth rates.

The fund also looks at experience of management, shareholder friendliness and implementation of conservative accounting principles.

The fund has the flexibility to invest across the market capitalization spectrum but normally invests in large and medium market capitalization companies.  

The fund seeks capital appreciation by investing in U.S. companies across all market capitalizations.

The investment process looks for companies with a proven track record of earnings, financially strong, and have the potential to deliver greater than expected earnings growth rates.

The fund also looks at experience of management, shareholder friendliness and implementation of conservative accounting principles.

The fund has the flexibility to invest across the market capitalization spectrum but normally invests in large and medium market capitalization companies.  

The fund seeks capital appreciation by investing in U.S. companies across all market capitalizations.

The investment process looks for companies with a proven track record of earnings, financially strong, and have the potential to deliver greater than expected earnings growth rates.

The fund also looks at experience of management, shareholder friendliness and implementation of conservative accounting principles.

The fund has the flexibility to invest across the market capitalization spectrum but normally invests in large and medium market capitalization companies.  

The fund seeks capital appreciation by investing in U.S. companies across all market capitalizations.

The investment process looks for companies with a proven track record of earnings, financially strong, and have the potential to deliver greater than expected earnings growth rates.

The fund also looks at experience of management, shareholder friendliness and implementation of conservative accounting principles.

The fund has the flexibility to invest across the market capitalization spectrum but normally invests in large and medium market capitalization companies.  

The fund seeks to invest in companies that have a histroy of compounding earning and generating steady shareholder returns. 

The investment philosophy relies on three pillars of sustainability of the business model, management quality and reinvestment track record. 

With less than 25 holdings, every investment matters and the portfolio team follows a disciplined investment process in identifying companines that have a history and prospects of generating free cash flow. 

The fund seeks to invest in companies that have a histroy of compounding earning and generating steady shareholder returns. 

The investment philosophy relies on three pillars of sustainability of the business model, management quality and reinvestment track record. 

With less than 25 holdings, every investment matters and the portfolio team follows a disciplined investment process in identifying companines that have a history and prospects of generating free cash flow. 

The fund seeks to invest in companies that have a histroy of compounding earning and generating steady shareholder returns. 

The investment philosophy relies on three pillars of sustainability of the business model, management quality and reinvestment track record. 

With less than 25 holdings, every investment matters and the portfolio team follows a disciplined investment process in identifying companines that have a history and prospects of generating free cash flow. 

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

The investment process is designed to identify companies in the benchmark index that experience positive dynamic change.

The investment team believes companies undergoing positive dynamic change offer the best investment opportunities.

Next, the research team utilizes fundamental analysis to uncover companies experiencing high unit volume growth and positive changes in product cycle and market dynamics.

The team also focuses on traditional growth companies experiencing rapidly growing demand or market dominance.

In addition, the research team emphasizes companies benefitting from new regulations, a new product innovation or new management.

Then the manager constructs a focused portfolio of approximately 35 holdings of companies that demonstrate promising growth potential.

The fund focuses its investments in companies fostering and benefiting from technological improvements, advancements or developments.

The fund may also invest a significant portion of its assets in securities of companies conducting business within a single sector, including the technology, healthcare, consumer discretionary, and industrials sectors.

The fund practices value investment style and invests in large cap companies that meet strict environmental, social, governance and Islamic principles.  

The investment process eliminates companies engaged in weapons manufacturing, tobacco, alcohol, gambling and fossil fuel extraction. Then with the additional criteria of Islamic principles, the list is narrowed.

Portfolio is diversified across 30 emerging markets in large cap companies with strong balance sheets, earnings track record and management strength. The fund prefers to hold investments for long term and avoid companies that pay interest.

The fund practices value investment style and invests in large cap companies that meet strict environmental, social, governance and Islamic principles.  

The investment process eliminates companies engaged in weapons manufacturing, tobacco, alcohol, gambling and fossil fuel extraction. Then with the additional criteria of Islamic principles, the list is narrowed.

Portfolio is diversified across 30 emerging markets in large cap companies with strong balance sheets, earnings track record and management strength. The fund prefers to hold investments for long term and avoid companies that pay interest.

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

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index 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 mega-and large-size companies in the United States.

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

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

The fund does not invest in tobacco industry companies.

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

The multi-step investment process combines quantitative and qualitative techniques to identify attractive investment opportunities.

Then the research team ranks the companies from most attractive to least attractive on the basis of attributes such as valuation, quality, growth, and sentiment.

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

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

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

The fund does not invest in tobacco industry companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

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

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio 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 issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

The fund seeks capital gain in the long-term by investing in large- and mid-size U.S. companies.

The investment process looks to identify companies with earnings growth rates of at least 20%. The research team then with the help of quantitative screens and fundamental analysis narrows the investable universe.

The team then with the help of qualitative research identifies companies with above average long-term growth outlook and sustainability of business and long term drivers of earnings stream.

The fund favors companies that are undergoing positive change and are trading at a reasonable price in stock market.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate positive momentum characteristics.

The investment team considers a security to have positive momentum if it has performed well in the prior 12 months relative to other stocks in the investment universe.

Relative performance may be based on price momentum, earnings momentum, or other types of momentum.

Then the manager employs a systematic approach to construct the portfolio of stocks. The manager determines the weight of each security in the portfolio using a combination of the market capitalization of the security and an assessment of the security’s momentum.

The fund may also invest in or use financial futures contracts as well as exchange-traded funds and a portion of the fund’s net assets may be held in cash or cash-equivalent investments, including, but not limited to short-term investment funds.

To increase its income or total return, the fund may lend its portfolio securities to certain types of eligible borrower

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

The investment process is designed to highlight companies in the benchmark index that demonstrate positive momentum characteristics.

The investment team considers a security to have positive momentum if it has performed well in the prior 12 months relative to other stocks in the investment universe.

Relative performance may be based on price momentum, earnings momentum, or other types of momentum.

Then the manager employs a systematic approach to construct the portfolio of stocks. The manager determines the weight of each security in the portfolio using a combination of the market capitalization of the security and an assessment of the security’s momentum.

The fund may also invest in or use financial futures contracts as well as exchange-traded funds and a portion of the fund’s net assets may be held in cash or cash-equivalent investments, including, but not limited to short-term investment funds.

To increase its income or total return, the fund may lend its portfolio securities to certain types of eligible borrower

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

The investment process is designed to highlight companies in the benchmark index that demonstrate positive momentum characteristics.

The investment team considers a security to have positive momentum if it has performed well in the prior 12 months relative to other stocks in the investment universe.

Relative performance may be based on price momentum, earnings momentum, or other types of momentum.

Then the manager employs a systematic approach to construct the portfolio of stocks. The manager determines the weight of each security in the portfolio using a combination of the market capitalization of the security and an assessment of the security’s momentum.

The fund may also invest in or use financial futures contracts as well as exchange-traded funds and a portion of the fund’s net assets may be held in cash or cash-equivalent investments, including, but not limited to short-term investment funds.

To increase its income or total return, the fund may lend its portfolio securities to certain types of eligible borrower

The concentrated fund is designed invests in large to small cap companies that experiencing faster earnings or cash flow growth.

With top 10 holdings having 62% of total assets, portfolio managers are not shy in allocating as much as 11% to a single stock. The strict investment process looks for companies with established business franchise, rising earnings and cash flows and above average returns of equity.

The fund practices morally responsible investing based and avoids all companies that are contrary to core values and teachings of the Roman Catholic Church. The fund avoids companies that are engaged in abortion, pornography, embryonic stem cell research and have policies that undermine the sacrament of marriage.

The multi-cap fund invests in stocks of growth companies that meet not only investment but also moral soundness screens.

The fund seeks to investment in market leaders with strong balance sheet, expectations of rising earnings and cash flows and companies with pricing power. Stocks are purchased to be held at least for three years and but are sold if market price is above the estimate of the intrinsic value.

Companies also have to meet moral screens set by Catholic Advisory Board that avoid investment in companies engaged in abortion, pornography, embryonic stem cell research and policies undermining sacrament of marriage.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth.

Then the research team relies on fundamental analysis to identify exceptional businesses with growth prospects and own them over a long time horizon.

The team believes this long-term horizon allows them to capture the disproportionate impact of successful investments.

Additionally, the team assesses a company’s geographic and industry positioning, competitive advantage, management, financial strength and valuation.

The team also reviews the long-term outlook of companies and industries.

The process also includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Then the manager constructs a concentrated portfolio that holds between 30 and 50 growth companies. The fund aims to hold securities for typically 5 to 10 years, which results in relatively low portfolio turnover.

The fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors.

The fund has the flexibility to participate in initial public offerings.

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

The investment process is designed to highlight companies in the benchmark index that have the potential for growth.

Then the research team relies on fundamental analysis to identify exceptional businesses with growth prospects and own them over a long time horizon.

The team believes this long-term horizon allows them to capture the disproportionate impact of successful investments.

Additionally, the team assesses a company’s geographic and industry positioning, competitive advantage, management, financial strength and valuation.

The team also reviews the long-term outlook of companies and industries.

The process also includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Then the manager constructs a concentrated portfolio that holds between 30 and 50 growth companies. The fund aims to hold securities for typically 5 to 10 years, which results in relatively low portfolio turnover.

The fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors.

The fund has the flexibility to participate in initial public offerings.

The all-cap fund seeks to invest in disruptive secular trends driven by long-term market leaders.

The thematic investment process identifies companies with disruptive technologies or processes and profitable business models and competent management teams.

Digital payment, cloud computing, e-commerce, targeted advertising, electric vehicles and digitization are some of the disruptive trends that the fund looks to profit from.

The all-cap fund seeks to invest in disruptive secular trends driven by long-term market leaders.

The thematic investment process identifies companies with disruptive technologies or processes and profitable business models and competent management teams.

Digital payment, cloud computing, e-commerce, targeted advertising, electric vehicles and digitization are some of the disruptive trends that the fund looks to profit from.

The all-cap fund seeks to invest in disruptive secular trends driven by long-term market leaders.

The thematic investment process identifies companies with disruptive technologies or processes and profitable business models and competent management teams.

Digital payment, cloud computing, e-commerce, targeted advertising, electric vehicles and digitization are some of the disruptive trends that the fund looks to profit from.

The fund seeks capital appreciation in the long term and to maximize after-tax returns by investing in mid-and large-size companies in the United States.

The investment process is designed to focus on high quality companies in the benchmark index with superior earnings growth potential that are available at reasonable prices.

The strategy of the fund is to invest in companies that have solid long-term earnings prospects and to hold these investments for prolonged periods of time,

The team believes that superior relative earnings growth is usually driven by new products and services, niche products in growth sectors and industries, open-ended global growth opportunities, and cyclical companies whose margins are benefiting from a recovery in their respective industries.

Then the research team looks for companies demonstrating earnings and cash flow growth.

In addition, the team analyzes the company’s balance sheet and overall ability to withstand adverse economic conditions.

The team seeks appropriately capitalized open-ended growth opportunities, exceptional leadership, and sustainable competitive advantages.

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

The manager relies on research team efforts and seeks to diversify the portfolio across multiple industries, economic sectors and geographic regions to reduce the risk of a particular industry’s or region’s weakness adversely affecting the total fund.

Additionally, the fund invests in small-sized U.S. companies with significant growth potential.

The fund may invest up to 25% of its net assets in issuers of foreign securities, including American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that display exceptional growth prospects.

Then the research team focuses on companies with growing earnings, disruptive technology, niche business segment, quality management and high barriers to entry.

The team looks for companies that are estimated to trade below their fair values, but having attractive growth prospects.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a high conviction concentrated portfolio with typically 15 to 30 holdings.

From time to time, the manager focuses more than 25% of the fund’s portfolio in the securities of companies in one or more of the sectors such as technology, financial services and healthcare.

The fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund. In general, the fund invests up to 20% of its net assets in fixed income securities.

Additionally, the fund may purchase call options as a temporary substitute for common stocks, American Depositary Receipts or exchange-traded funds.

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

The investment process looks for companies in the benchmark index that effectively implement sustainable business strategies to drive their prospects for future earnings growth.

The manager defines sustainable companies as companies whose internal sustainability strategies lead to one or more Sustainable Business Advantages such as revenue growth, cost improvements, or enhanced franchise value, or that lead to reduced risk to a company’s prospects for growth.

The investment team also integrates environmental, social, and governance factors into its investment process.

Next the research team focuses on companies that have fundamental strength to deliver above-average earnings growth over a market cycle with attractive valuations.

Then the team seeks companies with strong business models and prospects for growth, strong cash flow generation, and a solid track record of execution.

In addition, the team utilizes scenario analyses to assess the company’s valuation and potential for appreciation or downside risk.

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

The fund has low to no exposure to companies that have received international sanctions, derive significant revenue from gambling or the production of alcohol, tobacco, weapons, or fossil fuel extraction.

The fund may also invest in securities of small market capitalization companies.

The fund may invest up to 15% of its net assets in issuers of foreign securities including American Depositary Receipts, which may include emerging markets securities.

In order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

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

The investment process looks for companies in the benchmark index that effectively implement sustainable business strategies to drive their prospects for future earnings growth.

The manager defines sustainable companies as companies whose internal sustainability strategies lead to one or more Sustainable Business Advantages such as revenue growth, cost improvements, or enhanced franchise value, or that lead to reduced risk to a company’s prospects for growth.

The investment team also integrates environmental, social, and governance factors into its investment process.

Next the research team focuses on companies that have fundamental strength to deliver above-average earnings growth over a market cycle with attractive valuations.

Then the team seeks companies with strong business models and prospects for growth, strong cash flow generation, and a solid track record of execution.

In addition, the team utilizes scenario analyses to assess the company’s valuation and potential for appreciation or downside risk.

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

The fund has low to no exposure to companies that have received international sanctions, derive significant revenue from gambling or the production of alcohol, tobacco, weapons, or fossil fuel extraction.

The fund may also invest in securities of small market capitalization companies.

The fund may invest up to 15% of its net assets in issuers of foreign securities including American Depositary Receipts, which may include emerging markets securities.

In order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

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

The investment process looks for companies in the benchmark index that effectively implement sustainable business strategies to drive their prospects for future earnings growth.

The manager defines sustainable companies as companies whose internal sustainability strategies lead to one or more Sustainable Business Advantages such as revenue growth, cost improvements, or enhanced franchise value, or that lead to reduced risk to a company’s prospects for growth.

The investment team also integrates environmental, social, and governance factors into its investment process.

Next the research team focuses on companies that have fundamental strength to deliver above-average earnings growth over a market cycle with attractive valuations.

Then the team seeks companies with strong business models and prospects for growth, strong cash flow generation, and a solid track record of execution.

In addition, the team utilizes scenario analyses to assess the company’s valuation and potential for appreciation or downside risk.

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

The fund has low to no exposure to companies that have received international sanctions, derive significant revenue from gambling or the production of alcohol, tobacco, weapons, or fossil fuel extraction.

The fund may also invest in securities of small market capitalization companies.

The fund may invest up to 15% of its net assets in issuers of foreign securities including American Depositary Receipts, which may include emerging markets securities.

In order to respond to adverse market, economic, political, or other conditions, the fund may assume a temporary defensive position and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.

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

The investment process is driven by companies which may increase in value due to the development, advancement or commercial application of innovative strategies.

The investment team believes companies engaged in innovative strategies are engaged in the pursuit to discover, develop and commercialize products, services or intellectual property.

Then the research team utilizes in-house research to screen companies with capable management teams, free cash flow, scalable business models with a competitive advantage, and a history of high and increasing margins, conservative debt, and attractive valuations.

The team prefers premier growth companies with innovative products, services, or intellectual property.

The team seeks to identify companies that are expected to benefit from innovation and may have potential revenue growth in excess of the gross domestic product growth rate.

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

The portfolio holds 65 to 85 securities across various market capitalizations.

The manager invests in companies across all sectors and may have significant investments in the technology sector.

In addition, the fund may invest up to 20% of its net assets in sponsored or unsponsored American Depositary Receipts and securities of foreign companies that are traded on U.S. stock exchanges.

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

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

Then the research team focuses on companies that offer the best opportunities for growth.

The team considers the company’s financial strength, earnings and cash flow forecast and quality of management.

Then the manager constructs an actively managed portfolio of higher growth companies that provide attractive returns.

The manager utilizes a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

Additionally, the fund may invest up to 25% of its net assets in issuers of foreign securities, including American Depositary Receipts.

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

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

Then the research team focuses on companies that offer the best opportunities for growth.

The team considers the company’s financial strength, earnings and cash flow forecast and quality of management.

Then the manager constructs an actively managed portfolio of higher growth companies that provide attractive returns.

The manager utilizes a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

Additionally, the fund may invest up to 25% of its net assets in issuers of foreign securities, including American Depositary Receipts.

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

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

Then the research team focuses on companies that offer the best opportunities for growth.

The team considers the company’s financial strength, earnings and cash flow forecast and quality of management.

Then the manager constructs an actively managed portfolio of higher growth companies that provide attractive returns.

The manager utilizes a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

Additionally, the fund may invest up to 25% of its net assets in issuers of foreign securities, including American Depositary Receipts.

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

The sub-advisor’s investment process utilizes a quantitative methodology to identify alpha-generating stocks from emerging industries.

Then the research team evaluates a security on the basis of factors such as price momentum, sector rotation and relative strength.

Next, the team employs a proprietary analysis to select stocks across various industries based on stock and industry strength, and volatility.

The team eliminates artificial market segmentations to concentrate on sectors, trends and exposures exhibiting characteristics of emerging growth.

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

The fund will maintain a concentrated portfolio of 20 to 30 stocks which exhibit superior relative performance.

The fund has the flexibility to invest across all stock styles and market capitalizations.

Additionally, the fund may invest in real estate investment trusts and American Depositary Receipts.

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

The sub-advisor’s investment process utilizes a quantitative methodology to identify alpha-generating stocks from emerging industries.

Then the research team evaluates a security on the basis of factors such as price momentum, sector rotation and relative strength.

Next, the team employs a proprietary analysis to select stocks across various industries based on stock and industry strength, and volatility.

The team eliminates artificial market segmentations to concentrate on sectors, trends and exposures exhibiting characteristics of emerging growth.

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

The fund will maintain a concentrated portfolio of 20 to 30 stocks which exhibit superior relative performance.

The fund has the flexibility to invest across all stock styles and market capitalizations.

Additionally, the fund may invest in real estate investment trusts and American Depositary Receipts.

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

The sub-advisor’s investment process utilizes a quantitative methodology to identify alpha-generating stocks from emerging industries.

Then the research team evaluates a security on the basis of factors such as price momentum, sector rotation and relative strength.

Next, the team employs a proprietary analysis to select stocks across various industries based on stock and industry strength, and volatility.

The team eliminates artificial market segmentations to concentrate on sectors, trends and exposures exhibiting characteristics of emerging growth.

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

The fund will maintain a concentrated portfolio of 20 to 30 stocks which exhibit superior relative performance.

The fund has the flexibility to invest across all stock styles and market capitalizations.

Additionally, the fund may invest in real estate investment trusts and American Depositary Receipts.

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

The investment process is focused on well-established companies in the benchmark index that can deliver superior risk adjusted returns.

The process analyzes factors such as a company’s operations, risk profile, growth expectations and valuation of its securities.

Then the research team relies on the fundamentally-driven bottom-up economic value added process to find shareholder value creators and avoid shareholder value destroyers.

The team also focuses on a company’s ability to generate favorable returns in light of current growth prospects, market position and expertise, brand value, and pricing power.

In addition, the team reviews a company’s financial strength, profit margin changes, return on capital improvement, sustainability of revenue growth, and ability to generate cash flow.

Other factors that the team considers is a company’s management strength, commitment to shareholders’ interests, dividends or current income, market share gains, innovation and reinvestment, and corporate governance.

Then the manager constructs a high conviction diversified portfolio of 40 to 65 companies concentrated in the top 20 names.

The fund generally maintains a fully-invested posture. However, the fund may also take temporary defensive positions and hold up to 100% of its portfolio in cash or cash equivalent positions.

The fund has the flexibility to invest a portion of its net assets in small-and medium capitalization companies.

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

The investment process is focused on well-established companies in the benchmark index that can deliver superior risk adjusted returns.

The process analyzes factors such as a company’s operations, risk profile, growth expectations and valuation of its securities.

Then the research team relies on the fundamentally-driven bottom-up economic value added process to find shareholder value creators and avoid shareholder value destroyers.

The team also focuses on a company’s ability to generate favorable returns in light of current growth prospects, market position and expertise, brand value, and pricing power.

In addition, the team reviews a company’s financial strength, profit margin changes, return on capital improvement, sustainability of revenue growth, and ability to generate cash flow.

Other factors that the team considers is a company’s management strength, commitment to shareholders’ interests, dividends or current income, market share gains, innovation and reinvestment, and corporate governance.

Then the manager constructs a high conviction diversified portfolio of 40 to 65 companies concentrated in the top 20 names.

The fund generally maintains a fully-invested posture. However, the fund may also take temporary defensive positions and hold up to 100% of its portfolio in cash or cash equivalent positions.

The fund has the flexibility to invest a portion of its net assets in small-and medium capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that are estimated to trade below their fair values.

Next, the research team utilizes fundamental analysis to identify securities that are trading at a discount to their estimated intrinsic value.

The team considers both fundamentals and technical factors when identifying investment opportunities. These considerations may include a company trading at or near its current low, and a low debt level or high interest coverage.

Other considerations may include companies that are inexpensive on the basis of earnings, and book value. The process also looks at a company's free cash flow, dividend yield, and return on equity.

The investment team also seeks to invest in companies that have a defensible competitive advantage, relevant products, competent and shareholder-oriented management, and growth.

Then the manager constructs a portfolio that holds fewer than 20 positions at any given time. From time to time, the fund may invest more than 20% of its assets in a particular sector.

The fund may also invest in foreign companies, where the investments consist primarily of depositary receipts.

The fund has the flexibility to invest up to 25% of its net assets in securities of companies located in emerging markets.

The fund may hold all or a portion of its assets in cash or cash-equivalents like money market funds, certificates of deposit, short-term debt obligations, and repurchase agreements, either due to pending investments or when investment opportunities are limited.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 bottom-up, fundamental technique to identify quality growth companies.

Next, the team relies on proprietary analysis to assess whether a company has sustainable competitive advantages and highly visible future growth potential, including internal revenue growth, large market opportunities and simple business models.

In addition, the team also considers factors such as superior cash flow generation and high return on invested capital.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a portfolio of stocks within multiple industry groups that have superior performance.

The fund may invest up to 30% of its net assets in issuers of foreign securities, and may invest up to 25% of its net assets in securities of issuers located in emerging markets.

The fund seeks capital appreciation by investing in U.S. companies.  

The investment process focuses on identifying companies for long-term investing that meet criteria of high growth in the near- and long-term.

The research team with the help of fundamental analysis and quantitative techniques identifies companies that are established with a proven track record of earnings and are exhibiting sustained high growth potential.

The companies with new or disruptive technologies, products or services and operated by capable management are attractive to investment teams.

The fund may invest in small or medium size companies that are attractive for their rapid growth and disruptive or innovative technologies. The fund may invest up to 25% of its total assets in foreign securities.

The fund looks to invest in large-size companies with potential of earnings surprise in the near future.

Smith Asset Management Group, L.P., sub-advisor to the fund plans to build a portfolio of stocks using proprietary valuation, earnings and financial strength related metrics.

The investment selection process begins with the universe of large-, mid- and small-cap companies and narrows the list down to less than 100 companies that are expected to deliver higher than expected earnings. The research team relies on earnings quality and change in earnings expectations along with fundamental business criteria to determine the list of stocks to invest.

The fund is diversified across all sectors of the economy and top 10 holdings account for about 40% of the assets.

The fund looks to invest in large-size companies with potential of earnings surprise in the near future.

Smith Asset Management Group, L.P., sub-advisor to the fund plans to build a portfolio of stocks using proprietary valuation, earnings and financial strength related metrics.

The investment selection process begins with the universe of large-, mid- and small-cap companies and narrows the list down to less than 100 companies that are expected to deliver higher than expected earnings. The research team relies on earnings quality and change in earnings expectations along with fundamental business criteria to determine the list of stocks to invest.

The fund is diversified across all sectors of the economy and top 10 holdings account for about 40% of the assets.

The fund looks to invest in large-size companies with potential of earnings surprise in the near future.

Smith Asset Management Group, L.P., sub-advisor to the fund plans to build a portfolio of stocks using proprietary valuation, earnings and financial strength related metrics.

The investment selection process begins with the universe of large-, mid- and small-cap companies and narrows the list down to less than 100 companies that are expected to deliver higher than expected earnings. The research team relies on earnings quality and change in earnings expectations along with fundamental business criteria to determine the list of stocks to invest.

The fund is diversified across all sectors of the economy and top 10 holdings account for about 40% of the assets.

The fund seeks to invest in small to large-cap companies with a track record of earnings and cash flow.  

The stock selection process is fundamental research driven and portfolio construction is focused on limiting the downside market risks. With 60 to 80 stocks in portfolio, the fund has about 45% of its assets in top 10 holdings.

The fund is diversified across all economic sectors in the market based on the macro-economic views held by the investment team. The active investment style is likely to generate higher turnover in the fund if market volatility persists.

The fund seeks to invest in small to large-cap companies with a track record of earnings and cash flow.  

The stock selection process is fundamental research driven and portfolio construction is focused on limiting the downside market risks. With 60 to 80 stocks in portfolio, the fund has about 45% of its assets in top 10 holdings.

The fund is diversified across all economic sectors in the market based on the macro-economic views held by the investment team. The active investment style is likely to generate higher turnover in the fund if market volatility persists.

The fund seeks to invest in small to large-cap companies with a track record of earnings and cash flow.  

The stock selection process is fundamental research driven and portfolio construction is focused on limiting the downside market risks. With 60 to 80 stocks in portfolio, the fund has about 45% of its assets in top 10 holdings.

The fund is diversified across all economic sectors in the market based on the macro-economic views held by the investment team. The active investment style is likely to generate higher turnover in the fund if market volatility persists.

The fund seeks to invest in small to large-cap companies with a track record of earnings and cash flow.  

The stock selection process is fundamental research driven and portfolio construction is focused on limiting the downside market risks. With 60 to 80 stocks in portfolio, the fund has about 45% of its assets in top 10 holdings.

The fund is diversified across all economic sectors in the market based on the macro-economic views held by the investment team. The active investment style is likely to generate higher turnover in the fund if market volatility persists.

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

The investment process is driven by fundamental analysis to identify companies that demonstrate superior long-term growth characteristics.

The process also looks for companies that have sustainable earnings prospects and reasonably valued stock prices.

Then the research team focuses on companies that do not have strong earnings histories but do have other attributes that may contribute to accelerated growth in the near future.

In addition, the team relies on an economic analysis of companies across a range of industries, including, but not limited to, investments in the technology sector.

The team then with the help of fundamental research identifies companies that meet earnings, return on capital and growth criteria, are leaders in an industry niche, and are consistent producers and/or exhibit sustainable growth.

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

The fund has the flexibility to invest its net assets in small capitalization companies too.

The fund seeks capital appreciation by investing U.S. companies across all market capitalizations.

The investment process starts with a list of companies in the benchmark index. Research team then narrows the list based on financial statements analysis and companies that meet broad business metrics and trend criteria are separate for additional analysis.

The team then looks for sources, nature and quality of earnings and growth and estimates long-term outlook for sustainability of acceleration of growth. The team then compares the long term based intrinsic valuation with the current market prices. The fund favors companies trading at discounts or reasonable valuations.

The fund seeks capital appreciation by investing U.S. companies across all market capitalizations.

The investment process starts with a list of companies in the benchmark index. Research team then narrows the list based on financial statements analysis and companies that meet broad business metrics and trend criteria are separate for additional analysis.

The team then looks for sources, nature and quality of earnings and growth and estimates long-term outlook for sustainability of acceleration of growth. The team then compares the long term based intrinsic valuation with the current market prices. The fund favors companies trading at discounts or reasonable valuations.

The fund seeks capital appreciation by investing U.S. companies across all market capitalizations.

The investment process starts with a list of companies in the benchmark index. Research team then narrows the list based on financial statements analysis and companies that meet broad business metrics and trend criteria are separate for additional analysis.

The team then looks for sources, nature and quality of earnings and growth and estimates long-term outlook for sustainability of acceleration of growth. The team then compares the long term based intrinsic valuation with the current market prices. The fund favors companies trading at discounts or reasonable valuations.

The fund seeks capital appreciation by investing U.S. companies across all market capitalizations.

The investment process starts with a list of companies in the benchmark index. Research team then narrows the list based on financial statements analysis and companies that meet broad business metrics and trend criteria are separate for additional analysis.

The team then looks for sources, nature and quality of earnings and growth and estimates long-term outlook for sustainability of acceleration of growth. The team then compares the long term based intrinsic valuation with the current market prices. The fund favors companies trading at discounts or reasonable valuations.

The fund seeks to appreciate capital through long term investing in large- and mid-size companies.

The investment process focuses on identifying companies with strong balance sheets, above average earnings and cash flow growth and long runway for sustainable revenue growth. The research team then applies analytical techniques and narrows the list for the evaluation of management track record in reinvesting cash, reducing debt and acquiring new businesses.

The fund holds between 25 and 40 stocks and about 45% of total assets are allocated to top 10 holdings.

The fund seeks to appreciate capital through long term investing in large- and mid-size companies.

The investment process focuses on identifying companies with strong balance sheets, above average earnings and cash flow growth and long runway for sustainable revenue growth. The research team then applies analytical techniques and narrows the list for the evaluation of management track record in reinvesting cash, reducing debt and acquiring new businesses.

The fund holds between 25 and 40 stocks and about 45% of total assets are allocated to top 10 holdings.

The fund seeks to appreciate capital through long term investing in large- and mid-size companies.

The investment process focuses on identifying companies with strong balance sheets, above average earnings and cash flow growth and long runway for sustainable revenue growth. The research team then applies analytical techniques and narrows the list for the evaluation of management track record in reinvesting cash, reducing debt and acquiring new businesses.

The fund holds between 25 and 40 stocks and about 45% of total assets are allocated to top 10 holdings.

The fund seeks to appreciate capital through long term investing in large- and mid-size companies.

The investment process focuses on identifying companies with strong balance sheets, above average earnings and cash flow growth and long runway for sustainable revenue growth. The research team then applies analytical techniques and narrows the list for the evaluation of management track record in reinvesting cash, reducing debt and acquiring new businesses.

The fund holds between 25 and 40 stocks and about 45% of total assets are allocated to top 10 holdings.

The fund seeks to deliver positive after-tax return on capital through investing in U.S. companies across all market capitalizations.

The fund looks to invest in companies with established market presence and generating attractive returns on capital. Then the research team narrows the focus on companies with long term-growth prospects and are trading at a reasonable price in the estimate of the fund managers.

The fund generally invests in mega-size or large-size companies with market capitalizations above $50 billion.

The team with the help of deep fundamental research identifies companies with long term growth prospects and management with track records of successful capital allocation. These companies generally have long growth ramp, industry structural advantages or portfolio of innovative products and/or services with market leadership.

Buy and sell decisions are made by balancing investment considerations and tax implications and taking into account the tax liability for shareholders. The fund seeks to minimize distributions of investment income and net realized gains.

The fund seeks to deliver positive after-tax return on capital through investing in U.S. companies across all market capitalizations.

The fund looks to invest in companies with established market presence and generating attractive returns on capital. Then the research team narrows the focus on companies with long term-growth prospects and are trading at a reasonable price in the estimate of the fund managers.

The fund generally invests in mega-size or large-size companies with market capitalizations above $50 billion.

The team with the help of deep fundamental research identifies companies with long term growth prospects and management with track records of successful capital allocation. These companies generally have long growth ramp, industry structural advantages or portfolio of innovative products and/or services with market leadership.

Buy and sell decisions are made by balancing investment considerations and tax implications and taking into account the tax liability for shareholders. The fund seeks to minimize distributions of investment income and net realized gains.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 utilizes a fundamental approach to identify companies whose earnings growth rate exceeds that of their peer group.

The team relies on its proprietary 10-step research process to assess each company’s specific competitive advantages, management strengths/weaknesses, growth drivers and risks, as well as financial and valuation models.

The team prefers companies with perceived leadership positions and competitive advantages in niche markets not yet recognized by investors.

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

The manager can invest in companies from a wide range of industries and of various sizes.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 utilizes a fundamental approach to identify companies whose earnings growth rate exceeds that of their peer group.

The team relies on its proprietary 10-step research process to assess each company’s specific competitive advantages, management strengths/weaknesses, growth drivers and risks, as well as financial and valuation models.

The team prefers companies with perceived leadership positions and competitive advantages in niche markets not yet recognized by investors.

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

The manager can invest in companies from a wide range of industries and of various sizes.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 utilizes a fundamental approach to identify companies whose earnings growth rate exceeds that of their peer group.

The team relies on its proprietary 10-step research process to assess each company’s specific competitive advantages, management strengths/weaknesses, growth drivers and risks, as well as financial and valuation models.

The team prefers companies with perceived leadership positions and competitive advantages in niche markets not yet recognized by investors.

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

The manager can invest in companies from a wide range of industries and of various sizes.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 utilizes a fundamental approach to identify companies whose earnings growth rate exceeds that of their peer group.

The team relies on its proprietary 10-step research process to assess each company’s specific competitive advantages, management strengths/weaknesses, growth drivers and risks, as well as financial and valuation models.

The team prefers companies with perceived leadership positions and competitive advantages in niche markets not yet recognized by investors.

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

The manager can invest in companies from a wide range of industries and of various sizes.

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

The investment process is designed to highlight companies in the benchmark index that are estimated to trade below their fair values relative to their future prospects.

Then the research team utilizes fundamental research to identify companies with attractive attributes. These attributes include superior and durable competitive advantages, high and sustainable returns on invested capital, competent and shareholder-oriented management, long term growth opportunities, and sustainable levels of debt.

Then the manager constructs a focused portfolio of approximately 15 to 30 securities that are trading at a discount to their estimated intrinsic value.

The fund is non-diversified, which means it can invest in fewer securities at any one time than a diversified fund.

Also, from time to time the fund may invest a significant portion of its assets in a limited number of industry sectors.

The fund has the flexibility to maintain without limitation a significant portion of its net assets in cash or cash-equivalents like money market funds, certificates of deposit and short-term debt obligations.

The fund may invest in securities of foreign issuers, including American Depositary Receipts.

The fund may also invest in fixed income securities without regard to maturity and duration.

The fund seeks primarily capital appreciation and secondarily current income from interest or dividends by investing in companies across any size in 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 emphasizes companies that are experiencing positive and sustainable fundamental changes.

The team then analyzes each company’s prospects, returns, past and expected future performance, and the quality of its corporate management and capital allocation.

Then the team utilizes fundamental analysis to review a company’s pre-tax margins, return on equity and cash flow, and earnings trends.

The investment team further evaluates the capital allocation strategy of these companies.

Then the manager constructs a portfolio that typically has between 30 and 50 holdings and includes stocks that are diversified by company size, economic sector, business geography, valuation, and financial strength.

The manager selects securities based on the fundamental operating performance of individual companies relative to other available investments.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average earnings growth potential.

The strategy is based on the premise that stock prices follow earnings growth.

Then the research team utilizes quantitative techniques to select companies estimated to grow earnings faster than the market, with an emphasis on quality.

The team employs a go-anywhere approach in favoring companies with growth catalysts, such as new products, acquisitions or turnaround situations.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average earnings growth potential.

The strategy is based on the premise that stock prices follow earnings growth.

Then the research team utilizes quantitative techniques to select companies estimated to grow earnings faster than the market, with an emphasis on quality.

The team employs a go-anywhere approach in favoring companies with growth catalysts, such as new products, acquisitions or turnaround situations.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential. Growth may be measured by factors such as earnings or revenue.

The research team focuses on companies operating in well-positioned industries and niches that are capable of delivering persistent sales and earnings growth.

Through this approach the team identifies companies that have the potential to unlock shareholder value through either a growth-enhancing product cycle or an internal catalyst such as a turnaround or acquisition.

In selecting growth stocks, the team focuses on companies whose growth potential is underappreciated by investors.

Additionally, the investment team seeks companies that fund their own growth through the cash they generate and benefit from management teams focused on creating long-term shareholder value.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager invests across a spectrum of companies, from well-established to aggressive growth.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit above-average growth potential. Growth may be measured by factors such as earnings or revenue.

The research team focuses on companies operating in well-positioned industries and niches that are capable of delivering persistent sales and earnings growth.

Through this approach the team identifies companies that have the potential to unlock shareholder value through either a growth-enhancing product cycle or an internal catalyst such as a turnaround or acquisition.

In selecting growth stocks, the team focuses on companies whose growth potential is underappreciated by investors.

Additionally, the investment team seeks companies that fund their own growth through the cash they generate and benefit from management teams focused on creating long-term shareholder value.

Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The manager invests across a spectrum of companies, from well-established to aggressive growth.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit the potential for accelerated earnings or revenue growth.

Then the research team looks to buy stocks of high-quality companies that exhibit persistent growth and generate positive free cash flow.

The team believes that these companies can outperform the market over time when purchased at reasonable prices.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

The process utilizes a research driven approach to uncover opportunities that are trading at a discount to their estimated intrinsic value and/or growth prospects not yet recognized by investors.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund focuses investments in medium-sized companies, but may also invest substantially in larger or smaller companies.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit the potential for accelerated earnings or revenue growth.

Then the research team looks to buy stocks of high-quality companies that exhibit persistent growth and generate positive free cash flow.

The team believes that these companies can outperform the market over time when purchased at reasonable prices.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

The process utilizes a research driven approach to uncover opportunities that are trading at a discount to their estimated intrinsic value and/or growth prospects not yet recognized by investors.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund focuses investments in medium-sized companies, but may also invest substantially in larger or smaller companies.

The fund has the flexibility to invest in domestic and foreign issuers.

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

The investment process is designed to highlight companies in the benchmark index that exhibit the potential for accelerated earnings or revenue growth.

Then the research team looks to buy stocks of high-quality companies that exhibit persistent growth and generate positive free cash flow.

The team believes that these companies can outperform the market over time when purchased at reasonable prices.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

The process utilizes a research driven approach to uncover opportunities that are trading at a discount to their estimated intrinsic value and/or growth prospects not yet recognized by investors.

Additionally, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund focuses investments in medium-sized companies, but may also invest substantially in larger or smaller companies.

The fund has the flexibility to invest in domestic and foreign issuers.

The fund seeks to provide total return that replicate the price and yield performance of the benchmark index before fees and expenses by investing in companies in 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 investable opportunities.

Next the research team utilizes sampling techniques to evaluate a company on factors such as capitalization, industry exposures, dividend yield, and valuation multiples such as earnings, book value and earnings growth.

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

The fund has the flexibility to lend securities to earn income and is non-diversified.

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

The investment process is designed to highlight dynamic growth companies listed on the Nasdaq stock exchange.

The process focuses in securities principally traded on NASDAQ or an over-the-counter market, which has more small and medium-sized companies than other markets.

Then the research team focuses on companies demonstrating above-average earnings growth potential with sustainable business models, whose rate and/or durability of growth potential is underappreciated by investors.

The research team looks for companies with the presence of near-term catalysts such as product cycles, a change in management and turnaround situations.

The team believes finding companies with a competitive advantage, pricing power and strong management teams will deliver superior earnings over the long term.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to investing more than 25% of its net assets in the technology sector.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

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

The investment process is designed to highlight dynamic growth companies listed on the Nasdaq stock exchange.

The process focuses in securities principally traded on NASDAQ or an over-the-counter market, which has more small and medium-sized companies than other markets.

Then the research team focuses on companies demonstrating above-average earnings growth potential with sustainable business models, whose rate and/or durability of growth potential is underappreciated by investors.

The research team looks for companies with the presence of near-term catalysts such as product cycles, a change in management and turnaround situations.

The team believes finding companies with a competitive advantage, pricing power and strong management teams will deliver superior earnings over the long term.

Next, the research team is driven by fundamental analysis to focus on identifying discrepancies between a security’s fundamental value and its market price.

Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

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

The fund has the flexibility to investing more than 25% of its net assets in the technology sector.

The fund has the flexibility to invest in domestic and foreign issuers, and may invest in growth or value stocks or both.

The fund seeks total return by investing in companies in the United States.

The investment process is designed to highlight companies in the benchmark index that have above average intellectual property portfolios.

The process relies on fundamental analysis to identify undervalued companies with strong business models, which may provide for lower levels of market volatility or non-correlated volatility,

In selecting securities for the fund, the research team focuses on factors such as superior earnings and dividend growth.

The team considers companies that have established markets and operations and generate excess cash flow. Other attributes in focus would be a company’s ability to thrive in good markets and survive potential economic setbacks.

Then the manager employs detailed quantitative assessments to construct the portfolio.

The manager assesses the strength of the company’s intellectual property portfolio, consistency of earnings growth, dividend yield, and availability at reasonable earnings valuation multiple.

In addition, the manager may also invest in companies that are experiencing a special situation. Developments creating special situations may include new intellectual property developments, intellectual property licensing deals, mergers, spin-offs, litigation resolutions, new products or management changes.

The fund also seeks to generate income by selling options against the risk taken by owning common stocks.

The fund is non-diversified which means that it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.

The fund seeks total return by investing in companies in the United States.

The investment process is designed to highlight companies in the benchmark index that have above average intellectual property portfolios.

The process relies on fundamental analysis to identify undervalued companies with strong business models, which may provide for lower levels of market volatility or non-correlated volatility,

In selecting securities for the fund, the research team focuses on factors such as superior earnings and dividend growth.

The team considers companies that have established markets and operations and generate excess cash flow. Other attributes in focus would be a company’s ability to thrive in good markets and survive potential economic setbacks.

Then the manager employs detailed quantitative assessments to construct the portfolio.

The manager assesses the strength of the company’s intellectual property portfolio, consistency of earnings growth, dividend yield, and availability at reasonable earnings valuation multiple.

In addition, the manager may also invest in companies that are experiencing a special situation. Developments creating special situations may include new intellectual property developments, intellectual property licensing deals, mergers, spin-offs, litigation resolutions, new products or management changes.

The fund also seeks to generate income by selling options against the risk taken by owning common stocks.

The fund is non-diversified which means that it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.

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

The investment process is designed to highlight companies in the benchmark index demonstrating accelerating growth, increasing profitability, or above average growth or growth potential.

Then the research team utilizes fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.

In seeking sustainable growth characteristics, the research team looks for companies that have the potential for sustainable earnings and cash flow growth.

The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.

In assessing value, the investment team considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.

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

The fund, from time to time, may have significant positions in particular sectors, such as technology, healthcare and consumer discretionary.

The fund may make private investments in companies whose securities are not publicly traded including companies that have not yet issued securities publicly in an initial public offering.

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

The investment process is designed to highlight companies in the benchmark index demonstrating accelerating growth, increasing profitability, or above average growth or growth potential.

Then the research team utilizes fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.

In seeking sustainable growth characteristics, the research team looks for companies that have the potential for sustainable earnings and cash flow growth.

The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.

In assessing value, the investment team considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.

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

The fund, from time to time, may have significant positions in particular sectors, such as technology, healthcare and consumer discretionary.

The fund may make private investments in companies whose securities are not publicly traded including companies that have not yet issued securities publicly in an initial public offering.

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

The investment process is designed to highlight companies in the benchmark index demonstrating accelerating growth, increasing profitability, or above average growth or growth potential.

Then the research team utilizes fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.

In seeking sustainable growth characteristics, the research team looks for companies that have the potential for sustainable earnings and cash flow growth.

The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.

In assessing value, the investment team considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.

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

The fund, from time to time, may have significant positions in particular sectors, such as technology, healthcare and consumer discretionary.

The fund may make private investments in companies whose securities are not publicly traded including companies that have not yet issued securities publicly in an initial public offering.

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

The investment process is designed to highlight companies in the benchmark index demonstrating accelerating growth, increasing profitability, or above average growth or growth potential.

Then the research team utilizes fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.

In seeking sustainable growth characteristics, the research team looks for companies that have the potential for sustainable earnings and cash flow growth.

The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.

In assessing value, the investment team considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.

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

The fund, from time to time, may have significant positions in particular sectors, such as technology, healthcare and consumer discretionary.

The fund may make private investments in companies whose securities are not publicly traded including companies that have not yet issued securities publicly in an initial public offering.

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

The investment process is designed to highlight companies in the benchmark index demonstrating accelerating growth, increasing profitability, or above average growth or growth potential.

Then the research team utilizes fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.

In seeking sustainable growth characteristics, the research team looks for companies that have the potential for sustainable earnings and cash flow growth.

The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.

In assessing value, the investment team considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.

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

The fund, from time to time, may have significant positions in particular sectors, such as technology, healthcare and consumer discretionary.

The fund may make private investments in companies whose securities are not publicly traded including companies that have not yet issued securities publicly in an initial public offering.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The investment team looks to purchase these high quality business franchises at reasonable valuation levels.

Then the research team evaluates a company’s discounted free cash flow, relative multiples and private market value.

Other factors in consideration include favorable long-term prospects and valuation of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in both value and growth companies.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process relies on fundamental analysis to identify high quality businesses with sustainable growth models and attractive franchise, and operated by management teams with proven track record.

The research team combines fundamental research and quantitative factors to identify potential investment opportunities.

Then the team evaluates a company on the basis of quantitative factors, such as quality, valuation and volatility.

Other factors in consideration include favorable long-term prospects of companies when selecting securities.

The Investment team also integrates environmental, social and governance factors as part of its fundamental research process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may invest up to 20% of its net assets in fixed income securities including high yield fixed income securities, such as government, corporate and bank debt obligations.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

The Investment team integrates environmental, social and governance factors as part of its research process.

Then the research team utilizes fundamental analysis to identify high-quality businesses with sustainable growth models and attractive franchises, favorable long-term prospects, and operated by management teams with proven track record.

The team also considers valuation of companies in the stock selection process.

Then the manager constructs a broadly diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.

The fund may also invest in privately held companies and companies that only recently began to trade publicly.

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

The investment process is designed to highlight companies in the benchmark index exhibiting future growth potential at attractive valuations. The process seeks to capitalize on market inefficiencies.

Then the research team narrows the investable universe to a subset of companies to identify potential investment opportunities.

The fundamental investment process evaluates each business based on financial strength, sustainability of earnings growth, and quality of management.

The team utilizes a proprietary screening process to identify companies based on factors such as rates of return on equity and total capital, margin stability and profitability.

In addition, the team employs rigorous fundamental analysis to identify companies that reflect higher quality opportunities on a forward-looking basis.

Specifically, the team focuses on companies that are reasonably priced and have strong fundamental business characteristics and sustainable and durable earnings growth.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a portfolio of companies favored by the research team exhibiting above-average rates of earnings growth.

The manager has the flexibility to invest in any economic sector and, at times, emphasize one or more particular industries or sectors in the portfolio.

The fund also may invest in securities of foreign companies in both developed and emerging markets.

The fund may invest in initial public offerings.

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

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

The investment process is designed to highlight companies in the benchmark index exhibiting future growth potential at attractive valuations. The process seeks to capitalize on market inefficiencies.

Then the research team narrows the investable universe to a subset of companies to identify potential investment opportunities.

The fundamental investment process evaluates each business based on financial strength, sustainability of earnings growth, and quality of management.

The team utilizes a proprietary screening process to identify companies based on factors such as rates of return on equity and total capital, margin stability and profitability.

In addition, the team employs rigorous fundamental analysis to identify companies that reflect higher quality opportunities on a forward-looking basis.

Specifically, the team focuses on companies that are reasonably priced and have strong fundamental business characteristics and sustainable and durable earnings growth.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a portfolio of companies favored by the research team exhibiting above-average rates of earnings growth.

The manager has the flexibility to invest in any economic sector and, at times, emphasize one or more particular industries or sectors in the portfolio.

The fund also may invest in securities of foreign companies in both developed and emerging markets.

The fund may invest in initial public offerings.

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

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

The investment process is designed to highlight companies in the benchmark index exhibiting future growth potential at attractive valuations. The process seeks to capitalize on market inefficiencies.

Then the research team narrows the investable universe to a subset of companies to identify potential investment opportunities.

The fundamental investment process evaluates each business based on financial strength, sustainability of earnings growth, and quality of management.

The team utilizes a proprietary screening process to identify companies based on factors such as rates of return on equity and total capital, margin stability and profitability.

In addition, the team employs rigorous fundamental analysis to identify companies that reflect higher quality opportunities on a forward-looking basis.

Specifically, the team focuses on companies that are reasonably priced and have strong fundamental business characteristics and sustainable and durable earnings growth.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a portfolio of companies favored by the research team exhibiting above-average rates of earnings growth.

The manager has the flexibility to invest in any economic sector and, at times, emphasize one or more particular industries or sectors in the portfolio.

The fund also may invest in securities of foreign companies in both developed and emerging markets.

The fund may invest in initial public offerings.

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

The fund seeks to replicate total return performance of the Guggenheim Directional Allocation Index before fees and expenses by investing in mega-and large-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index demonstrating a high Required Business Performance probability. The RBP Probability scores indicate the probability that the company will achieve its business performance in the future.

Then the research team focuses on companies that are believed to have the highest RBP probabilities.

The investment team relies on a passive investing style to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

At times, it may not be possible or practicable to buy all of the securities of the Index, or to replicate the weightings in the Index. Then the team utilizes a sampling technique to select securities with a similar investment profile as the index in terms of key risk factors, and performance attributes.

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

The Index allocates its holdings among the stocks in the Guggenheim RBP Large-Cap Market Index, the Guggenheim RBP Large-Cap Aggressive Index and the Guggenheim RBP Large-Cap Defensive Index and cash.

The allocations are based on a moving average crossover system of analysis that focuses on economic condition, consumer sentiment and market momentum.

The portfolio is concentrated and the fund has the flexibility to hold 25% or more of its net assets in a particular industry or sector to approximately the same extent that the Index is so concentrated.

The fund also may invest up to 20% of its net assets in common stocks and real estate investment trusts not included in the index, as well as in exchange-traded funds, futures, put and call options, interest rate, index and total return swap contracts, cash and cash equivalents.

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

The fund manages assets by hiring sub-advisers and currently works with five. To reduce volatility and downside risk, the fund prefers a multi-manager investing approach.

The sub-advisors are Brown Advisory, LLC, ClearBridge Investments, LLC, Loomis, Sayles & Company, L.P., Parametric Portfolio Associates LLC, and Sands Capital Management, LLC.

The sub-advisers’ investment process focuses on companies that have above-average revenue and earnings growth potential.

Next, the sub-advisers rely on fundamental techniques to select companies on the basis of factors such as revenue and earnings growth or unanticipated positive earnings.

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

The manager may at times focus its investments in one or a few particular economic sectors.

The fund has the flexibility to invest its uninvested cash in high-quality, short-term debt securities, which may include repurchase agreements and high-quality money market instruments.

The fund also may invest uninvested cash in the GuideStone Funds Money Market Fund.

However, the fund may not invest in any company that is publicly recognized, as determined by GuideStone Financial Resources of the Southern Baptist Convention as being in the alcohol, tobacco, gambling, pornography or abortion industries.

The fund also avoids investing in any company whose products, services or activities are publicly recognized as being incompatible with the moral and ethical posture of GuideStone Financial Resources.

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

The fund manages assets by hiring sub-advisers and currently works with five. To reduce volatility and downside risk, the fund prefers a multi-manager investing approach.

The sub-advisors are Brown Advisory, LLC, ClearBridge Investments, LLC, Loomis, Sayles & Company, L.P., Parametric Portfolio Associates LLC, and Sands Capital Management, LLC.

The sub-advisers’ investment process focuses on companies that have above-average revenue and earnings growth potential.

Next, the sub-advisers rely on fundamental techniques to select companies on the basis of factors such as revenue and earnings growth or unanticipated positive earnings.

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

The manager may at times focus its investments in one or a few particular economic sectors.

The fund has the flexibility to invest its uninvested cash in high-quality, short-term debt securities, which may include repurchase agreements and high-quality money market instruments.

The fund also may invest uninvested cash in the GuideStone Funds Money Market Fund.

However, the fund may not invest in any company that is publicly recognized, as determined by GuideStone Financial Resources of the Southern Baptist Convention as being in the alcohol, tobacco, gambling, pornography or abortion industries.

The fund also avoids investing in any company whose products, services or activities are publicly recognized as being incompatible with the moral and ethical posture of GuideStone Financial Resources.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that demonstrate long-term growth potential.

In selecting securities for the portfolio, the research team utilizes fundamental analysis to identify companies with accelerating operating characteristics.

Then the team constructs a diversified portfolio that represents a wide range of industries, companies, and market capitalizations.

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

The fund may invest in securities of any market capitalization, but tends to focus on medium and large companies.

The fund may invest up to 25% of its net assets in securities of foreign issuers.

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

The investment process is designed to identify the various trends in the equity market.

To this end, the fund utilizes the HCM-BuyLine, its proprietary quantitative investment model to determine when it should be invested or not be invested in the market.

The HCM-BuyLine uses trend analysis to help identify the broad trend in the equity market. Depending on the current trend, the research team increases or reduces the fund’s exposure to equities.

Also, a number of indicators comprise the HCM-BuyLine, with the ratio of new highs to new lows over different time horizons having the heaviest weight.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on the strength of the trend identified by the HCM-BuyLine.

The fund will either be fully invested in equity securities, or will invest in cash and cash equivalents and/or put options depending on the strength of the trend.

When the fund is in the market, the portfolio will be comprised of equities of companies whose earnings are growing, while the remaining portion of the portfolio will be invested in investment companies.

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

The investment process is designed to identify the various trends in the equity market.

To this end, the fund utilizes the HCM-BuyLine, its proprietary quantitative investment model to determine when it should be invested or not be invested in the market.

The HCM-BuyLine uses trend analysis to help identify the broad trend in the equity market. Depending on the current trend, the research team increases or reduces the fund’s exposure to equities.

Also, a number of indicators comprise the HCM-BuyLine, with the ratio of new highs to new lows over different time horizons having the heaviest weight.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on the strength of the trend identified by the HCM-BuyLine.

The fund will either be fully invested in equity securities, or will invest in cash and cash equivalents and/or put options depending on the strength of the trend.

When the fund is in the market, the portfolio will be comprised of equities of companies whose earnings are growing, while the remaining portion of the portfolio will be invested in investment companies.

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

The investment process is designed to identify the various trends in the equity market.

To this end, the fund utilizes the HCM-BuyLine, its proprietary quantitative investment model to determine when it should be invested or not be invested in the market.

The HCM-BuyLine uses trend analysis to help identify the broad trend in the equity market. Depending on the current trend, the research team increases or reduces the fund’s exposure to equities.

Also, a number of indicators comprise the HCM-BuyLine, with the ratio of new highs to new lows over different time horizons having the heaviest weight.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on the strength of the trend identified by the HCM-BuyLine.

The fund will either be fully invested in equity securities, or will invest in cash and cash equivalents and/or put options depending on the strength of the trend.

When the fund is in the market, the portfolio will be comprised of equities of companies whose earnings are growing, while the remaining portion of the portfolio will be invested in investment companies.

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

The investment process is designed to identify the various trends in the equity market.

To this end, the fund utilizes the HCM-BuyLine, its proprietary quantitative investment model to determine when it should be invested or not be invested in the market.

The HCM-BuyLine uses trend analysis to help identify the broad trend in the equity market. Depending on the current trend, the research team increases or reduces the fund’s exposure to equities.

Also, a number of indicators comprise the HCM-BuyLine, with the ratio of new highs to new lows over different time horizons having the heaviest weight.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on the strength of the trend identified by the HCM-BuyLine.

The fund will either be fully invested in equity securities, or will invest in cash and cash equivalents and/or put options depending on the strength of the trend.

When the fund is in the market, the portfolio will be comprised of equities of companies whose earnings are growing, while the remaining portion of the portfolio will be invested in investment companies.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that are trading at a discount to their estimated intrinsic value.

Then the research team focuses on companies with reasonable valuations, above-average earnings, return on capital and growth potential.

The team emphasizes companies with the ability to reinvest profits at higher rates.

Then the manager constructs a highly concentrated portfolio of approximately 20 holdings which are conviction weighted.

The manager estimates to hold companies for at least five to 10 years or longer, resulting in low portfolio turnover.

The fund has the flexibility to hold a significant portion of its portfolio in cash or cash equivalent instruments from time to time.

The fund may also invest in securities of foreign companies listed on U.S. national securities exchanges, or through American Depositary Receipts or traded on foreign exchanges.

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

The sub-adviser’s investment process is designed to highlight companies in the benchmark index that are trading at a discount to their estimated intrinsic value.

Then the research team focuses on companies with reasonable valuations, above-average earnings, return on capital and growth potential.

The team emphasizes companies with the ability to reinvest profits at higher rates.

Then the manager constructs a highly concentrated portfolio of approximately 20 holdings which are conviction weighted.

The manager estimates to hold companies for at least five to 10 years or longer, resulting in low portfolio turnover.

The fund has the flexibility to hold a significant portion of its portfolio in cash or cash equivalent instruments from time to time.

The fund may also invest in securities of foreign companies listed on U.S. national securities exchanges, or through American Depositary Receipts or traded on foreign exchanges.

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

The investment process is designed to highlight companies in the benchmark index that adhere to Islamic principles.

The investment team believes the prices of these companies will increase over the long term.

Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The team focuses on factors such as a company’s anticipated value, history of earnings growth, and possible turn around, among other things.

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

The manager will not invest in businesses involved in alcohol, pornography and gambling and avoid investments in interest bearing debt obligations or businesses that derive interest income as their primary source of income.

The manager holds any uninvested cash in non-interest bearing deposits or invested in a manner following Islamic principles.

The fund may invest in growth or value stocks, but a majority of its investments will be of the growth type.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is designed to highlight companies in the benchmark index that have earnings or revenue growth prospects.

Then the research team relies on quantitative techniques to identify companies with fundamental strength, attractive valuation relative to their growth prospects, and earnings conservatism.

The team prefers companies with consistent earnings and cash flow growth not yet recognized by investors.

In addition, the team focuses on growing companies with established business models. The research process includes meeting with company management teams, suppliers, distributors, competitors and customers.

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

The fund does not invest in companies which derive revenue from alcohol, tobacco or gambling.

The fund has the flexibility to invest up to 25% of its net assets in securities of foreign issuers, including up to 10% of its net assets in emerging markets countries.

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

The investment process is driven by fundamental analysis to buy growing companies at reasonable valuations.

The strategy emphasizes capital growth over the long term.

Then the research team looks for companies with improved productivity and having a broad distribution network and high barriers to entry.

The team favors highly capitalized companies that are market leaders and operated by management teams with proven track record driving global economic growth.

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

The manager has the flexibility to invest across a range of industries, but may overweight certain sectors.

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

The investment process is designed to highlight companies in the benchmark index that have the potential to generate attractive returns.

Then the research team relies on fundamental analysis to identify companies with established business models, high cash flows, and superior fundamentals.

The team prefers to hold these companies for three to five years or longer.

As an integral part of its evaluation, the team focuses on a company’s returns on invested capital and free cash flow generation.

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

The portfolio typically holds 65 to 85 securities.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

The fund seeks capital appreciation in the long term by investing in companies across any size in 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 rates stocks on the basis of free cash flow growth, superior market position, good risk/return profile, proven management, and attractive valuation characteristics.

Then the manager constructs a sector portfolio favored by the research team and allocates capital based on its conviction level.

The manager constructs seven sector portfolios of best ideas, regardless of market cap, geography or sub-sector.

The fund is generally fully invested but has the flexibility to hold its uninvested assets in cash or similar instruments.

The fund may also lend portfolio securities on a short-term or long-term basis.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate potential for higher growth.

The process focuses on companies that have a track record or prospects for above-average growth.

Next, the team looks for companies with leading competitive positions, sustainable business models and competent management that can deliver consistent growth.

Then the research team utilizes fundamental analysis to look for companies that exhibit potential for superior earnings growth.

The research team combines research, valuation and stock selection as part of its process.

In addition, the team also integrates environmental, social and governance factors in its investment process.

The research process also includes a review of a company’s accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies on the cash flows.

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

The fund may at any given time invest a significant portion of its net assets in companies of one particular market capitalization category, such as large capitalization companies.

The fund seeks capital appreciation in the long term and principal preservation by investing in mid-and large-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index that demonstrate earnings growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team utilizes fundamental techniques to identify companies with sustainable competitive advantage and that generate consistent high returns on capital.

Additionally, the team focuses on companies having increasing margins, cash flow strength, zero to moderate debt and that are trading at a discount to their estimated intrinsic value.

Next, the team narrows the investable universe to a list of attractively priced companies with reasonable valuations.

Then the manager constructs a concentrated portfolio of 15 to 25 securities from a list of companies favored by the research team and allocates capital based on its conviction level.

Also, the fund may not invest 25% or more of its net assets in one or more industries, and may focus its investments from time to time in one or more sectors of the economy or stock market.

The fund is non-diversified, which means that a significant portion of its net assets may be invested in the securities of a single or small number of companies and/or in a more limited number of sectors.

The fund seeks capital appreciation in the long term and principal preservation by investing in mid-and large-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index that demonstrate earnings growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team utilizes fundamental techniques to identify companies with sustainable competitive advantage and that generate consistent high returns on capital.

Additionally, the team focuses on companies having increasing margins, cash flow strength, zero to moderate debt and that are trading at a discount to their estimated intrinsic value.

Next, the team narrows the investable universe to a list of attractively priced companies with reasonable valuations.

Then the manager constructs a concentrated portfolio of 15 to 25 securities from a list of companies favored by the research team and allocates capital based on its conviction level.

Also, the fund may not invest 25% or more of its net assets in one or more industries, and may focus its investments from time to time in one or more sectors of the economy or stock market.

The fund is non-diversified, which means that a significant portion of its net assets may be invested in the securities of a single or small number of companies and/or in a more limited number of sectors.

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

The investment process starts with a list of companies in the benchmark index to identify investment opportunities.

Then the research team relies on fundamental analysis to identify companies with above-average revenue and earnings growth, high returns on shareholders’ equity, potential for above-average capital appreciation, and attractive relative valuations.

Next, the team narrows the investable universe to a list of high-quality companies demonstrating profit growth, balance sheet strength, competitive advantages, and cash flow generation characteristics.

The team also considers factors such as significant management ownership stakes, options to reinvest in attractive opportunities, and superior market share positions.

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

The fund may invest in dividend paying securities, and from time to time, may hold a significant percentage of its investments in specific sectors of the economy.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies demonstrating above-average growth prospects in the long term.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team focuses on companies with successful business concepts and industries such as the cloud and artificial intelligence and biotechnology, medical devices, and ecommerce that are leading the technology revolution.

The team believes these companies exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate growth potential.

The Investment team integrates environmental, social and governance factors as part of its process.

Then the research team relies on fundamental analysis to identify businesses with attractive franchises and operated by management teams with proven track record.

The team prefers companies that are lagging in market price for temporary reasons and trading at a significant discount to their estimated intrinsic value.

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

The fund has the flexibility to invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, and American Depositary Receipts.

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

The investment process is designed to highlight companies in the benchmark index that demonstrate above-average growth potential.

The strategy focuses on companies located in Minnesota and in the states of Illinois, Iowa, Minnesota, North Dakota, South Dakota and Wisconsin.

Then the research team prefers companies having sustainable competitive advantages and that are trading at reasonable valuations.

The team believes these companies offer high returns on invested capital.

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

The fund is generally fully invested, to maintain modest portfolio turnover rates and to moderate risk.

The fund has the flexibility to invest in securities of foreign issuers, which are listed on a U.S. stock exchange or are represented by American Depositary Receipts.

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

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

Then the research team relies on fundamental analysis to look for companies that have superior market position, are benefiting from technological advancement and growing capital even in a state of equilibrium and are in high barriers to entry industries.

The team emphasizes companies that are improving their market share through industry consolidation and have low price relative to the future cash flows.

The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may purchase shares of exchange-traded funds to establish a diversified position in a particular sector of the market or to manage cash flows.

Also, from time to time, the fund may focus its investments in one or more sectors.

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

The investment process is designed to highlight high-quality companies globally that demonstrate growth characteristics.

The process seeks to uncover attractive investment opportunities around the world.

Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The top-down analysis begins with an assessment of macro-economic factors such as global and U.S. GDP levels and direction, interest rates, inflationary and deflationary forces, employment, fiscal and monetary policy.

Other factors in consideration would be the trade policy, currency movements, credit conditions, demographic trends, the regulatory environment, and the global competitive landscape.

Through the top-down analysis, the investment team seeks to identify sectors, industries and companies that may benefit from the overall macro-economic trends.

The research process is driven by fundamental analysis of one stock at a time. In the bottom-up analysis, the research team focuses on companies that demonstrate earnings growth potential not yet recognized by the market.

The analysis also includes evaluating a company’s market share position; brand franchise, sustainability, and pricing power, scale and distribution, and fundamentals.

The analysis also considers whether a company is operated by management teams with proven track record that are committed to shareholder interests, and  looks for transformational catalysts such as a major new innovative product or new management team.

As part of the bottom-up analysis, the research team may communicate with a company’s management, and also prepare detailed earnings and cash flow models of certain companies.

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

Generally, the portfolio holds between 35 and 60 stocks that have the potential for growth in the long term.

The fund may invest without limitation in securities of foreign issuers that may be traded in the U.S. or in foreign markets or both, and may be economically tied to emerging markets.

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

The investment process is designed to highlight companies in the benchmark index with attractive growth prospects.

The process focuses on established and emerging companies to identify potential investment opportunities.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team focuses on high-quality companies that exhibit durable competitive advantages and the ability to redeploy capital at high rates of return.

The team favors companies with increasing returns on invested capital, ability to estimate future performance, superior free cash flow generation and an attractive risk/reward profile.

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

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

The fund may invest up to 25% of its net assets in securities of foreign issuers, including emerging market securities and American Depositary Receipts, Global Depositary Receipts, American Depositary Shares or Global Depositary Shares.

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

The investment process is designed to highlight companies in the benchmark index with attractive growth prospects.

The process focuses on established and emerging companies to identify potential investment opportunities.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team focuses on high-quality companies that exhibit durable competitive advantages and the ability to redeploy capital at high rates of return.

The team favors companies with increasing returns on invested capital, ability to estimate future performance, superior free cash flow generation and an attractive risk/reward profile.

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

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

The fund may invest up to 25% of its net assets in securities of foreign issuers, including emerging market securities and American Depositary Receipts, Global Depositary Receipts, American Depositary Shares or Global Depositary Shares.

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

The investment process is designed to highlight companies in the benchmark index with attractive growth prospects.

The process focuses on established and emerging companies to identify potential investment opportunities.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team focuses on high-quality companies that exhibit durable competitive advantages and the ability to redeploy capital at high rates of return.

The team favors companies with increasing returns on invested capital, ability to estimate future performance, superior free cash flow generation and an attractive risk/reward profile.

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

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

The fund may invest up to 25% of its net assets in securities of foreign issuers, including emerging market securities and American Depositary Receipts, Global Depositary Receipts, American Depositary Shares or Global Depositary Shares.

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

The investment process is designed to highlight companies in the benchmark index with attractive growth prospects.

The process focuses on established and emerging companies to identify potential investment opportunities.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team focuses on high-quality companies that exhibit durable competitive advantages and the ability to redeploy capital at high rates of return.

The team favors companies with increasing returns on invested capital, ability to estimate future performance, superior free cash flow generation and an attractive risk/reward profile.

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

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

The fund may invest up to 25% of its net assets in securities of foreign issuers, including emerging market securities and American Depositary Receipts, Global Depositary Receipts, American Depositary Shares or Global Depositary Shares.

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

The investment process is designed to highlight companies in the benchmark index with attractive growth prospects.

The process focuses on established and emerging companies to identify potential investment opportunities.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team focuses on high-quality companies that exhibit durable competitive advantages and the ability to redeploy capital at high rates of return.

The team favors companies with increasing returns on invested capital, ability to estimate future performance, superior free cash flow generation and an attractive risk/reward profile.

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

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

The fund may invest up to 25% of its net assets in securities of foreign issuers, including emerging market securities and American Depositary Receipts, Global Depositary Receipts, American Depositary Shares or Global Depositary Shares.

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

The sub-adviser’s investment process is designed to highlight companies that are trading at a significant discount to their estimated intrinsic value.

The investment team utilizes a 7-step research framework to identify potential investments.

Next, the research team emphasizes companies with durable competitive advantages, attractive cash flow returns on invested capital, management teams focused on creating value for shareholders and structural growth drivers for the long term.

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

The fund has the flexibility to invest either all of its assets or none of its assets in any particular capitalization size, or to invest a flexible combination of its assets among various capitalization sizes.

Generally, the portfolio holds between 35 and 45 stocks across a wide range of sectors and industries.

The fund may invest up to 25% of its net assets in securities of foreign issuers. Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers.

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

The sub-adviser’s investment process is designed to highlight companies that are trading at a significant discount to their estimated intrinsic value.

The investment team utilizes a 7-step research framework to identify potential investments.

Next, the research team emphasizes companies with durable competitive advantages, attractive cash flow returns on invested capital, management teams focused on creating value for shareholders and structural growth drivers for the long term.

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

The fund has the flexibility to invest either all of its assets or none of its assets in any particular capitalization size, or to invest a flexible combination of its assets among various capitalization sizes.

Generally, the portfolio holds between 35 and 45 stocks across a wide range of sectors and industries.

The fund may invest up to 25% of its net assets in securities of foreign issuers. Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers.

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

The sub-adviser’s investment process is designed to highlight companies that are trading at a significant discount to their estimated intrinsic value.

The investment team utilizes a 7-step research framework to identify potential investments.

Next, the research team emphasizes companies with durable competitive advantages, attractive cash flow returns on invested capital, management teams focused on creating value for shareholders and structural growth drivers for the long term.

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

The fund has the flexibility to invest either all of its assets or none of its assets in any particular capitalization size, or to invest a flexible combination of its assets among various capitalization sizes.

Generally, the portfolio holds between 35 and 45 stocks across a wide range of sectors and industries.

The fund may invest up to 25% of its net assets in securities of foreign issuers. Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers.

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

The sub-adviser’s investment process is designed to highlight companies that are trading at a significant discount to their estimated intrinsic value.

The investment team utilizes a 7-step research framework to identify potential investments.

Next, the research team emphasizes companies with durable competitive advantages, attractive cash flow returns on invested capital, management teams focused on creating value for shareholders and structural growth drivers for the long term.

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

The fund has the flexibility to invest either all of its assets or none of its assets in any particular capitalization size, or to invest a flexible combination of its assets among various capitalization sizes.

Generally, the portfolio holds between 35 and 45 stocks across a wide range of sectors and industries.

The fund may invest up to 25% of its net assets in securities of foreign issuers. Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers.

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

The investment process is driven by fundamental research to identify rapidly growing companies that are available at reasonable prices.

Next, the research team looks for companies with motivational management teams and offering unknown product or operating margin expansion opportunities.

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

The fund may invest in sectors including technology, healthcare, energy, specialty retail, media and business and consumer services.

The fund may engage in short sales and hold cash, and also invest in venture-backed post-IPO opportunities.

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

The investment process is driven by fundamental research to identify rapidly growing companies that are available at reasonable prices.

Next, the research team looks for companies with motivational management teams and offering unknown product or operating margin expansion opportunities.

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

The fund may invest in sectors including technology, healthcare, energy, specialty retail, media and business and consumer services.

The fund may engage in short sales and hold cash, and also invest in venture-backed post-IPO opportunities.

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

The investment process is designed to identify to highlight companies that have the potential to grow in the long term.

Then the research team focuses on high-quality companies with durable business models and a track record of consistent revenue and earnings growth.

The team emphasizes companies with a long-lasting product or service strategically placed within their industry.

In addition, the team employs fundamental analysis to look for companies with tractable balance sheets, and that have the ability to service debt and generate free cash flow to reinvest in the business or return capital to investors.

Next, the research process focuses on companies with proven management teams aligned with shareholders’ interests, and an identifiable moat to protect and enhance market share.

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

The manager believes in balancing capital appreciation potential while managing downside risk through security selection.

The fund seeks primarily capital appreciation in the long term and secondarily dividend income by investing in companies across any size in the United States.

The investment process is designed to highlight companies in the benchmark index that are estimated to trade below their fair value.

Next, the research team evaluates a company on the basis of its share price, financial condition, management's utilization of capital, and global factors.

Additionally, the team prefers companies having adequate free cash flow to pay a dividend and ability to consistently increase their dividends on an annual basis.

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

The portfolio has the flexibility to move to a defensive position by holding a higher amount of cash during periods of economic turmoil.

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

The investment process is designed to highlight companies in the benchmark index exhibiting increasing potential for profit.

Then the research team emphasizes companies with prospects for growth in revenues, earnings, dividends or asset values.

The team believes these companies may be involved in industries such as technology, medicine, capital goods, natural resources, energy, construction, transportation, finance, entertainment or service.

Additionally, the research process focuses on companies capitalizing on new industries, products, services or markets, or that are estimated to trade below their fair values.

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

The portfolio holds stocks of issuers from at least twelve different industry groups and is fully invested at all times, apart from incidental amounts of cash, cash equivalents or other high quality, short-term investments.

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

The investment process is designed to highlight companies in the benchmark index exhibiting increasing potential for profit.

Then the research team emphasizes companies with prospects for growth in revenues, earnings, dividends or asset values.

The team believes these companies may be involved in industries such as technology, medicine, capital goods, natural resources, energy, construction, transportation, finance, entertainment or service.

Additionally, the research process focuses on companies capitalizing on new industries, products, services or markets, or that are estimated to trade below their fair values.

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

The portfolio holds stocks of issuers from at least twelve different industry groups and is fully invested at all times, apart from incidental amounts of cash, cash equivalents or other high quality, short-term investments.

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

The investment process is designed to highlight companies in the benchmark index exhibiting increasing potential for profit.

Then the research team emphasizes companies with prospects for growth in revenues, earnings, dividends or asset values.

The team believes these companies may be involved in industries such as technology, medicine, capital goods, natural resources, energy, construction, transportation, finance, entertainment or service.

Additionally, the research process focuses on companies capitalizing on new industries, products, services or markets, or that are estimated to trade below their fair values.

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

The portfolio holds stocks of issuers from at least twelve different industry groups and is fully invested at all times, apart from incidental amounts of cash, cash equivalents or other high quality, short-term investments.

The fund seeks primarily high total return and secondarily current income by investing in companies across any size in the United States.

The investment process relies on fundamental analysis to look for companies offering better risk-adjusted return while preserving principal.

Next, the research team narrows the investable universe to a list of companies estimated to have the highest total return.

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

The manager invests across stocks and fixed income securities and varies the mix of stocks and bonds from time to time.

The fund invests more than 50% of its net assets in stocks and at least 25% of its net assets in fixed income senior securities.

The fund also invests in large and small companies, and includes both growth and value stocks.

Also, the fund has the flexibility to invest 15% of its nets assets in issuers of foreign securities, including in American Depositary Receipts and the securities of companies in emerging market countries.

However, the fund will only invest in emerging-market securities to the extent that such securities are listed on a U.S. exchange.

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

The investment process is driven by fundamental research to identify rapidly growing companies in the benchmark index.

Then the research team focuses on companies whose future earnings growth potential is not reflected in their current market prices.

The team attempts to identify stocks that it believes will outperform the benchmark index over a three- to five-year timeframe.

In addition, the team looks for companies with the presence of near-term catalysts such as new products, new markets, new management, restructuring, a structural shift in demand or supply, or other changes in industry dynamics.

The research process looks for companies with asset values that are not adequately reflected in their stock prices.

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

Normally the portfolio maintains a significantly overweight or underweight position in a particular sector relative to the benchmark index.

The fund may also invest its net assets in issuers of foreign securities through depository receipts or stocks traded on U.S. or foreign exchanges.

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

The investment process is designed to highlight companies in the benchmark index demonstrating above-average earnings growth potential.

The team attempts to identify stocks that it believes will outperform the benchmark index over a three- to five-year timeframe.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team focuses on companies whose future earnings growth potential is not reflected in their current market prices.

The team prefers companies exhibiting rapidly growing earnings in the near future.

In addition, the team looks for companies with the presence of near-term catalysts such as new products, new markets, new management, restructuring, a structural shift in demand or supply, or other changes in industry dynamics.

The research process looks for companies with asset values that are not adequately reflected in their stock prices.

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

Normally the portfolio maintains a significantly overweight or underweight position in a particular sector relative to the benchmark index.

The fund may also invest its net assets in issuers of foreign securities through depository receipts or stocks traded on U.S. or foreign exchanges.

The fund seeks long-term capital appreciation by investing in companies of any size that are having a positive impact on the environment, social progress, and sustainable economic growth.

The solutions and products of these impact companies may include improving water quality, reducing carbon footprint, promoting and adopting fair labor practices and shared values with stakeholders.

The investment process reviews financial strength, earnings growth, market leadership and long-term growth outlooks of potential investments. The fund may invest in non-U.S. companies.

The fund seeks long-term capital appreciation by investing in companies of any size that are having a positive impact on the environment, social progress, and sustainable economic growth.

The solutions and products of these impact companies may include improving water quality, reducing carbon footprint, promoting and adopting fair labor practices and shared values with stakeholders.

The investment process reviews financial strength, earnings growth, market leadership and long-term growth outlooks of potential investments. The fund may invest in non-U.S. companies.

The fund seeks long-term capital appreciation by investing in companies of any size that are having a positive impact on the environment, social progress, and sustainable economic growth.

The solutions and products of these impact companies may include improving water quality, reducing carbon footprint, promoting and adopting fair labor practices and shared values with stakeholders.

The investment process reviews financial strength, earnings growth, market leadership and long-term growth outlooks of potential investments. The fund may invest in non-U.S. companies.

The fund seeks long-term capital appreciation by investing in companies of any size that are having a positive impact on the environment, social progress, and sustainable economic growth.

The solutions and products of these impact companies may include improving water quality, reducing carbon footprint, promoting and adopting fair labor practices and shared values with stakeholders.

The investment process reviews financial strength, earnings growth, market leadership and long-term growth outlooks of potential investments. The fund may invest in non-U.S. companies.

The fund seeks long-term capital appreciation by investing in companies of any size that are having a positive impact on the environment, social progress, and sustainable economic growth.

The solutions and products of these impact companies may include improving water quality, reducing carbon footprint, promoting and adopting fair labor practices and shared values with stakeholders.

The investment process reviews financial strength, earnings growth, market leadership and long-term growth outlooks of potential investments. The fund may invest in non-U.S. companies.

The fund seeks long-term capital appreciation by investing in companies of any size that are having a positive impact on the environment, social progress, and sustainable economic growth.

The solutions and products of these impact companies may include improving water quality, reducing carbon footprint, promoting and adopting fair labor practices and shared values with stakeholders.

The investment process reviews financial strength, earnings growth, market leadership and long-term growth outlooks of potential investments. The fund may invest in non-U.S. companies.

The fund seeks long-term capital appreciation by investing in companies that are believed to exhibit commitment to sustainable business practices.

The investment team believes that companies with leadership in sustainable business practices also often exhibit higher profitability and durable financial returns with lower risk profiles. The investment process places emphasis on companies with demonstrated commitment to environmental, social and corporate governance policies.

The fund has the flexibility to invest in companies of any size but generally invests in large- and mega-size companies. The fund may invest in non-U.S. companies. While selecting companies, the team also considers growth and quality of earnings, competitive landscape, financial strength, growth potential and market valuation.

The fund seeks long-term capital appreciation by investing in companies that are believed to exhibit commitment to sustainable business practices.

The investment team believes that companies with leadership in sustainable business practices also often exhibit higher profitability and durable financial returns with lower risk profiles. The investment process places emphasis on companies with demonstrated commitment to environmental, social and corporate governance policies.

The fund has the flexibility to invest in companies of any size but generally invests in large- and mega-size companies. The fund may invest in non-U.S. companies. While selecting companies, the team also considers growth and quality of earnings, competitive landscape, financial strength, growth potential and market valuation.

The fund seeks long-term capital appreciation by investing in companies that are believed to exhibit commitment to sustainable business practices.

The investment team believes that companies with leadership in sustainable business practices also often exhibit higher profitability and durable financial returns with lower risk profiles. The investment process places emphasis on companies with demonstrated commitment to environmental, social and corporate governance policies.

The fund has the flexibility to invest in companies of any size but generally invests in large- and mega-size companies. The fund may invest in non-U.S. companies. While selecting companies, the team also considers growth and quality of earnings, competitive landscape, financial strength, growth potential and market valuation.

The fund seeks long-term capital appreciation by investing in companies that are believed to exhibit commitment to sustainable business practices.

The investment team believes that companies with leadership in sustainable business practices also often exhibit higher profitability and durable financial returns with lower risk profiles. The investment process places emphasis on companies with demonstrated commitment to environmental, social and corporate governance policies.

The fund has the flexibility to invest in companies of any size but generally invests in large- and mega-size companies. The fund may invest in non-U.S. companies. While selecting companies, the team also considers growth and quality of earnings, competitive landscape, financial strength, growth potential and market valuation.

The fund seeks long-term capital appreciation by investing in companies that are believed to exhibit commitment to sustainable business practices.

The investment team believes that companies with leadership in sustainable business practices also often exhibit higher profitability and durable financial returns with lower risk profiles. The investment process places emphasis on companies with demonstrated commitment to environmental, social and corporate governance policies.

The fund has the flexibility to invest in companies of any size but generally invests in large- and mega-size companies. The fund may invest in non-U.S. companies. While selecting companies, the team also considers growth and quality of earnings, competitive landscape, financial strength, growth potential and market valuation.

The fund seeks long-term capital appreciation by investing in companies that are believed to exhibit commitment to sustainable business practices.

The investment team believes that companies with leadership in sustainable business practices also often exhibit higher profitability and durable financial returns with lower risk profiles. The investment process places emphasis on companies with demonstrated commitment to environmental, social and corporate governance policies.

The fund has the flexibility to invest in companies of any size but generally invests in large- and mega-size companies. The fund may invest in non-U.S. companies. While selecting companies, the team also considers growth and quality of earnings, competitive landscape, financial strength, growth potential and market valuation.

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

The investment process is driven by fundamental analysis to identify companies with superior earnings growth potential.

The investment team believes that earnings power determines the value of a business.

Then the research team relies on quantitative techniques to look for high-quality companies demonstrating consistent growth in earnings over the long term.

The team emphasizes companies that meet earnings, return on capital and growth criteria that generate a higher return on capital and superior growth in business value, regardless of overall economic conditions.

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

The portfolio typically holds 45 to 60 stocks across many economic sectors.

The manager seeks to diversify the fund's exposure to earnings catalysts such as consumer spending, U.S. healthcare reimbursement and energy pricing. However, the fund may invest its net assets in one or more market sectors such as the industrials and/or technology sector.

The fund may invest in U.S. dollar-denominated securities of foreign issuers traded in the United States and American Depositary Receipts.

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

The investment process is driven by fundamental analysis to identify companies with superior earnings growth potential.

The investment team believes that earnings power determines the value of a business.

Then the research team relies on quantitative techniques to look for high-quality companies demonstrating consistent growth in earnings over the long term.

The team emphasizes companies that meet earnings, return on capital and growth criteria that generate a higher return on capital and superior growth in business value, regardless of overall economic conditions.

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

The portfolio typically holds 45 to 60 stocks across many economic sectors.

The manager seeks to diversify the fund's exposure to earnings catalysts such as consumer spending, U.S. healthcare reimbursement and energy pricing. However, the fund may invest its net assets in one or more market sectors such as the industrials and/or technology sector.

The fund may invest in U.S. dollar-denominated securities of foreign issuers traded in the United States and American Depositary Receipts.

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

The investment process is designed to identify high-quality companies in the benchmark index demonstrating durable competitive advantages in the long term.

The process also considers companies that have a track record of paying dividends regularly.

Next, the research team considers companies that consistently bring superior products to market and have potential for durable operating and revenue growth.

The team looks for companies with proven management teams aligned with shareholders’ interests and that allocate capital of shareholders prudently.

In addition, the team emphasizes companies that are experiencing special situations such as going through reorganizations, recapitalizations, mergers, spin-offs, or facing resolutions of litigation, management team changes, or important technological improvements or discoveries.

The team believes these companies may have opportunities for significant returns.

Other factors in consideration are selecting stocks that are trading at a discount to their estimated intrinsic value in a rapidly developing industry.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with attractive franchises that are not impacted by market fluctuations over the long-term.

Then the manager constructs a portfolio that typically holds 30 to 40 stocks and allocates capital based on its conviction level.

The manager may consider macro-economic trends, and will occasionally pursue investment themes across multiple holdings, when constructing the portfolio.

The fund has the flexibility to diversify its holdings across sectors and industries and avoids illiquid securities.

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

The investment process is designed to identify high-quality companies in the benchmark index demonstrating durable competitive advantages in the long term.

The process also considers companies that have a track record of paying dividends regularly.

Next, the research team considers companies that consistently bring superior products to market and have potential for durable operating and revenue growth.

The team looks for companies with proven management teams aligned with shareholders’ interests and that allocate capital of shareholders prudently.

In addition, the team emphasizes companies that are experiencing special situations such as going through reorganizations, recapitalizations, mergers, spin-offs, or facing resolutions of litigation, management team changes, or important technological improvements or discoveries.

The team believes these companies may have opportunities for significant returns.

Other factors in consideration are selecting stocks that are trading at a discount to their estimated intrinsic value in a rapidly developing industry.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with attractive franchises that are not impacted by market fluctuations over the long-term.

Then the manager constructs a portfolio that typically holds 30 to 40 stocks and allocates capital based on its conviction level.

The manager may consider macro-economic trends, and will occasionally pursue investment themes across multiple holdings, when constructing the portfolio.

The fund has the flexibility to diversify its holdings across sectors and industries and avoids illiquid securities.

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

The investment process is designed to identify high-quality companies in the benchmark index demonstrating durable competitive advantages in the long term.

The process also considers companies that have a track record of paying dividends regularly.

Next, the research team considers companies that consistently bring superior products to market and have potential for durable operating and revenue growth.

The team looks for companies with proven management teams aligned with shareholders’ interests and that allocate capital of shareholders prudently.

In addition, the team emphasizes companies that are experiencing special situations such as going through reorganizations, recapitalizations, mergers, spin-offs, or facing resolutions of litigation, management team changes, or important technological improvements or discoveries.

The team believes these companies may have opportunities for significant returns.

Other factors in consideration are selecting stocks that are trading at a discount to their estimated intrinsic value in a rapidly developing industry.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with attractive franchises that are not impacted by market fluctuations over the long-term.

Then the manager constructs a portfolio that typically holds 30 to 40 stocks and allocates capital based on its conviction level.

The manager may consider macro-economic trends, and will occasionally pursue investment themes across multiple holdings, when constructing the portfolio.

The fund has the flexibility to diversify its holdings across sectors and industries and avoids illiquid securities.

The fund seeks capital appreciation in the long term by investing in mid-and large-size companies in 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 looks for companies demonstrating above-average earnings growth potential that are trading at reasonable valuations.

Then the research team relies on top-down macroeconomic analysis to consider themes, such as globalization, demographics, productivity and innovation.

Next, the team focuses on companies with earnings growth potential that exceeds the overall market.

Additionally, the research team evaluates factors such as the company’s specific market opportunity, fundamentals, track record of management teams, and commitment to shareholder interests.

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

The portfolio typically holds 30 to 40 stocks across a select set of sectors.

The fund may invest in real estate investment trusts, securities of foreign companies and American Depositary Receipts.

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

The investment process utilizes a proprietary investment model to identify companies with above-average capital growth potential.

Next, the research team focuses on companies that exhibit earnings momentum strength, including factors such as growing profit margins, rapidly increasing earnings, positive earnings surprises, positive earnings estimate revisions, and positive relative price strength.

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

The portfolio holds stocks across all market capitalizations based on an evaluation of the relative opportunities and risks of each category.

At times, the fund may invest in the healthcare and/or technology sector.

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

The investment process utilizes a proprietary investment model to identify companies with above-average capital growth potential.

Next, the research team focuses on companies that exhibit earnings momentum strength, including factors such as growing profit margins, rapidly increasing earnings, positive earnings surprises, positive earnings estimate revisions, and positive relative price strength.

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

The portfolio holds stocks across all market capitalizations based on an evaluation of the relative opportunities and risks of each category.

At times, the fund may invest in the healthcare and/or technology sector.

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

The investment process utilizes a proprietary investment model to identify companies with above-average capital growth potential.

Next, the research team focuses on companies that exhibit earnings momentum strength, including factors such as growing profit margins, rapidly increasing earnings, positive earnings surprises, positive earnings estimate revisions, and positive relative price strength.

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

The portfolio holds stocks across all market capitalizations based on an evaluation of the relative opportunities and risks of each category.

At times, the fund may invest in the healthcare and/or technology sector.

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

The investment process starts with companies in the benchmark index that have a track record of above-average earnings growth. The research team employs quantitative research to identify companies that have successfully overcome their “start-up” years and offer proven products and/or services.

Next, the team narrows the list to those companies that are estimated to durable earnings and sustainable business models.

The team also focuses on companies that exhibit accelerated earnings growth with experienced management teams.

The fund has the flexibility to invest in a stock that could benefit from an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management in the future.

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

The investment process starts with companies in the benchmark index that have a track record of above-average earnings growth. The research team employs quantitative research to identify companies that have successfully overcome their “start-up” years and offer proven products and/or services.

Next, the team narrows the list to those companies that are estimated to durable earnings and sustainable business models.

The team also focuses on companies that exhibit accelerated earnings growth with experienced management teams.

The fund has the flexibility to invest in a stock that could benefit from an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management in the future.

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

The investment process starts with companies in the benchmark index that have a track record of above-average earnings growth. The research team employs quantitative research to identify companies that have successfully overcome their “start-up” years and offer proven products and/or services.

Next, the team narrows the list to those companies that are estimated to durable earnings and sustainable business models.

The team also focuses on companies that exhibit accelerated earnings growth with experienced management teams.

The fund has the flexibility to invest in a stock that could benefit from an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management in the future.

The fund seeks primarily capital appreciation and growth of income in the long-term and secondarily current income by investing in companies across any size in the United States.

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

The fund seeks to invest its net assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund may from time to time invest in a money market fund.

Then the research team relies on a broad exposure to several markets to lessen the impact of declining markets and benefit from good performance in particular market segments over time.

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

The fund can invest in funds holding U.S. and international stocks, stocks of companies involved in activities related to commodities and other real assets, and across all stock styles and market capitalizations.

The fund seeks to maximize after-tax growth of capital by investing in companies across any size in the United States.

The investment process employs a buy-and-hold strategy to focus on attractively valued companies that exhibit growth characteristics.

Next, the research team combines fundamental, bottom-up analysis and top-down quantitative strategies to identify investment opportunities.

The team prefers high-quality companies having the potential for capital growth in the long term.

Then the team narrows the investable universe to a list of companies with sustainable revenue, earnings, and cash flow growth, capable management team, attractive business niches, and a durable competitive advantage.

The research team also assesses a company on the basis of valuation multiples such as earnings, and looks for companies that have the ability to pay dividends.

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

The fund may invest a portion of its net assets in the technology sector.

The fund seeks to maximize after-tax growth of capital by investing in companies across any size in the United States.

The investment process employs a buy-and-hold strategy to focus on attractively valued companies that exhibit growth characteristics.

Next, the research team combines fundamental, bottom-up analysis and top-down quantitative strategies to identify investment opportunities.

The team prefers high-quality companies having the potential for capital growth in the long term.

Then the team narrows the investable universe to a list of companies with sustainable revenue, earnings, and cash flow growth, capable management team, attractive business niches, and a durable competitive advantage.

The research team also assesses a company on the basis of valuation multiples such as earnings, and looks for companies that have the ability to pay dividends.

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

The fund may invest a portion of its net assets in the technology sector.

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

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

Next, the research team focuses on companies that exhibit superior capital appreciation potential.

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

The portfolio is invested across a range of industry sectors, however the financial services, technology and/or pharmaceutical/health care sectors are likely to be overweight compared to others.

Also, the manager is not constrained by sector to identify potential investment opportunities.

The fund has the flexibility to invest up to 45% of its net assets in securities of foreign issuers, including multinational and emerging market securities.

The fund is non-diversified, which means that it may take larger positions in a small number of companies than a diversified fund.

Additionally, the fund has the flexibility to take temporary defensive positions in cash or cash equivalents in response to adverse market, economic, political, or other conditions.

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

The investment process is designed to highlight excellent companies in the benchmark index that demonstrate attractive prospects for growth.

The investment team employs a proprietary TFCM Core Growth Strategy when selecting securities for the fund.

Next, the research team combines qualitative and quantitative techniques to identify potential investment opportunities. The team focuses on superior companies with excellent management teams and holds them for the long term.

The team then emphasizes companies exhibiting growing revenue and earnings that are lagging in market price and trading at a significant discount to their estimated intrinsic value not yet recognized by the market.

In addition, the team considers companies with fundamental strength that include earnings and sales growth, and high returns on equity and assets.

The team also reviews global economic trends, themes and paradigm shifts. A key part of the investment process is identifying where innovations in business create paradigm shifts that can result in the opening of new markets in which well-run, financially strong companies can benefit.

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

The portfolio typically holds 30 to 50 stocks, and may invest in securities of foreign issuers, including American Depositary Receipts.

The fund may invest a large percentage of its net assets in a few sectors, including but not limited to technology, industrials, health care, consumer discretionary, and financials.

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

The investment process combines quantitative and qualitative techniques to identify companies that are trading at a discount to their estimated intrinsic value.

Then the research team relies on fundamental research to identify attractively valued companies.

The team looks for durable companies that generate cash with a management team that wisely manages the company’s environmental, social, and financial resources.

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

The fund invests a portion of its net assets in securities issued by companies in the financial services sector, including, without limitation, the banking, brokerage and insurance industries.

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

The investment process combines quantitative and qualitative techniques to identify companies that are trading at a discount to their estimated intrinsic value.

Then the research team relies on fundamental research to identify attractively valued companies.

The team looks for durable companies that generate cash with a management team that wisely manages the company’s environmental, social, and financial resources.

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

The fund invests a portion of its net assets in securities issued by companies in the financial services sector, including, without limitation, the banking, brokerage and insurance industries.

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

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

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

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

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

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

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

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

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

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

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

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

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

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

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

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

Then the research team utilizes a growth investing style to focus on companies that have the potential for above average revenue, earnings, and cash flow growth.

The team believes stocks of these companies have low dividend yields and above-average prices in relation to valuation metrics such as earnings and book value.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team evaluates companies on the basis of their financial strength, management capability, and overall economic conditions.

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

Additionally, the fund has the flexibility to take temporary defensive positions in cash or cash equivalents in response to adverse market, economic, political, or other conditions.

The fund will not invest in any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, or gambling enterprises.

The fund also avoids a company which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles.

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

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

Then the research team utilizes a growth investing style to focus on companies that have the potential for above average revenue, earnings, and cash flow growth.

The team believes stocks of these companies have low dividend yields and above-average prices in relation to valuation metrics such as earnings and book value.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team evaluates companies on the basis of their financial strength, management capability, and overall economic conditions.

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

Additionally, the fund has the flexibility to take temporary defensive positions in cash or cash equivalents in response to adverse market, economic, political, or other conditions.

The fund will not invest in any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, or gambling enterprises.

The fund also avoids a company which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles.

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

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

Then the research team utilizes a growth investing style to focus on companies that have the potential for above average revenue, earnings, and cash flow growth.

The team believes stocks of these companies have low dividend yields and above-average prices in relation to valuation metrics such as earnings and book value.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting securities for the portfolio, the research team evaluates companies on the basis of their financial strength, management capability, and overall economic conditions.

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

Additionally, the fund has the flexibility to take temporary defensive positions in cash or cash equivalents in response to adverse market, economic, political, or other conditions.

The fund will not invest in any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, or gambling enterprises.

The fund also avoids a company which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles.

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

The sub-advisor’s investment process is designed to highlight companies that have the potential for superior growth in earnings over a one- to three-year period.

Next, the research team relies on fundamental analysis to look for companies with attractive valuations and prospects of high future earnings.

The team also evaluates a company’s financial statements, has meetings with management teams, and reviews operations and product development.

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

The fund is non-diversified and may invest a significant percentage of its net assets in the securities of a single company.